BUSCH: Paysor named general manager of RWI Racing

Richard Paysor Named General Manager of RWI Racing Operation

MOORESVILLE, N.C. (Jan. 7) - Richard Paysor has been named General Manager of RWI Racing, effective immediately.

"Dick Paysor has been with me for almost 20 years in one capacity or another and he has one of the greatest business minds in racing," said Rusty Wallace, NASCAR champion and owner of the team that will field Miller High Life/Top Flite Dodges in NASCAR Busch Series competition this season for drivers Jamie McMurray and Jeremy Mayfield. "Dick is well-known in all the racing circles and he will be a key leader in moving our young team to the top."

"I'm honored that Rusty has the confidence in me to put me in this position," said Paysor, who will also continue to serve as Vice President and CEO for Rusty Wallace Inc. "We only started our team last year and to have already taken a number of top-10s, top-fives a win and a pole certainly illustrates the potential we have at RWI Racing. With the great support we've lined up from Miller High Life and Top Flite Golf Company for the 2005 season, we look for our team to be a factor in every race. I'm really looking forward to this new challenge."

Paysor, a Lorain, Ohio native, has 30 years of business experience. After eight years with a "Big 8" CPA firm and a lengthy stint as a V.P. of Governmental Affairs at a multinational Fortune 500 company, he was heading his own investment banking company in St. Louis when he joined Wallace as a personal business manager. In his position at Rusty Wallace Inc., Paysor oversees all licensing issues of the company, as well as administering all of Wallace's racing-related and personal business ventures.

Paysor and wife, Stella, have six children and 12 grandchildren. They reside in Mooresville, N.C.

-rwi-