[GTRMagic]

First the founder sells a fraction of his team to a major sponsor...

from http://www.teamkiwiracing.co.nz

TKR STRONGER THAN EVER
TEAM KIWI RACING has today announced yet another major development in
their bid to be a front running team in the Australian V8 Supercar
Championship with the financial involvement of well known New Zealand
motorsport identity and Owner of one of New Zealand's largest home
building companies Jennian Homes, Mr Bernard Gillon.

Mr Gillon has been a long time supporter of New Zealand motorsport both
on and off the race track and jumped at the opportunity to be involved
as a 20% shareholder in Team Kiwi Racing along with Mr John who founded
Team Kiwi Racing in 2000 who will retain the other 80% ownership of the
TKR business.

"I have been impressed and admire what David John and his team have been
able to achieve on such a limited budget over the last four seasons and
the opportunities they have provided a number of Kiwi drivers and crew
members both in Australia and here in New Zealand during that time"

"As a Kiwi business man and a race car driver myself I can see the
potential this team has with the right financial backing and know first
hand how difficult it is to compete against the Australian teams in a
sport that is more dominated by how much financial backing you have
rather than luck". Says Bernard Gillon

Mr Gillon started with Jennian Homes in 1987 as General Manager, in 1991
he became the first Jennian Homes franchisee in Tauranga and in 1998 he
purchased the Jennian Homes company.

Under Mr Gillons leadership Jennian Homes has grown from 7 franchisees
in 1998 when he purchased the company to 25 Franchisees in 2005 with
annual turn over in excess of $200,000,000.

"It is exciting times at TKR and a pleasure to have Mr Gillon involved
with Team Kiwi Racing as we start stage two of our development this
year"

"His ability to understand both the business side of motor racing as
well as the focus of the individuals within the race team from first
hand experience will be a major asset to the team as we continue to
punch above our weight in the Australian V8 Supercar Championship and
provide ongoing opportunities in the years ahead for up and coming
drivers to experience the international competition of V8 Supercars".
Says Mr John.

The funds Mr John will receive from the sale of the 20% shareholding
sold to Mr Gillon will be reinvested back into TKR by Mr John to ensure
TKR are able to match it with the very best Australian teams in the
Championship.

"If you look at what Mr John has agreed to do by reinvesting the funds
from the 20% shareholding back into Team Kiwi Racing it tells you all
you need to know about this team and how determined they are to succeed"

"Rather than pocketing the funds himself Mr John is more interested in
reinvesting the funds back into the team for the long term benefit of up
and coming drivers, mechanics and crew members to experience the
international level of motorsport under the Team Kiwi Racing banner".
Says Mr Gillon.

Both the short and long term potential of Team Kiwi Racing is looking
very positive with this latest announcement following on from recent
confirmations that Kiwi driver Paul Radisich will be driving the TKR All
Black Machine for the 2005 and 2006 seasons, Kiwi Alan Draper who is
regarded as a V8 Supercar engine guru is the teams new engine builder, a
brand new car and new engines will be provided to Mr Radisich for the start
of
the 2005 season along with a new multi million dollar technical
development partnership having been entered into between TKR and PMM.

Team Kiwi Racing will now use the Melbourne Formula 1 Grand Prix on the
3rd to the 6th March 2005 as a test weekend for the teams new car which
will be the very first time Paul Radisich has had the opportunity to
drive a Holden in preparation for the first round of the 2005 V8
Supercar Championship in Adelaide at the Clipsal 500 on the 17th to 20th
March 2005 before heading home to New Zealand for the second round of
the Australian V8 Supercar Championship at Pukekohe Park Raceway on the
14th to 17th April 2005.