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| June 29, 2010 News |
| Industry News: Impact Racing - A Message from Bill Simpson |
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The following is a statement released by Bill Simpson of Impact Racing
I have read the recent press release released by SFI Foundation (June 21, 2010) and found it full of legal jargon and missing a few major points I’d like the racing community to know. In siding with Impact in our prelimary injunction against SFI’s intended cancelling of our contract with them last week, the court considered many facts that haven’t been officially released at this point.
SFI continues to reference incidents that occured in the years of 2007 and 2008. This is a period when I was personally not involved with day-to-day operations of the company and had left many matters to my management team at the time. Upon the recent issues we’ve had with SFI over the past year and my returning to the business full-time again because of such, we’ve investigated these issues and found that there were significant problems caused by that management team (which has since been fired) that have obviously jeopardized Impact greatly and caused confusion and headaches for all of our valued customers and the motorsports world. We’ve presented evidence of this to the court in this latest hearing and are conducting even further investigation into the matter and will hopefully someday be able to let the motorsports community know the entire story behind this mess.
Since I have been back and am involved 100% with the company again (since January of 2009) I can attest we are making the highest-quality safety equipment and that we are following all certification standards by all of the certifying bodies we work with. I am actively involved with my new management team here at both our headquarters and our production facility and can confidently say that what we are producing exceeds most standards.
The judge in our recent case in the United States District Court, Southern District of Indiana, concurred with Impact that SFI could not cancel our contract at this time pending SFI providing Impact with a fair hearing. |
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