Chad Reed Confirms Participation in the 2004 Maxxis U.S. Open

Reigning U.S. Open Champion to Defend his Title at the MGM Grand Garden Arena

AURORA, Ill. (August 4, 2004) – Clear Channel Entertainment’s Motor Sports division announced today that Yamaha’s Chad Reed, of Dade City, Fla., entered the starting grid for the seventh-annual Maxxis U.S. Open at the MGM Grand Garden Arena in Las Vegas October 8 & 9.

Reed, 22, earned his first Maxxis U.S. Open championship in 2003, winning both nights of racing while clinching the championship in front of a sold-out Saturday night crowd. The Australia-native won the THQ World Supercross GP championship in 2003 and captured the THQ AMA Supercross Series championship in 2004. Reed is the only rider who has had recent success beating supercross standout Ricky Carmichael. In 2003, he won nine main events, including a six-race win streak over Carmichael at the end of the season.

“I couldn’t be more excited to race against Carmichael and the rest of the field at the MGM, said Reed. “I have been looking forward to racing against him (Carmichael) since the start of the supercross season. He’s one of the most talented riders out there, and I know I am going to be on it that weekend.

In addition to defending Maxxis U.S. Open champion and current THQ AMA Supercross Series champion Chad Reed, other invited riders for the seventh-annual Maxxis U.S. Open include all-time AMA national championship holder Ricky Carmichael, action sports superstar Travis Pastrana and up-and-coming superstar and reigning 125cc Eastern Regional THQ AMA Supercross Series champion James Stewart. Veteran Mike LaRocco, who won the 2002 U.S. Open, has also been invited to compete in this prestigious event.

Fans can purchase tickets at the MGM Grand Garden Arena box office, www.ussx.com and www.ticketmaster.com. For more information on the Maxxis U.S. Open, log on to: www.ussx.com.

About Clear Channel Entertainment

Clear Channel Entertainment, a leading producer and marketer of live entertainment events is a subsidiary of Clear Channel Communications (NYSE: CCU), a global leader in the away-from-home advertising industry. Clear Channel Entertainment currently owns, operates and/or exclusively books approximately 130 live entertainment venues, including nearly 100 in North America and more than 30 in Europe. In 2003, 69 million people attended approximately 32,000 events promoted and/or produced by the company, including live music events; Broadway, West End and touring theatrical shows; family entertainment shows; museum exhibitions, and specialized sports and motor sports events. In addition, the company’s independently operated athlete representation business, SFX, provides management, marketing and financial consulting services to many of the world’s top professional athletes. Clear Channel Entertainment also provides marketing services through LIVE Channel, a company dedicated to creating and executing live events for companies seeking brand promotion. Clear Channel Entertainment operates throughout North America, Europe, and Australia. More information may be found by visiting www.cc.com and www.clearchannel.com.

About AMA Pro Racing

AMA Pro Racing is the leading sanctioning body for motorcycle sport in the United States. Its properties include the AMA Supercross Series, the AMA Chevy Trucks U.S. Motocross Championship, the AMA Chevy Trucks U.S. Superbike Championship, the AMA Progressive Insurance U.S. Flat Track Championship and the AMA Red Bull Supermoto Championship. For more information about AMA Pro Racing, visit www.amaproracing.com.