CGR announces Mears' 2006 sponsor

Home123 to Sponsor Fourth Chip Ganassi Racing with Felix Sabates Cup Entry in '06 Home Mortgage Lender Selects Casey Mears as its Driver CONCORD, N.C. (Aug. 12, 2005) -- Home123 Corporation, a subsidiary of New Century Financial Corporation , ...

CGR announces Mears' 2006 sponsor

Home123 to Sponsor Fourth Chip Ganassi Racing with Felix Sabates Cup Entry in '06

Home Mortgage Lender Selects Casey Mears as its Driver

CONCORD, N.C. (Aug. 12, 2005) -- Home123 Corporation, a subsidiary of New Century Financial Corporation , together with Chip Ganassi Racing with Felix Sabates (CGRFS), today announced plans to expand their partnership to sponsor a fourth NEXTEL Cup Series entry in 2006 with current CGRFS driver Casey Mears taking the helm. Mears and his Home123 Team will take to the track in 2006 in an all-out pursuit to win races and build awareness of one of America's premier providers of home mortgage loans.

Home123 Corporation, the official mortgage company of NASCAR, joined forces with CGRFS prior to the 2005 season as a major associate on both the No. 42 Texaco/Havoline Dodge driven by Jamie McMurray in the NEXTEL Cup Series and the No. 41 Discount Tire Dodge piloted by Reed Sorenson in the Busch Series. In addition to Home123's NASCAR involvement, New Century Mortgage Corporation, also a subsidiary of New Century Financial Corporation, is the primary sponsor on Chip Ganassi Racing's No. 02 Rolex GrandAm Series team with drivers Cort Wagner and Stefan Johansson.

"We're extremely pleased to announce our increased partnership with Chip Ganassi Racing with Felix Sabates and our increased presence and commitment to the sport of NASCAR and its fans," said Carl Vernon, president of Home123 Corporation. "The team has been a great partner and it understands and is focused on adding value to our investment. We've known all along we wanted Casey to drive the Home123 car and we would like to thank Target for becoming flexible enough to allow us the opportunity to have Casey as our driver. We're looking forward to being a larger part of the team effort and to supporting Casey, the Home123 team and everyone at Chip Ganassi Racing with Felix Sabates as they compete for wins and championships in 2006 and beyond."

"Home123 Corporation is a leader in its industry and a great partner for our team and for NASCAR," said team owner Chip Ganassi. "We're fortunate that we were able to provide a driver like Casey Mears to Home123. Plainly spoken, Casey is the kind of individual you want on your team. He's got tremendous talent and he's simply a good person and good teammate. We couldn't be more excited about our line-up of talent for next year and about our future with Home123."

Casey Mears has been driving for CGRFS since joining the NEXTEL Cup Series ranks in 2003. To date he has amassed two pole positions, two top-five finishes and 13 top-10 finishes in 93 starts. Prior to moving up to NASCAR's elite division, Mears cut his racing teeth competing in the NASCAR Busch Series, CART, IRL, Indy Lights Series and USAC Triple Crown, along with many other forms of motorsports.

"I'm looking forward to representing Home123 in its NASCAR sponsorship platform," said Mears. "I'm honored to be the driver Home123 wanted to drive its first full-time entry in the NEXTEL Cup Series, and our goal for next season will be to run up front consistently and win some races."

About Home123 Corporation

Headquartered in Irvine, California, Home123 Corporation and New Century Mortgage Corporation are subsidiaries of New Century Financial Corporation. New Century Financial Corporation is a real estate investment trust and the parent company of one of the nation's largest non-prime mortgage finance companies, providing first and second mortgage products to borrowers nationwide through its operating subsidiaries. New Century is committed to serving the communities in which it operates with fair and responsible lending practices. To find our more about Home123 or New Century, please visit www.Home123.com or www.ncen.com.

About Chip Ganassi Racing with Felix Sabates

Chip Ganassi Racing with Felix Sabates, based in Concord, N.C., currently operates four races teams in two of NASCAR's national touring divisions; three in the NEXTEL Cup Series with drivers Sterling Marlin, Jamie McMurray and Casey Mears and one in the Busch Series with driver Reed Sorenson.

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