PRESS RELEASE - FOR IMMEDIATE RELEASE  -  Issued by Atl. Racing Team

Halifax, Nova Scotia 07/03/2008

Atlantic Racing Team of Halifax, Nova Scotia Canada will once again spread
its wings, announcing the participation in the Formula BMW Pacific Series
with Gabby Chaves of Bogota, Colombia.

Gabby, as one of the youngest drivers in the FBMW Pacific series,
participated until recently in the Skip Barber Racing School Regional
Series. He has been known there as a strong front runner.

"When we had the opportunity to test Gabby in our FB2 car here in Halifax,
Nova Scotia, we instantaneously recognized that there is a young driver,
unlike so many we had tested before, with total insight of the car, track
and team work! Not only was he fast, right from the get go but also
consistent, fully focused and. really likable!" says Ingo Strackerjan, team
manager and proceeds to explain "All this will help him and us to go to the
Pacific series and be strong contenders."

"I think we are all very excited to go to Asia, to participate in all 3
Asian Formula One races, including the first night street race in F1
history! The Pacific series will be one of the most contented FBMW series
this year, considering more European teams and drivers from all over the
world are now participating there. Gabby cannot wait and compete with these
more experienced drivers and continue his learning process".

Letters of recommendations for Gabby from the racing industry's leading
personalities, Series Organizers, Coaches and other Teams give proof that
Gabby has shown his discipline and abilities. A big plus in all this is also
Gabby's manager, no other than Mr. Felipe Santos - he is not only great to
work with but also  knows the industry very well and has the vast knowledge
and experience needed to acquire sponsors and secure funding for Gabby's
junior racing future.

The Formula BMW Pacific Series kicks off at the Sepang International Race
Track, near Kuala Lumpur, Malaysia on March 16th with a test day and 4 days
of practice, qualifying and two races over the weekend as part of the second
2008 Formula One racing series.

About the Formula BMW Series:
Most of the young guns that have outgrown karting have the same ultimate
goal: to make it to Formula One. In recent years, Formula BMW has proved to
be the perfect stepping stone on the way to the pinnacle of motor racing.
Formula BMW is the world's leading entry-level class in Formula racing. In
2008 the German and the British Championship will merge into new Formula BMW
Europe, which will be staged in the support program of Formula One. Formula
BMW USA will become Formula BMW Americas, Formula BMW Asia will be renamed
Formula BMW Pacific. Apart from the championship, there is a separate class
for newcomers in open-wheel racing, the Rookie Cup. Up-and-coming drivers as
young as 15-years-old are given the opportunity of entering motor racing
with the high-tech, FB02 race car.

About Atlantic Racing Team:
Atlantic Racing Team (ART) has a rich history of racing in Canadian road
racing since 1989 with F-Ford, Firehawk, GT, Fran-Am, F-Renault, Indy Pro
and since 2004 the F-BMW USA series. The first and foremost goal for ART's
participation in FBMW is the development of the drivers ability giving them
the understanding towards all facets of racing. ART sees Formula BMW as the
best open wheel driver development series, due to their highly qualified
staff, the excellent race formats and track/event selections as well as the
sophisticated FB2 Mygale chassis.

For more information about the Series, Gabby Chaves or the Team please
follow these links;
www.gabbychavesracing.com    www.atlanticracingteam.com      www.AFOS.com
www.formulabmwamericas.com www.bmw-motorsport.com