Formula DRIFT Round 4: High Stakes;

Toshiki Yoshioka Takes Win at the Las Vegas Motor Speedway

Long Beach, Calif. – July 15, 2008 – Formula DRIFT entered Las Vegas Motor Speedway for the first time for Round 4: High Stakes and rookie Toshiki Yoshioka took home the victory. This event also marked the 2^nd event of the Tires.com Triple Crown bonus prize with Rhys Millen holding the lead over teammate Daijiro Yoshihara.

Entering Las Vegas Motor Speedway for the first time the Formula DRIFT Championship came back to the West Coast. The course became the fastest on the circuit with multiple drivers topping the high 90 mph range with their initial drift through the challenging track. The competition was as tough as ever with many new faces and vehicles entering the competition.

The event showcased one of the most diverse fields in Formula DRIFT history with the world’s best drivers from around the world participating at the event. Drivers such as Toshiki Yoshioka from Japan, Christian Pickering from Australia, JT Wharerau from New Zealand, and world renowned Japanese champion Manabu Orido made his Formula DRIFT debut. Japan came out on top with both Daijiro Yoshihara in his Bridgestone / RMR Pontiac Solstice GXP and Toshiki Yoshioka in his ASpec / Works Bell Toyota Sprinter Trueno making it to the finals. After a hard fought battle, Formula DRIFT rookie, Toshiki Yoshioka took home top honors in only his 2^nd Formula DRIFT appearance.

“The diversity of the series was proven with drivers coming from around the world to compete in Formula DRIFT competition,” said Jim Liaw, President and Co-founder of Formula DRIFT. “You never know who will come out on top as proven with 3 Toyota Corollas making it to the head to head round and upsetting some of the higher horsepower vehicles.”

At the halfway point of the season the competition for the Castrol SYNTEC Power Cup is as tight as ever with 2007 Formula DRIFT Champion Tanner Foust and his Rockstar / AEM Nissan 350Z leading the way and with less than 15 points separating Foust from 2-time Formula DRIFT champion Samuel Hubinette in his Nuformz Racing / Mopar Dodge Viper SRT10 in 2^nd place and contender Daijiro Yoshihara in his Bridgestone / RMR Pontiac GTO following in 3^rd, it will be a hard fought battle to the end. This event also marked the 2^nd event for the Tires.com Triple Crown bonus prize and previous winner Rhys Millen leads the way by 4 points over teammate Daijiro Yoshihara. Formula DRIFT action continues on August 9 at the Evergreen Speedway in Monroe, WA.

Formula DRIFT Announces Red Bull Drifting World Championship;

World’s Best Drifters to Compete for Largest Drifting Prize Purse

LONG BEACH, Calif. – July 11, 2008 – Formula DRIFT, North America’s premier drifting Sanctioning Body, has partnered with Red Bull Energy Drink, the world’s leading energy drink, to create one of the world’s most anticipated drifting events ever – the Red Bull Drifting World Championship. The event, which will feature 32 of the world’s best drifters, will be held on the docks at the Port of Long Beach, Calif., on Saturday, November 15, 2008.

The Red Bull Drifting World Championship will bring the best drifting drivers in the world together to compete in a single historic event. Drivers from the United States, Japan, Australia, New Zealand, Malaysia, Singapore, Europe and Canada will participate, but only one will claim the title of Red Bull Drifting World Champion. Current and past champions from the world’s top professional drifting series will receive an exclusive invitation to showcase their skills and compete for the largest drifting prize purse ever offered.

“Formula DRIFT has worked over the last five years to bring the drifting world closer together via our partnered events in Singapore and Mexico as well as our open door/open dialogue with the top professional drifting leagues from each corner of the world. We are excited to be able to team up with Red Bull to bring the world together and stage the toughest competition with the best drivers,” stated Jim Liaw, President/Co-Founder of Formula DRIFT.

The purpose-built course will include unprecedented features that will test the limits of the drivers and their cars such as a long straight to ensure triple-digit entry speeds, a big, sweeping first turn for high-speed drifting and multiple, technically challenging turns. Trackside viewing areas will allow spectators to get up close and personal with the competition.

“It is an exciting time for the sport of drifting. Red Bull is the leader for innovative sporting events worldwide and now drivers will be challenged like never before in a completely different environment than we’re used to,” said Rhys Millen, 2005 Formula DRIFT champion. “I’m proud to be flying the Red Bull colors heading into the Red Bull Drifting World Championship.”

Formula DRIFT, North America’s professional drifting championship series, will play the role of organizer, co-promoter, and sanctioning body for the World Championship event. Judging will be based on current Formula DRIFT rules and regulations with the possible addition of two international judges.

More information will be disclosed at a later date including brand and media partners and participating drivers.