Best Buy

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STATEMENT FROM RICHARD PETTY MOTORSPORTS
REGARDING THE BEST BUY SPONSORSHIP

Concord, N.C. (Dec. 20, 2011) – “We have had a successful and rewarding relationship with Best Buy for the past few years and appreciate all they have done for us,” stated Richard Petty, co-owner of Richard Petty Motorsports. “Although it is very disappointing that Best Buy is changing directions at this late date, we wish all of our friends there the best in their future endeavors.

“Our plan has always been to run a two-car team in the NASCAR Sprint Cup Series in 2012 and we are continuing down that path,” said Petty. “We have several partners that remain committed to the No. 43 team. We will move forward and explore all of our options in regard to the No. 43 program in the coming weeks.”

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Minneapolis, Dec. 20, 2011 – Best Buy Co., Inc. (NYSE: BBY) today announced a new sponsorship deal for the 2012 NASCAR Sprint Cup Series Season. Best Buy will serve as primary sponsor of the Matt Kenseth No. 17 Ford for nine races and Carl Edwards’ No. 99 Ford for two races. In addition, Best Buy will serve as associate sponsor for each.

“Best Buy is thrilled to announce this new NASCAR sponsorship deal with Roush Fenway Racing,” said Drew Panayiotou, senior vice president of marketing for Best Buy. “Roush Fenway Racing is a great fit for Best Buy Racing. NASCAR continues to be a relevant way for us to connect with our customers. Our goal is to reach our target audiences in a meaningful way, while maximizing the value of our marketing and sponsorship investments.”

Continue reading “Best Buy Partners With Roush Fenway Racing”