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Velocity Sports & Entertainment Named One of Nation's Top Twenty Agencies by PROMO Magazine

WESTPORT, CT (June 18, 2002) - Velocity Sports & Entertainment has been recognized as one of the nation's top twenty marketing/promotional agencies by PROMO Magazine, the promotion industry's leading publication, in it's annual ranking of the top 100 promotional firms.

In just three years, Velocity has emerged as the top-ranked sponsorship marketing agency in the PROMO 100, and established its standing among traditional promotion agencies with its ranking at number 19. Velocity's unique blend of sponsorship marketing and promotional expertise propelled it from its number 99 ranking in 2001 - an unprecedented 80 spot jump. Velocity's dramatic revenue growth since 1999 (291%) was one of the primary criteria in determining this move. However, PROMO Magazine's evaluation of Velocity's client programs was of equal importance.

Velocity has helped clients such as FedEx, IBM, Texaco and Cingular Wireless develop breakthrough sponsorship marketing programs. These client successes have also allowed Velocity to expand geographically. The agency now operates offices in Wilton, CT; Washington D.C.; Atlanta, GA; San Francisco, CA and Chicago, IL.

Velocity principal Mike Reisman said, "In this age of consolidation, our dramatic rise into PROMO's top twenty agencies reinforces our core purpose: to remain independent and focused on our core business, rather than trying to be everything to everybody. We have fostered an environment in which we provide the best of breed strategic thinking and creative program development."

Velocity's principals - David Grant, Alex Nieroth and Bob Wilhelmy as well as Reisman - have more than 80 years experience helping clients maximize the value of their sports and entertainment sponsorship efforts. Velocity offers clients a wide array of sponsorship, event, promotional, hospitality, meeting planning, negotiating, measurement and other marketing services. Velocity's founders include the principals as well as Jody Bennett, Kelly Lyons and Karen Shimp.

About Velocity Sports & Entertainment

Velocity Sports & Entertainment is a marketing agency specializing in helping clients maximize the value of their sports and entertainment sponsorship marketing efforts. Velocity assists clients in all aspects of the sponsorship marketing process including strategic planning, negotiation, program development, leveraging, execution, customer hospitality and pre-/post-event evaluation. Its clients include IBM (1986), FedEx (1992), Cingular Wireless, Texaco, Novartis, The New York Times and NASCAR.

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