Gary R. Cornwell, President and Chief Executive Officer for CVEC Power Systems Inc. today announced the formation of CVEC Racing, a sister company that will specialize in sponsorship and marketing opportunities, licensing and other subsidiary operations. The foundation for this new program is CVEC Racing's multi-year sponsorship of two-time and defending NHRA Pro Stock Bike Champion Angelle Savoie and the Star Racing Suzuki.

"CVEC Racing is proud to be associated with Star Racing and Angelle Savoie," stated Cornwell. "Our company is embarking on a new charter with CVEC Racing, and the marketing campaign surrounding this sponsorship is its cornerstone.

"We are very excited to be able to share our vision and look forward to working with associate sponsors Suzuki and Snap-On Tools, as well as the NHRA. The vision of CVEC Racing and the partners we have will make for an unbeatable combination."

CVEC Power Systems, with headquarters in Melbourne, FL, is a manufacturer of performance exhaust systems for the hobby/radio-controlled (RC) industry. In five years, it has grown from an entrepreneurial endeavor to a major supplier, with their top-selling, patented product line sold in over 2500 dealers worldwide.

The Star Racing team has been the model of success in Pro Stock Motorcycle since 1987, accumulating 56 National event wins in 100 final-round appearances. With the help of talented riders such as the legendary John Myers and Angelle Savoie, the Star Racing entry has earned five NHRA Pro Stock Motorcycle championships and eight runner-up finishes in the last 13 years. Today's announcement came as welcome news to owner George Bryce, whose team faced an uncertain competitive future until meeting CVEC representatives at the Pro Stock Bikes' season-opener in Gainesville.

"First of all, I'd like to say how thankful we are to have found the right match with CVEC," explained Bryce. "One of the reasons we didn't have a sponsor up to this point was because we were being very selective. It's hard to do when you don't have a deal, especially because we really wanted to defend our championship and try for three in a row. That's been the way of life here at Star Racing, trying to win races and championships. We were fortunate enough to reach our one 100th final round a few weeks ago, and it's something we want to keep doing.

"What's really neat about our deal with CVEC Racing is that they are going to develop and distribute products that will be in perfect alignment with what Star Racing is, and has been for the last twenty-five years. Using our team and company as the springboard to launch their new venture is a perfect fit for both of us. The way we see it, it's a match made in heaven. It makes us appreciate our not looking for the quick fix and holding out for the right deal. We're glad it all came together."

Savoie, the most successful female competitor in NHRA Drag Racing history, echoed her team owner's thoughts.

"Working with CVEC Racing is something that suits me perfectly," said Savoie. "I've always been interested in the RC hobby, and in fact I bought in an RC truck several years ago. Knowing that this is the product I'll be working with and helping to sell is really exciting, especially because I'll be able to work with children as well as adults. It's been tough not being able to talk about it over the last few weeks, but now I'm ready to go out and tell everyone about it."

In addition to their involvement with Star Racing, CVEC Racing revealed plans for a new points and purse system for its Hobby Drag Racing Association (HDRA). CVEC Racing will also be manufacturing one-tenth scale RC replicas of several current NHRA race cars.

Finally, CVEC also announced the formation of Pulse Engineering, a research and development division that will work on high performance exhaust systems for the two-cycle, full-size motorcycle industry.