2010-04-03

UPDATE - IMPACT SFI CONFLICT PRESS RELEASE - April 1st, 2010

In the Impact and SFI conflict recent development, on the basis of sworn testimony by Impact, SFI reinstated the certification of Impact products manufactured in 2009 and 2010, here is an extract of the joint release:

April, 2010

JOINT PRESS RELEASE

April 1, 2010 - Impact Racing, LLC and SFI Foundation, Inc., in the litigation pending in the United States District Court for the Southern District of Indiana, have agreed that:

1. Impact Racing, LLC has provided sworn testimony that, upon review and investigation, no counterfeit SFI Conformance Labels have been used on Impact Racing products during the production years of 2009 and 2010.

2. Impact Racing, LLC has provided sworn testimony that, upon review and investigation, all Impact Racing products manufactured and sold during the production years 2009 and 2010 meet SFI specifications.

3. Based upon this sworn testimony, the decertification against Impact Racing products for the production years 2009 and 2010 is lifted. The decertification of the production years prior to 2009 and 2010 remains in effect. The parties will continue to work cooperatively in an effort to resolve the issues relating to decertification in these years.

4. Impact Racing stands behind the safety of all products it has manufactured and to which SFI Conformance Labels have been affixed. SFI will continue to monitor compliance with product specifications.

5. Impact Racing, LLC and SFI Foundation, Inc. will cooperate in determining whether any Impact Racing product bears a counterfeit SFI Conformance Label and if any safety issue exists in regard to products manufactured prior to 2009 and 2010.

6. If any Impact Racing product does not bear the date of manufacture the purchaser or user is instructed to immediately contact Impact Racing who will provide verification of the date of manufacture. Impact Racing, LLC will immediately notify SFI Foundation, Inc. of this occurrence. Impact Racing, LLC and SFI Foundation, Inc. will work with the sanctioning bodies to determine the best method for product users to present verification of the date of manufacture.

For a downloadable .pdf of this press release, please click on the following link: Joint Press Release 04-01-10.

For a downloadable .pdf of this press release, please click on the following link: http://www.impactraceproducts.com/pdfs/2010/SFI%20Press%20Release_04012010.pdf


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