Reed to Race 2003 Maxxis U.S. Open

“I’ve Got to Win Something; I’m tired of Getting Beat, so I Want to Win the U.S. Open”

LAS VEGAS (September 16, 2003) – Clear Channel Entertainment’s Motor Sports division announced today that Yamaha’s Chad Reed has officially entered to race the 2003 Maxxis U.S. Open at the MGM Grand Garden Arena October 10-12.

Reed, the winner of the 2002 125cc Eastern Regional AMA Supercross Series championship and the 2003 THQ World Supercross GP championship, has emerged as one of the best 250cc riders in the world. In addition, he finished second in the AMA Supercross Series. Last year, Reed beat three-time supercross champion Ricky Carmichael eight times, including a six-race win streak late in the season.

“This is a race that I like to do,” said Reed. “I did it last year and had fun. It is like the tracks in Australia, so I feel really comfortable on the tighter, more technical layout. The winner gets $100,000 that’s a lot of money. A lot of stuff happens at this race.”

According to his agent, Bob Moore, he is foregoing the Motocross des Nations to prepare for the Maxxis U.S. Open. In a conversation with Moore, Reed said: “Man, Bob, I’ve got to win something; I’m tired of getting beat, so I want to win the U.S. Open!”

In his debut at the Maxxis U.S. Open in 2002, Reed challenged Carmichael and LaRocco during the two days of competition, finishing a solid fourth place, with a second place finish on Friday night.

The Maxxis U.S. Open, founded in 1998 is an invitation-only motocross race held at the MGM Grand Garden Arena, featuring the world’s top supercross/motocross racers competing for $300,000 – the single largest payout in motorcycle racing. In addition to the premier open class of racing, the Maxxis U.S. Open also offers a variety of racing including minicycles and KTM Junior Supercross Challenge racing. Past winners include: Damon Huffman (’98); Jeff Emig (’99); Ricky Carmichael (’00&’01); Mike LaRocco (’02).

Tickets for the sixth annual Maxxis U.S. Open presented by Thor/Parts Unlimited on October 10-11, and the Amateur Arenacross World Finals, which will be held at the MGM Grand on Sunday, October 12, 2003, are currently on-sale through the MGM Grand box office and Ticketmaster.com or by phone at 702-479-4000. Fans can also purchase tickets at Las Vegas Motorsports, Honda/Kawasaki of Las Vegas, World Motorcycles and Motorcycle City. For more information, log on to www.ussx.com. The Maxxis U.S. Open is sanctioned by AMA Pro Racing.

About Clear Channel Entertainment

Clear Channel Entertainment, the world’s largest producer and marketer of live entertainment events, is a subsidiary of Clear Channel Worldwide (NYSE: CCU), a global leader in the out-of-home advertising industry. Clear Channel Entertainment currently owns, operates and/or exclusively books 135 live entertainment venues, including 44 amphitheaters in the U.S. and 28 venues in Europe. Each year, more than 62 million people attend approximately 26,000 events promoted and/or produced by the company, including: Live music events; Broadway, West End and touring theatrical shows; family entertainment shows; and specialized sports and motor sports shows.

In addition, Clear Channel Entertainment owns leading talent management businesses that specialize in the representation of athletes and broadcasters, including independently operated baseball, basketball and football businesses. Clear Channel Entertainment is headquartered in New York City.

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. Nearly 2 million race fans attended AMA Pro Racing events during the 2002 season. For more information about AMA Pro Racing, visit www.amaproracing.com.