Jay Williams to Sign at Press Pass® Booth at The National in Chicago

July 23, 2002 - Charlotte, NC - Jay Williams from Duke University, overall #2 pick in the recent draft, will sign special Press Pass autograph cards at the Racing Champions/Press Pass booth at the National Sports Collectors Convention in Chicago. On Friday, August 9th from 12:30p- 2:30p, Chicago's top pick will sign exclusive Press Pass autograph cards for collectors who purchase a box of 2002 Press Pass Basketball cards from a dealer exhibiting at the show. Collectors can exchange their 24 empty wrappers for an autograph coupon to be redeemed at the Press Pass booth during Jay Williams' appearance. Each autograph card will have a special National Sports Collectors Convention foil-stamped logo. A total of up to 500 cards will be available.

"Press Pass is excited about having Jay at The National," said Tom Farrell, director of marketing for Press Pass, a division of Racing Champions (NASDAQ: RACN). "Through our draft pick trading card products we strive to bring fans and collectors closer to their favorite athletes via game-used memorabilia cards and autographs. Jay's appearance is a natural extension of that objective." The 23rd National Sports Collectors Convention runs from Thursday, August 8th through Sunday, August 11th at the Donald E. Stephens Center in Rosemont, IL. 2002 Press Pass Basketball releases August 2nd and contains more autographs and game-used jersey cards than in any previous Press Pass Basketball draft pick product.

Racing Champions (www.rcertl.com) is a leading producer and marketer of innovative collectibles and toys targeted at males of all ages. The Company's diverse product offering includes scaled die-cast replicas of John Deere agricultural equipment and NASCAR stock cars, other licensed vehicle replicas, pre-teen toys, sports trading cards, racing apparel and souvenirs, and collectible figures. These products are sold under the Company's market-focused brand names, including Racing Champions®, Ertl®, Ertl Collectibles®, American Muscle™, AMT®, W. Britain®, Press Pass® and JoyRide Studios™. The Company reinforces its brands and enhances the authenticity of our products by linking them with highly recognized licensed properties including NASCAR, NHRA, John Deere, Case IH, Polaris, Honda, Caterpillar, Ford, GM, Chrysler, Texaco, Warner Brothers, Gullane Entertainment, Nintendo, Sega and Electronic Arts. The
Company's products are marketed through multiple channels of distribution, including mass retailers and specialty and
hobby wholesalers and retailers, OEM dealers and to corporate accounts for promotional purposes. The Company sells through more than 20,000 retail outlets located in North America, Europe and Asia Pacific.