TORCO OFFICIAL STATEMENT

Torco Racing Fuels has announced an interruption for their 2008 racing season.  The break will include sidelining all Knoll Gas Motorsports’ teams, including those owned by Evan Knoll and sponsored by Torco Racing Fuels, Inc. for the 2008 season.  However, the break will not affect event sponsorship in NHRA, IHRA, and other sanctioned bodies.

 

At the center of the interruption is the long-term health of Torco President and founder, Evan Knoll.  Knoll, who suffered major injuries in a serious motor vehicle accident in November of 2004, has stayed at the helm of operations with Torco.  Knoll has been in and out of Mayo Clinic and has also been working with several Neurologists.  He continues to have in-home, state-of-the-art medical care when treatment is necessary and Knoll is currently unable to travel. 

 

In taking a season off from the rigorous duties of being a primary sponsor and team owner of more than a dozen teams, Knoll will be able to concentrate on furthering his recovery.  Additionally, the organization is hoping to plan, strategize, and regroup their team efforts throughout drag racing, thus strengthening their chances of world championships. 

dsb_2958.jpg Torco Racing Fuels has announced an interruption for their 2008 racing season.  The break will include sidelining all Knoll Gas Motorsports’ teams, including those owned by Evan Knoll and sponsored by Torco Racing Fuels, Inc. for the 2008 season.  However, the break will not affect event sponsorship in NHRA, IHRA, and other sanctioned bodies.

 

At the center of the interruption is the long-term health of Torco President and founder, Evan Knoll.  Knoll, who suffered major injuries in a serious motor vehicle accident in November of 2004, has stayed at the helm of operations with Torco.  Knoll has been in and out of Mayo Clinic and has also been working with several Neurologists.  He continues to have in-home, state-of-the-art medical care when treatment is necessary and Knoll is currently unable to travel. 

 

In taking a season off from the rigorous duties of being a primary sponsor and team owner of more than a dozen teams, Knoll will be able to concentrate on furthering his recovery.  Additionally, the organization is hoping to plan, strategize, and regroup their team efforts throughout drag racing, thus strengthening their chances of world championships. 

 

“We want to stress that this is only an interruption,” stated Torco CFO, Latrell Preston.  “We are not selling any of our racing assets including any of our race team properties, and we will also retain all leased property in preparation for 2009.  We intend to remain a leader in the racing industry.  In order to achieve the success we expect, we found it necessary to take a break with our teams.  This is in no way an indication of us leaving the sport.  We have a long-term commitment to the fans, racers and racing industry.    With Evan’s health being our main concern; the shaky oil market and world economy; and, our need to better strategize our teams, we will simply take a small step back.” 

 

“We are definitely not leaving drag racing,” reiterated Preston .  “With Evan’s health concerns, and our company’s rapid growth, we found it necessary to take some time to organize and better plan our efforts.  We are keeping our primary event sponsorship in both Chicago and Richmond in NHRA, and keeping our existing series sponsorship in IHRA.  This break is affecting our teams for this year only.  We will be back in 2009 stronger and striving for a championship season.”

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