Dray Steps Down as JT Racing CEO

February 20, 2012

Dear friends and colleagues,

Effective today I am resigning my position as CEO of the NEW JT Racing.
As founder and team leader of the JT Racing project over the past 3-plus years, I am
blessed to have had the opportunity to accomplish my dream of successfully ushering
an iconic American brand’s rebirth back into the global marketplace.

Before opening new chapters in both my personal and professional life I wish to say
“Thank You” to all those who helped bring my dream to life: the JT Racing Legends,
my design team, the manufacturers, members of the media and especially to John
and Rita Gregory who believed in me.

Lastly, I pass the baton to Gene Gershman who has been appointed as JT Racing’s
president.

I will miss you all,
David Dray

LSD Industries, LLC dba JT Racing 9801 South La Cienega Avenue, Suite 101, Inglewood CA 90301
Tel : 310-410-4005 / Fax : 310-410-4006 www.JTRacingUSA.com