Watkins Glen II: Aasco Motorsports preview

New Century Entries Compete in Four Glen Races
Company President Goes for First Rolex Series Podium

WATKINS GLEN, NY., August 9, 2005 -- Pat Flanagan (Aliso Viejo, Calif.) has long been a racer. He grew-up in a family of racers but big business called the young Midwesterner, now living in California, away from the sport. As the president of New Century Mortgage, Flanagan knew the benefits of marketing through motorsports and moved his company in that direction. Now, New Century is making company history as it, and sister company HOME 123, of which Flanagan is CEO, will sponsor entries in four divisions of the three major races to be held this weekend at Watkins Glen International in upstate New York. With the Grand American Rolex Sports Car Series joining the NASCAR NEXTEL Cup and NASCAR Busch Grand National divisions on the 2.45-mile "short course" at the historic track, Flanagan will also slide back behind the wheel of the Aasco Motorsports-prepared No. 26 New Century Mortgage Porsche 911 GT3 Cup in the 200-mile/ two hour event to be held on Friday, August 12th. He will join Patrick Long (Las Vegas, Nev.) in the white, gold and green Porsche for the fourth-time this season in the GT class of the Rolex Series.

The CompUSA 200 at the Glen will pair Flanagan and Long together again for the first time since the June 30th night event at Daytona International Speedway (DIS), where the Series also ran with the top NASCAR series. Thus far, Flanagan and Long have shown speed but have not been able to break onto the GT class podium in the first three of the six races they plan to run this season. To date, the best finish for the combination has been fourth at their debut together at California Speedway in April. Long qualified the No. 26 third for the event, the team's best start of the season. They finished 26th at Mazda Raceway Laguna Seca after an incident took them out early. 12th was the result for the Dennis Aase-owned team at Daytona following damage to the Porsche. The flowing, natural terrain of the Watkins Glen circuit should prove to be a strong course for the two Irish descendants.

New Century Mortgage will use the Rolex Series to gain the lion's share of its exposure this weekend with the Aasco-entry in the GT class and the No. 02 Daytona Prototype of Chip Ganassi with Felix Sabates in the faster Daytona Prototype (DP) class. Home 123 will focus on the NASCAR divisions for attention as they back two more Ganassi entries with the No. 41 Busch Grand National stock car of Reed Sorenson racing on Saturday and the NEXTEL Cup No. 42 of Jamie McMurray headlining on Sunday.

The CompUSA 200 at the Glen can be seen on SPEED Channel at 10 PM (EDT) on Friday evening. Live coverage of the event, via timing and scoring, can be found at www.GrandAmerican.com.

Pat Flanagan:

About New Century's major involvement in each race being run this weekend at Watkins Glen: "It is going to be a big weekend for the New Century Mortgage teams. We will be racing the New Century Mortgage / Aasco Performance GT3 Cup car in GT, the New Century Mortgage Daytona Prototype will be there and in Busch and NEXTEL Cup, our other brand, HOME 123 will be primary sponsor for Reed Sorenson's [No.] 41-car in Busch and the 42-car of Jamie McMurray in Cup. It is a very exciting weekend for the company and shows our commitment to motorsports. It also demonstrates exactly where we feel our best method to reach our clients, and potential clients, exists. We would not be investing in the sport if we didn't see a direct response to our involvement."

About the No. 26 New Century Mortgage Porsche: "We are looking forward to the race. The short course at Watkins Glen will be very busy and very fast. As is getting to be the norm in Grand American racing, dealing with traffic and running clean will be the key to a successful race. With the team not participating in last weekend's race, Dennis [Aase] and the guys have had time to make sure we are well prepared for the weekend. Anytime you have a Dennis Aase-prepared car and can hand over the wheel to Patrick Long, you have a great shot at a podium finish."

For more, please visit www.AascoMotorsports.com.

To learn more about New Century Mortgage, please log on to www.NewCentury.com.

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