DAYTONA BEACH, Fla. In addition, an integration team comprised of top ISC, SMI and Action
management will complement Action's existing team of outstanding employees at
all levels of the organization. Under this strategy, the company's
existing Charlotte, North Carolina operations , which currently manages
wholesale apparel operations, would also handle fulfillment for wholesale
NASCAR die-cast and apparel effective October 3, 2005.

Additional Information and Where to Find It
Action Performance has agreed to file a proxy statement in connection with
the proposed Merger and related transactions.

6 billion in the last twelve months,
over $950 million year to date and $540 million quarter to date.

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Action markets collectible die-cast products under the names Action Racing
Collectibles, RCCA, Winner's Circle, AP, Muscle Machines, Brookfield
Collector's Guild and Minichamps."
"We believe it is strategically important for NASCAR and other motorsports
to have strong, well-run companies designing, marketing and distributing
racing merchandise," commented Mr.
Action recently announced a restructuring of its wholesale NASCAR die-cast
distribution to a direct-to-retail model. The entity will be self-sustaining and it is
expected both ISC and SMI will record results of Motorsports Authentics as an
equity investment .com.
A replay will be available one hour after the end of the call through
midnight Friday , September 9, 2005.51 dividends per share since its August 1997 IPO at $15 per
share.

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In addition , Action designs and sells products relating to other motorsports
including the National Hot Rod Association , Formula One and Indy Racing
League. The
Company owns and/or operates 11 of the nation's major motorsports
entertainment facilities, including Daytona International Speedway in Florida
(home of the Daytona 500); Talladega Superspeedway in Alabama; Michigan
International Speedway located outside Detroit; Richmond International Raceway
in Virginia; California Speedway near Los Angeles; Kansas Speedway in Kansas
City, Kansas; Phoenix International Raceway in Arizona; Homestead-Miami
Speedway in Florida; Martinsville Speedway in Virginia; Darlington Raceway in
South Carolina; Watkins Glen International in New York.5% interest in
Raceway Associates, LLC, which owns and operates Chicagoland Speedway and
Route 66 Raceway near Chicago, Illinois. Stravina is a leading designer and
supplier of impulse-purchase novelty and souvenir items. Consequently, an investor's shares , when sold, may be
worth more or less than their original cost.

This press release contains forward-looking statements.

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and TEMPE, Ariz. Motorsports Authentics
will operate as an independent company with ISC and SMI as equal
owners. The acquisition is structured as a merger of a
wholly-owned subsidiary of Motorsports Authentics into Action, and the
surviving entity will be operated by Motorsports Authentics. The proxy statement will contain
important information about the transaction, and Action Performance's
stockholders are urged to read the proxy statement and other relevant
materials when they become available.
Information regarding the identity of the persons who may, under SEC
rules, be deemed to be participants in the solicitation of stockholders of
Action Performance in connection with the transaction, and their interests in
the solicitation , will be set forth in a proxy statement that will be filed by
Action Performance with the SEC.
Stravina, headquartered in Chatsworth, CA, has over 100 product lines,
including personalized key chains, photo frames, pens, pencils, rulers, Post-
It notes, as well as souvenir products including magnets, shot glasses and
plush toys. The Company sells to mass merchants, gift stores, party and craft
stores, toy stores, drug stores and grocery stores.

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Further,
through the continued execution of its initiatives to improve financial
performance, we believe that Action will be better positioned to capitalize on
the continued growth in the popularity of NASCAR and other forms of
motorsports . Action has recently announced plans to improve
its financial performance, including optimizing the production, marketing and
distribution of its die-cast and other products, divesting or discontinuing
non-core businesses, controlling expenditures and expanding its traditional
retail channels through the consolidation of certain functions.

Conference Call
The executive management teams of ISC, SMI and Action will host a
conference call today with investors at 11:00 a. The Company owns and operates the
following premier facilities: Atlanta Motor Speedway, Bristol Motor Speedway,
Infineon Raceway, Las Vegas Motor Speedway, Lowe's Motor Speedway and Texas
Motor Speedway.gov., American Capital
Strategies Ltd. The Company also sells to
five of the top ten retailers in the U.S.ACAS . The statements
regarding expected results of American Capital Strategies are subject to
various factors and uncertainties, including the uncertainties associated with
the timing of transaction closings, changes in interest rates, availability of
transactions, changes in regional, national or international economic
conditions, or changes in the conditions of the industries in which American
Capital has made investments.

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Lesa France Kennedy, President of ISC, stated, "As part of Motorsports
Authentics, we believe Action has significant long-term potential for
generating positive cash flow and earnings."

Operating Strategy
A four-member management committee will oversee the operations of
Motorsports Authentics. Information about a party has
been provided exclusively by that party or, in the case of Motorsports
Authentics, its members.cfm.
Performance data quoted above represents past performance of American
Capital.

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"

About SMI
Speedway Motorsports is a leading marketer and promoter of motorsports
entertainment in the United States . (Nasdaq: ACAS) announced today it has invested an additional
$53 million in its portfolio company Stravina Operating Company LLC,
purchasing the senior debt of Stravina, committing to a senior term loan and
providing a revolving credit facility. Furthermore, Stravina's low price, impulse
purchase products help it withstand economic downturns.

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, CHARLOTTE, N. The
Company's products include a broad range of motorsports-related die-cast
replica collectibles, apparel, souvenirs and other sports-inspired
memorabilia.action-performance. The parties have incurred and will continue to incur significant
advisory fees and legal and other expenses relating to the transaction. BETHESDA, Md.com/our_portfolio /our_portfolio. Their long-term
commitment, indepth understanding of our business and their valuable industry
experience make them the right investment partner for Stravina as we move
forward," said Stravina President and CEO Sheldon Morick.

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Fred Wagenhals, President and CEO of Action; David Riddiford, Action's
Chief Financial Officer; and Melodee Volosin, Action's Chief Operating
Officer , are expected to remain in key roles in the new company as they have
significant knowledge and are viewed as important resources to the integration
and restructuring of the business. Wagenhals.com .com, trackside at racing events, direct corporate promotions, mass
retail and department stores, specialty dealers and select online retailers. Forward-looking statements are not guarantees of future performance
and involve certain risks and uncertainties, including the risks and
uncertainties detailed from time to time in the parties' filings with the
Securities and Exchange Commission. "We are in a good position
to leverage our well-established relationship with Stravina's management team
and Blue Capital. For more
information about American Capital's portfolio, go to
http: //www.cfm?p_comp=59

ABOUT AMERICAN CAPITAL
American Capital is a publicly traded buyout and mezzanine fund with
capital resources of approximately $5.
As of May 31, 2005, American Capital shareholders have enjoyed a total
return of 364% since the Company's IPO -- an annualized return of 22%,
assuming reinvestment of dividends.

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International Speedway and Speedway Motorsports Partner to Purchase Action Performance

Strategic Rationale
Action is the leader in design, promotion, marketing and distribution of
licensed merchandise. Action also has licenses to manufacture apparel and memorabilia for
the National Basketball Association, Major League Baseball , and multiple other
branded organizations. To access, dial toll free 877-519-4471
and enter the code 6434798, or visit the Web sites referenced above. (NYSE: ATN) is the leader in the design,
promotion , marketing and distribution of licensed motorsports merchandise. In
addition, investors and security holders may obtain free copies of the
documents filed with the SEC by Action Performance by going to Action
Performance's investor relations page on its corporate website at
http://www.

American Capital Invests $53 Million in Portfolio Company Stravina

2 billion. American Capital provides senior debt, mezzanine debt and equity
to fund growth, acquisitions and recapitalizations.

shops american

As such, we believe we can
capitalize on financial and operating synergies by approaching merchandise
operations as a combined entity through Motorsports Authentics. A call center is being
added at that facility to handle order processing and customer service.action-performance.
The Company also owns and operates MRN Radio, a leading independent sports
radio network; DAYTONA USA, the "Ultimate Motorsports Attraction " and official
attraction of NASCAR; and subsidiaries which provide catering services, food
and beverage concessions, and produce and market motorsports-related
merchandise under the trade name "Americrown.action-performance. Action Performance further disclaims any responsibility
for forward -looking statements or other statements made in this release
concerning the other parties to the proposed transaction, including ISC, SMI
and their related entities, and/or to any descriptions contained in this
release concerning their proposed joint venture.com/our_portfolio/companies/company.

collectables regional

Approximately 70 percent of the company's 2004 product sales related to NASCAR
due to its license agreements with many of the sport's top teams and drivers. From a trackside sales perspective, ISC and SMI each
promote a significant number of events in NASCAR's three national touring
series including the NASCAR NEXTEL Cup schedule. Action Performance will mail
the proxy statement to its stockholders.
Although the parties believe that the expectations reflected in such forward-
looking statements are reasonable , they cannot give any assurances that these
expectations will prove to be correct.

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It is our goal to ensure that our products are
properly marketed through key distribution channels, which will help promote
NASCAR and other motorsports while creating natural business synergies,
particularly during event weekends. France
Kennedy; John Saunders, Executive Vice President and Chief Operating Officer
for ISC; Marcus Smith, Executive Vice President of National Sales and
Marketing for SMI; and Mark Gambill, an SMI Board of Director member since
1995.com, and
http://www. The Company
also owns Performance Racing Network, which broadcasts syndicated motorsports
programming to over 710 radio stations nationwide.com.
Investors and security holders may obtain free copies of these documents
(when they are available) and other documents filed with the Securities and
Exchange Commission (the "SEC") at the SEC's web site at http://www. Blue Capital
Management LLC is the majority owner and equity sponsor of Stravina.5 million investment.5 million supporting
the Company's acquisition of Hanover Accessories, a designer and marketer of
children's jewelry and hair accessories, pet accessories and novelty products. Past performance does not guarantee future results and the
investment return and principal value of an investment in American Capital
will likely fluctuate.

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Action 's brands for licensed apparel, gifts
and other memorabilia include Chase Authentics, Trevco and Winner 's Circle. We plan to leverage the extensive
relationships and marketing expertise of both ISC and SMI to make this a
successful venture.
Motorsports Authentics will continue to execute Action 's plans to return
its business to profitability.
Wachovia Securities acted as financial advisors for ISC and SMI, and
SunTrust Robinson Humphrey acted as financial advisors to Action in connection
with the transaction."
American Capital has invested over $2.

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C. The
acquisition is expected to close by calendar year-end, and is subject
to several conditions including Action shareholder approval, regulatory
approvals required under the Hart-Scott-Rodino Act , consents and
certificates from certain counterparties to Action's material contracts
as well as the lack of any material adverse event to Action's business. Motorsports Authentics
will integrate the intellectual property rights of a significant number of
NASCAR's premier teams , drivers and tracks into a cohesive long-term
merchandising strategy. Herb Baum, recently appointed as Executive
Chairman of Action Performance, will not remain with the company after
closing. "Under the leadership and guidance of Motorsports
Authentics' management committee and a strong integration team, the business
should be able to more rapidly execute its turn around strategy, return to
profitability and capitalize on future growth opportunities. I look forward to
focusing my efforts on further strengthening the relationships with our
licensors and distributors, and contributing to the future success of
Motorsports Authentics. The Company provides souvenir merchandising services through
its SMI Properties subsidiaries, and manufactures and distributes smaller-
scale, modified racing cars through its 600 Racing subsidiary.com or by contacting David Riddiford at Action
Performance at 1480 South Hohokam Drive, Tempe, Arizona, 85281 or by phone at
(602) 337-3700.
"We're looking forward to continuing our relationship with Stravina," said
American Capital Managing Director Gordon O'Brien.
For more information about Stravina's personalized products, go to
http://www. American Capital outperformed 86%, 78%,
93% and 98% of all public companies in the 1-year, 3-years, 5-years and the
approximately 7-1/2 years since our IPO, in each case ending May 31, 2005.

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"Licensed product is a significant segment of
the industry that has historically not been optimized. In the case of Action
Performance, such risks include potential adverse impacts on its results of
operations, financial condition and cash flows that may arise from the
announcement of the proposed transaction, as well as the potential adverse
impact on its ability to attract and retain customers, management and
employees. American Capital is an
investor in and sponsor of management and employee buyouts, invests in private
equity buyouts, and provides capital directly to private and small public
companies.com.

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About ISC
International Speedway Corporation is a leading promoter of motorsports
activities in the United States, currently promoting more than 100 racing
events annually as well as numerous other motorsports-related activities.sec.

This press release contains forward-looking statements regarding the
parties to the transactions described in this release, including statements
regarding Action Performance's anticipated financial results, the results of
its restructuring and the proposed transaction with ISC, SMI and their related
entities."
American Capital first invested in Stravina in May 2002, supporting Blue
Capital Management LLC's acquisition with a $19.

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(NYSE: ATN ) ("Action")
today announced the following:

- ISC and SMI have partnered in a joint venture , which will conduct
business under the name Motorsports Authentics, to create a leader in
the production, marketing and sales of motorsports licensed
merchandise, including apparel and souvenirs. Its products include a broad range of motorsports-
related die-cast replica collectibles, apparel, gifts and other memorabilia."

Financial Impact
Upon closing , both ISC and SMI expect to record equity investments, with
each representing 50 percent of the total net consideration paid for the
outstanding shares of Action.m. Eastern Time.speedwaymotorsports. For more information, visit
the Company's Website at http://www. In addition, the statements regarding the
consummation of the transaction discussed in this release are subject to risks
that the conditions to the transaction will not be satisfied, including the
risk that regulatory approvals will not be obtained, and that the definitive
agreement will be terminated prior to closing. The parties disclaim any duty to
publicly update or revise any forward-looking statements regarding the matters
discussed in this release, whether as a result of new information, future
events or otherwise. Additionally , American Capital's
current performance may be lower or higher than the performance data quoted
above .

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, International Speedway Corporation (Nasdaq: ISCA)
(OTC Bulletin Board: ISCB) ("ISC"), Speedway Motorsports Incorporated (NYSE:
TRK) ("SMI") and Action Performance Companies Inc.
Action currently markets its products primarily through a combination of mass
retail, domestic wholesale, trackside , international and collector's club. The committee will be comprised of Ms.
From an earnings perspective, as the transaction is not expected to close
until late in the calendar year, it is expected to minimally impact the
financial results of Motorsports Authentics for 2005. To
participate , dial toll free 888-693-3477 five to ten minutes prior to the
scheduled start time and request to be connected to the Motorsports Authentics
call.

About Action
Action Performance Companies Inc.
For more information about Action Performance and its many subsidiaries,
please visit the Company's corporate Web site at
http://www.ACAS.
"Stravina is the largest supplier of personalized novelty items and one of
the largest suppliers of non-apparel souvenir items in North America," said
American Capital Principal Steven Price.

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- Motorsports Authentics has entered into a definitive agreement to
purchase Action for $13 per common share, or approximately $245
million, in cash. Bruton Smith, Chairman and Chief Executive
Officer of Speedway Motorsports .
"This transaction represents the best strategic option for our business,"
said Mr.speedwaymotorsports . Action Performance markets and distributes products through a
variety of channels including the Action Racing Collectables network of
wholesale distributors, the Racing Collectables Club of America , QVC,
goracing. "Stravina's sales and long-term
growth prospects are supported by its excellent underlying demographics for
its target market, its active product innovation programs and excellent
relationships with its suppliers.
Companies interested in learning more about American Capital 's flexible
financing should contact Mark Opel, Senior Vice President, Business
Development, at (800) 248-9340, or visit our website at
http://www.

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These
initiatives are expected to benefit the business through a lower cost
structure, improved speed to market, and earlier awareness of consumer trends,
preferences and buying habits. A live Webcast of the call can be accessed at
http://www . Other motorsports
entertainment facility ownership includes an indirect 37. In
August 2003 , American Capital invested an additional $7.
Hanover also operates CRS/Lawrence, a company offering in-store merchandising
services for major retailers and manufacturers in over 14,000 retail stores
across the country.
"Since 2002, American Capital has supported Stravina, providing us with
the financial resources necessary to build our company.
American Capital has paid a total of $717 million in dividends and paid or
declared $17.AmericanCapital.