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             Tim 
              Slade Racing announces temporary withdrawal from F3 competition. 
            
             ADELAIDE 
              (Monday, May 9th 2005.) The following is a statement from Tim Slade 
              Racing, who today has been forced to announce their withdrawal from 
              the 2005 Kumho Tyres Australian Formula 3 championship  and 
              their partnership with Adelaide based Team BRM - for at least the 
              immediate future.  
              
            Unfortunately, 
              we have been forced to withdraw at this early stage of the season 
              due to funding not materialising in time for us to commit to the 
              remainder of the season. 
              
            Tim 
              Slade Racing and Tim Slade are dedicated to achieving success and 
              will not compromise this with an under funded campaign. 
               
               
               
               
               
              
            We 
              have been working hard within the team to make this an entirely 
              South Australian campaign. Its a disappointment to the team 
              that we not been able to secure the necessary Corporate Support 
              in our home state. 
              
            TSR 
              will however continue with its fundraising to get Tim back on track 
              as soon as possible, details of the Brian Cadd function 
              and a Sports mans night featuring a number of motor sport legends 
              will be released soon. 
              
            Also 
              if you have tried some of the TSRwine.com Quality Cleanskins please 
              place your order for more, if you havent now is the time to 
              try them and help Tim get back on track. 
              
            We 
              know in Tim Slade that we have one of the most talented and promising 
              young drivers in South Australia - and Australia - today. We are 
              confident that the future holds great things for Tim and we are 
              committed to giving him the best possible chance to achieve the 
              kind of results he deserves. 
              
            Tim 
              Slade Racing would like to publicly acknowledge the support of all 
              who have assisted and sponsored the team over the course of the 
              season to date, including Adelaide Ice Service, Revolution Racegear, 
              Gawler Farm Machinery and team BRM.  
              
            Please 
              help us in overcoming our current problems by supporting our upcoming 
              functions and TSRwine, if you can assist with Corporate Support 
              or may know someone who can, please contact the team via their website 
              at www.tsrwine.com. 
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