Reality Racing Inc (RRGI)

[George1234]

Excerpt from position statement by Lee

The Executive Committee of Reality Racing recognizes that there have been problems we did not anticipate in the area of sponsorship/advertising solicitations, video production, edit and distribution and are taking steps each day to address and correct areas that are in need of attention. We unfortunately contracted for services with several persons/companies that were never in a position to provide the service represented. These matters have also been addressed. We feel the plan we have implemented will correct our short and long term issues with the minimum of negative impact on our Company. We take our responsibility to our shareholders, investors and the general viewing public very seriously and will continue to work hard on behalf of everyone involved on any level with Reality Racing.

Sincerely,Lee F. SchaeferPresident