Press Pass® Secures Major League Baseball License

April 11, 2003 Charlotte, N.C. - Racing Champions/Press Pass has teamed up with Major League Baseball and General Motors to produce a line of upscale Corvette® replicas that commemorate eight of baseball's greatest World Series ChampionsTM. Each 1:18 scale diecast is highly detailed and features opening doors and hood, steerable front wheels, authentic interior, team and World Series logos, team-decorated toolbox, and a black stand.

"We are excited to bring Corvette collectors and Major League Baseball fans a truly unique program. Each of the eight World Series Champion teams are paired with the Corvette from the corresponding year," said Tom Farrell, Director of Marketing for Press Pass, a division of Racing Champions (NASDAQ: RCRC). "The program launches in mid-April commemorating the 1953 New York Yankees and 2002 Anaheim Angels."

Marketed under the American Muscle Sports brand name, the remainder of the lineup is as follows: 1954 New York Giants and 1986 New York Mets (May release), 1961 New York Yankees and 1968 Detroit Tigers (June release), and 1963 Los Angeles Dodgers and 1967 St. Louis Cardinals (July release). Each diecast replica is serially numbered out of 5,000. Additionally, special silver chrome editions numbered to 500 have been randomly inserted. The Corvette World Series diecast are available at hobby and specialty retailers as well as the MLB Shop at MLB.com.

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.