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A. N. DERINGER RENEWS AS PRESENTING SPONSOR OF THE CANADIAN FORMULA FORD CHAMPIONSHIP THROUGH 2004

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Khatir Soltani
July 16, 2002 (Montreal, QC) - A.N. Deringer announced today that they have renewed their contract to stay on as presenting sponsor and "Official Customs Broker and Freight Forwarder" of the Canadian Formula Ford Championship race series through the end of 2004.

"Deringer is a high performance company and teamwork is one of the key elements in providing our service. We are happy to continue our involvement as a member of the team helping these Canadian drivers showcase their talent, and at the same time promoting Deringer in one or our key markets, " said John Holzscheiter, VP of Marketing and Sales, A.N. Deringer, Inc. "We look forward to seeing these drivers develop into world-class racers as many of their predecessors. Knowing that we will be presenting the series for the next few years allows us to plan ahead and build on the solid customer relationships we've established in Canada over the past 82 years."

A.N. Deringer, Inc. is a leading provider of international logistics services, including International Freight Forwarding, Warehousing & Distribution, Customs Brokerage, Logistics Consulting, Cargo Insurance, Duty Drawback, as well as the operation of Meat Inspection Facilities.

"Deringer is a terrific company, with whom we have a very strong relationship. We're thrilled with their show of support in our organization and race program. The long term nature of the contract allows us to focus on growing the Formula Ford series to its full potential as North America's premiere development series," said Eric Berman, series general manager. "I'm confident the series will continue to serve as an excellent long term marketing and sales vehicle for Deringer."

Deringer rejoins returning sponsors Ford Canada, Esso, Hankook, Autosport Basi, Cardinal and Player's Ltd., and new series sponsors for 2002 Mobil 1 as the "Official Oil" and CD Plus Partnership as the "Official Music and Movie" sponsor. The Formula Fords take to the streets of Trois-Rivières for rounds 5 and 6 on August 3rd and 4th.

For more information on A.N. Deringer, visit their web site at www.anderinger.com . For more information on the Canadian Formula Ford Championship, go to www.formulaford1600.com .

Media Contacts:

Eric Berman
Berman Motorsport Group, Inc.
514-487-6900 ext. 239
eberman@canspan.com

John Klinefelter
A.N. Deringer
802-524-8233
jklinefelter@anderinger.com

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Khatir Soltani
Khatir Soltani
Automotive expert
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