Press Pass® 2002 Basketball: Rookie Chase Contest Set To Draw Winners

December 23, 2002 Charlotte, N.C - Charlotte, N.C - Eligible collectors will have an opportunity to win one of 10 complete sets of Press Pass 2002 Basketball Autographs in the Basketball Rookie Chase Contest. The inaugural Basketball Rookie Chase Contest, featured in Press Pass 2002 Basketball has come to a close with the selection of the two November Rookies of the Month. The two rookies selected from each pro conference were Drew Gooden and Caron Butler. Since Caron Butler was not featured in the Basketball Rookie Chase Contest, the two eligible entry cards are Drew Gooden's Rookie Chase card (RC 5/12) and the Field Card (RC 12/12).

The Drew Gooden and Field Rookie Chase cards can now be entered into a drawing to win one of 10 complete Press Pass 2002 Basketball Autograph sets. The strong Press Pass 2002 Basketball autograph line-up features over 40 different players, including top rookie talent, such as Yao Ming, Drew Gooden, and Jay Williams; as well as standout second and third year players such as Steve Francis and Mike Miller.

"The 2002 Basketball Rookie Chase Contest provides collectors a unique opportunity to obtain a full set of Press Pass 2002 Basketball Autographs," said Tom Farrell, director of marketing for Press Pass, a division of Racing Champions (NASDAQ:RACN). "Look for more exciting contests next year in Press Pass 2003 Basketball."

All entries must be received by January 15, 2003. Winners will be selected and notified by February 1, 2003.

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.

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