Action Performance Names Founder of MiniChamps to Board of Directors
29 September 1998
Action Performance Names Founder of MiniChamps to Board of Directors
PHOENIX--Sept. 29, 1998--Action Performance Companies Inc.(TM), Tuesday announced that it has named Paul G. Lang to its board of directors.
Lang is the founder and currently a minority shareholder of MiniChamps(TM), a group of German die-cast collectibles companies in which Action Performance acquired a majority interest on Aug. 28, 1998.
Through MiniChamps, Lang has successfully marketed die-cast scaled replicas of motor vehicles, including models of Formula 1 and GT race cars, under license agreements with some of the world's most popular race car drivers, team owners, and car manufacturers. The MiniChamps brand is regarded by many collectors as among the highest quality die-cast in the world.
Action Performance Chairman, President and Chief Executive Officer Fred W. Wagenhals said, "We are pleased to announce the newest addition to Action's board of directors. Paul's extensive international business experience and his strong relationships in Formula 1 racing will help Action pursue its strategy abroad."
Action Performance Companies Inc., is the leader in the design, marketing, and distribution of licensed motorsports merchandise. Its products include a broad range of motorsports-related die-cast car replica collectibles, apparel, souvenirs, and other memorabilia.
The company markets and distributes products through a variety of channels, including the 140,000-member Racing Collectables Club of America(TM) (RCCA), trackside at racing events, mass retail department stores, and a nationwide wholesale network of approximately 5,000 specialty dealers and distributors.
