I-80 Speedway to be Double Sanctioned in 2008

For more information contact:

Danielle Jensen, Director of Operations and Marketing

(402) 342-3453

Greenwood, NE (December 11, 2007) – I-80 Speedway is pleased to announce a
co-sanctioning for the 2008 Season featuring seven classes of cars racing on
Sunday nights. The 4/10 mile track will continue its NASCAR Whelen All
American Series sponsorship with NASCAR Late Models, Modifieds and Pro Ams.
Joining other area tracks, I-80 Speedway will host IMCA sanctioned classes
including: IMCA Crate Late Models, Northern Sport Mods, Hobby Stocks and
Sport Compacts. The Super Late Models will be part of a Touring Late Model
Series called Spec Late Model Racing (SLMR).

The 30 date season will follow the 2007 tradition of rotating classes
running on Fridays for the first three weeks and switching to Sunday nights
for the rest of the season, giving each class a couple of weeks off
throughout the year. Last year, drivers enjoyed being able to plan vacations
with their families, or even just attending the races to watch.

This year's NASCAR Late Models will be the Grand Nationals, with a Crate
Engine option. Junction Motor Speedway will run the same division on
Saturday nights in the NWAAS, giving area drivers two tracks to chase for
state and national points within Nebraska.

"We are very excited that Junction Motor Speedway is joining the NASCAR
family," said Ed Kosiski, managing partner for Land Developers Inc. (LDI).
"This gives us an increased opportunity to have joint ventures, and to
ensure that Late Model Racing in the area is kept affordable."

The NASCAR Late Models will be the premiere division, Modifieds will be the
1st Charger Division and Pro Ams will be the 2nd Charger Division.

Monday, December 10, 2007 will go down in the history books of I-80
Speedway, as on that date an agreement was reached with IMCA to sanction
four classes. The IMCA Crate Late Model Class will be the same as the
Novice Crate Late Models in the fact there will be no age restriction. The B
Mods are now the Northern Sport Mod class, and the Pro and Novice Hornets
will now be combined to make the Sport Compact Class.

"By joining IMCA, we open up our gates to more area drivers in the Crate
Late Models, Hobby Stocks, Northern Sport Mods and Sport Compacts," said
Kosiski. "Because the rules are uniform in these classes for IMCA, drivers
will have a more fair advantage and another facility to race at."

The SLMR will race seven times at I-80 Speedway and five times at McCool
Junction Speedway. Park Jefferson Speedway in Jefferson, SD is considering
hosting two nights. Discussions with Iowa's Adams County Speedway in
Corning and Shelby County Speedway in Harlan, as well as Mid Nebraska
Speedway in Doniphan and Lincoln County Raceway in North Platte are
currently underway to add dates at these tracks for the SLMR.

Top area Late Model drivers including Kyle Berck, Mike Wiarda, Eddie Moore,
Chad Humston, Bo Eggers and Steve Kempt have committed to run in many of the
"$1200 to win" SLMR series races, when other regional touring series
schedules allow them. The total weekly payout for each night of this series
will be $7475, with a $10,000 point fund.

Information regarding IMCA Class rules can be found at www.imca.com.

NASCAR
class rules, as well as information about season passes, licenses, number
registration and schedules will be released soon. Ed Kosiski will take over
duties as managing partner for Land Developers Inc., and Danielle Jensen
will continue in her role as Director of Operations and Marketing.

Drivers, crews and fans with ideas, questions or concerns about the upcoming
year should call Ed Kosiski after 5:30 p.m. at (402) 492-3535. Ed will not
be taking phone calls between 8 a.m. and 5:30 p.m., as he works at the
family salvage yard during that time. He also will not be answering
questions on any racing forums.

"I look forward to speaking with people directly about the 2008 season,"
said Kosiski. "The owners, as well as Danielle and I, welcome input on ideas
and would appreciate hearing from people."