ADI Announces The Acquisition Of The Diagnostic Testing Division of Andy Petree Racing

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ADI Announces The Acquisition Of The Diagnostic Testing Division of Andy Petree Racing

Concord, North Carolina
May 14, 2007

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Accelerating Developments International, LLC (ADI) announced today the acquisition of the diagnostic testing division of Andy Petree Racing, Inc. (APR). APR has been at the forefront of designing, developing and servicing diagnostic equipment for the automotive and motorsports industry for the past seven years. Effective immediately, ADI will be responsible for all design upgrades, construction, sales and servicing of the APR rigs.

“We’re very excited about this new joint venture” said Andy Petree. “As the motorsports industry continues to evolve, it’s important to be part of a team that can provide solutions with winning technology. I really enjoy being involved with the development of new technology and with this new partnership; I can stay involved to an even greater degree utilizing all the resources available at ADI”. ADI is pleased to announce that Andy Petree has joined ADI as a member of the Board of Directors and will continue to be instrumental in the future development of all ADI products. Jeff Swan, a long-time technician working with Andy also joins ADI as a key member of the team.