Walker Racing Withdraws Indycar Program

Indianapolis, IN (March 9, 2008) – Reluctantly, Walker Racing has been
forced to withdraw its attempt to join the IndyCar Series for 2008. The
racing partnership of “Team Australia” and the association with
Australian businessman Craig Gore, drivers Will Power and Simon
Pagenaud, has also come to an end.

Notwithstanding a commitment for 2008, it came down to the lack of
funding. A lengthy search for new sponsorship partners drew a blank, so
Walker Racing had to close the program officially on Friday.

“It’s a great pity that the team has had to abandon our IndyCar program.
So much work by so many has gone into the Team Australia program over
the last three and a half years, but now it will remain unfinished
business for us. I wish my co-partner well with his new venture and so
to Will and Simon and all the employees, associates and fans who have
given me the opportunity. Many thanks,” said Walker Racing Owner,
Derrick Walker.

For further updates on Walker Racing, please visit www.walkerracing.com.

RacingNation Crew

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