DAYTONA BEACH, FL -- Motorsports promoter, International Speedway Corp. (ISC), announced today its wholly owned subsidiary Pennsylvania International Raceway, Inc., has entered into an agreement with Brookside Realty for the sale of 158 acres on which Nazareth Speedway is located. ISC is selling the property for approximately $19 million.

Located in Lower Nazareth Township in Northampton County, Pa., Nazareth Speedway suspended major motorsports event operations after the completion of the track's 2004 events and its results of operations are presented as discontinued operations in ISC's consolidated financial statements. Beginning with the 2005 race season, Nazareth's NASCAR Busch and IRL IndyCar series events were realigned to ISC's Watkins Glen International.

Upon closing the transaction, ISC expects to record an after-tax gain from discontinued operations of approximately $6 to $7 million, or 11 to 13 cents per diluted share after tax.

Closing of the transaction is expected no later than November 30, and is contingent upon, among other items, Brookside's right to terminate the agreement if it determines that timely and financially reasonable governmental approval of its proposed redevelopment of the real property is either unlikely or not feasible.

For more information about ISC, go to: www.iscmotorsports.com.

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