Monroe, LA (March 11, 2010)  Good news that could put the Monroe Motor Speedway back on track for good.

The speedway filed for Chapter 11 Bankruptcy.

That move puts a halt on the sheriff’s sale that would have auctioned off the track next week.

What does this mean for the track?

The Monroe Motor Speedway started hitting some rough potholes in November.

That’s when the track’s investor petitioned to put the track up for sale because the board couldn’t pay on the over $4 million loan.  The latest bankruptcy filing promises a smother track for the speedway.

The Monroe Motor Speedway sits motionless, it’s future racing cars put in park since November.  But Chapter 11 Bankruptcy filed in court Tuesday gives the track hope to roll again as soon as April.

“They’ll be able to race this season, there’s a new board of directors in place,” said Monroe Motor Speedway Bankruptcy Attorney Bradley Drell.

Monroe Speedway Bankruptcy Attorney Bradley Drell says bad management is why the track almost hit a dead end in the first place.  “Maybe too many free tickets as it were which kind of hurt the revenues and they’re now going to closely monitor that,” said Drell.

The track was supposed to be sold by the sheriff’s office Wednesday the 17th.

BizCapital, the track’s investor claimed they hadn’t received payment on the $4 million loan in six months back last fall.  Drell says the investor is ready to help the speedway get back in the right direction.

“But the first meeting or teleconference was very positive as far as them working with us in the bankruptcy process to keep the racetrack operating,” said Drell.

Drell says his bankruptcy petition lays out a plan to operate in the future with a new board of directors.

He says money is already being raised to start cash flowing down the track again, like sponsorships and pit passes for drivers.   “We have some folks that we are contacting businesses to sponsor the track,” said Drell.

We spoke to Gus Campbell, the track’s president late this afternoon.   He says he’s thrilled the Monroe Speedway is moving forward, and he looks forward to seeing cars roll around the track in the near future.

Muscle Shoals, Alabama-Anthony Burroughs continued his torrid start to the 2010 season over the weekend in his #121 ALT
Transportation/Mastersbilt By Stuckey/Wall-2-Wall Racing Engine Super Late Model as he picked up a second place finish in Southern Regional Racing Series action.

Anthony traveled to Duck River Speedway in Wheel, Tennessee on Saturday for the $3,000 to win, Southern Regional Racing Series Super Late Model event. Thirty-three Super Late Models entered the event and Burroughs set the fastest time in his group and second fastest time overall to earn the outside front row starting spot for the main event. With the track being primarily locked down on the bottom for the feature, Burroughs would fall to second at the drop of the green flag and would go on to challenge the leader, Ronny Lee Hollingsworth, for the entire event before settling for a second place finish.

“Ronny Lee and I were pretty equal in the feature, and he just got the jump on me at the start of the race, and with passing being so difficult, I just had to settle for second. This was another great finish for this team!” commented Burroughs.

Burroughs and ALT Motorsports are preparing for a busy weekend. Friday night’s plans will be determined by Mother Nature, but as of right now the team plans to enter the $5,000 to win, Southern All Star Super Late Model event at Boyds Speedway in Ringgold, Georgia. For more information on the event, please visit http://www.boydsspeedway.com/ and http://www.southernallstarsracingseries.com/.

On Saturday, March 13th the team will travel to “The Baddest Bullring in the
South” Columbus Speedway in Columbus, Mississippi for the inaugural
Promoters Racing Organization (P.R.O.) Dirt Car Super Late Model Series
event. A $2,000 to win, 40 lap event is on tap. For more information,
please visit www.ColumbusSpeedway.net <http://www.columbusspeedway.net/>
and www.ProDirtCarSeries.com <http://www.prodirtcarseries.com/> .

Burroughs Motorsports would like to thank its corporate sponsors including
ALT Transporation, ABC Cash Register Company, Stuckey Enterprises, Wholesale
Commercial Laundry Equipment, Braswell Carburetors, Power Mist Fuel
Products, Sign Here Graphics, PMC Enterprises, Wall-to-Wall Performance
Engines, JRI Shocks By Precision Suspension, 5150 Race Trailers, All-Star
Performance, MSRMafia.com, Simpson Racing Products, Hypercoils, and Oval
Craft.

For the latest Anthony Burroughs information, please visit
www.Burroughs121.com <http://www.burroughs121.com/> .

Trumann, AR - After two months away from the track, “The Silent Assassin” Kyle Beard will return to action this Saturday with the newly formed P.R.O. Dirt Car Super Late Model tour at Columbus Speedway.

Beard Motorsports was last in action in early January when Kyle picked up a 15th place finish in the 19th Annual Ice Bowl at Talladega Short Track in Eastaboga, Alabama behind the wheel of his #86 GRT By Frye/Samuels Performance Racing Engine Super Late Model.

This Saturday, March 13th, Kyle will make the trek to Johnny Stokes’ Columbus Speedway in Columbus, Mississippi for the debut of the brand new Promoters Racing Organization (P.R.O.) Super Late Model tour. Kyle plans to compete for the championship with the P.R.O. tour, which currently boasts eleven dates, with a driver’s best ten finishes counting toward the final point’s fund. This Saturday, Beard will be racing for a $2,000 top prize in the P.R.O. opener. For more information on the event, please visit http://www.prodirtcarseries.com/ and http://www.columbusspeedway.net/.

Kyle Beard would like to thank his sponsors including KB Transport, Gary Beard Trucking, Samuel’s Performance Engines, JFR Graphics, Real Racin’ Wheels, Bill Frye Motorsports, and MSRMafia.com Marketing Services. Beard Motorsports is always looking for more sponsors, and anyone, who may be interested, can find more information at http://www.kylebeard86.com/.

For more information on Kyle and Beard Motorsports, please visit http://www.kylebeard86.com/.

New Smyrna Beach, FL- The 2010 Regular Season campaign kicks-off this weekend at FASCAR sister tracks Orlando Speedworld and New Smyrna Speedway with the Super Late Models taking center stage at both.

Friday night Orlando Speedworld will open up with the annual running of the Orange Blossom 100 for the Super Late Models along with the new E-Modifieds, Super Stocks, Strictly Stocks, Legends and the Bandoleros. Racing action will begin at 8:00pm with
the Bandoleros running early at 7:00pm.

General Admission at Orlando Speedworld for this Premium Event will be $20.00 Adults- Kids 11 & under FREE.

All Active Military with valid I.D. will get $5.00 off General Admission.

On Saturday night the spotlight shifts to New Smyrna Speedway as the high-banked half-mile will kick off the season with the first Bright House Challenge Series 50 lapper for the Super Late Models.

Joining the Super Late Models will be the Pro-Trucks, Sportsman, Mini-Stocks, Super Stocks and Strictly Stocks. Racing action will begin at the normal start time of 7:30pm.

General Admission at New Smyrna Speedway will be $15.00 with a $5.00 discount for all Active Military with valid I.D. As always Kids 11 & under will be admitted into the grandstands FREE.

For more information on Orlando Speedworld or New Smyrna Speedway, please visit the websites…www.OrlandoSpeedworld.org
www.NewSmyrnaSpeedway.org

IDAHO FALLS, Idaho – IMCA’s Southwest Racing Specialties Southern SportMod division has found its first weekly home in Idaho.

Idaho Falls Raceway will add the class to regular Friday night race cards already headed by sanctioned Modifieds.

“A handful of guys here decided they wanted to do something other than race street stocks or pure stocks, and they wanted rules that would let them run at other tracks,” explained promoter Trevor Arnold. “I know of seven cars now that are being bought or rebuilt. I think this class is going to be big around here. It’s really going to take off.”

Southern SportMods are on the season opening program EQ Cylinder Heads Wild West Tour program May 14-15. Point races at the 3/8-mile Idaho Falls clay oval are scheduled through Sept. 24.

“The economics of the SportMods is really good when compared to some of the local classes and the standardized rule package is important,” Arnold said. “Drivers can race here for state and national points, as well as track points. We’re hoping to get some of the drivers from Utah to come over during the Wild West Tour.”