SNAPON.COM SPONSORS STARS OF TOMORROW IN THREE YEAR DEAL KENOSHA, WI - Committed to helping karting teams pursue excellence in their sport, Snapon.com and Champ Car Stars of Tomorrow have announced a three-year relationship, with Snapon.com sponsoring the Champ Car 'Stars of Tomorrow' racing series through 2005. "We are pleased to take our sponsorship of the 'Stars of Tomorrow' series to the next level as title sponsor, and we look forward to an extended relationship with the Stars organization," said Carl Johanson, Snap-on manager of motorsports. "The demographic of the racers, technicians and fans in karting provides an ideal way for us to continue to support our existing customers, and to introduce new customers to the quality and value of the Snap-onŽ brand." Snapon.com, which also sponsored the Stars of Tomorrow Series in 2002, recognizes the importance of supporting top-level kart racing, and is proud to promote this exciting, fast-growing, family sport. "This amount of support is unprecedented, and the length of this sponsorship provides stability so that we can focus on taking karting to new heights," said Bryan Herta, Stars founder. "We're very happy to have Snap-on renew its commitment to us over the next three years." The Champ Car 'Stars of Tomorrow' karting series is the official first level in CART's driver development system and an officially sanctioned series of WKA/SCCA Pro Racing. Founded by racing star Bryan Herta and now owned in conjunction with a group of racing veterans, including three-time CART champion and Indy 500 winner Bobby Rahal, the Stars of Tomorrow serves as the first step for the CART driver development ladder. Stars focuses on recognizing the skills of the drivers rather than the technology development within the machines, using FIA/CIK International standards. More information can be found at www.cartstars.com. Snap-on Incorporated is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users. Product lines include hand tools, power tools, automotive diagnostics and shop equipment, tool storage products, automotive diagnostics software and other solutions for the transportation service, industrial, government, education, agricultural, and other commercial applications, including construction and electrical. Products are sold through its franchise dealer van, company direct sales and distributor and Internet channels. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin and employs approximately 14,000 worldwide. More information can be found at www.snap-on.com.