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For Release: May 27, 2003

St. Clair, Michigan to Host Unlimited Hydroplane Exhibition June 24, 2003
Four Top Unlimited's to Test St. Clair River Before Heading to Evansville, Ind.

(Lake Hamilton, Fla.) - Hydro-Prop, Inc. announced today that the city of
St. Clair, Michigan is hosting an Unlimited Hydroplane exhibition on June
24, 2003. Four of the top Unlimited Hydroplanes including the U-1 Miss
Budweiser, U-6 Oh Boy! Oberto, U-9 Jones Racing and U-10 Miss EMCOR will
participate in the exhibition on the beautiful St. Clair River. The
exhibition is planned to gain support and media activity in order to host
an Unlimited Hydroplane race in 2004.

The Unlimited's will participate in the exhibition before heading to
Evansville, Ind. for the first race of the Budweiser Unlimited Hydroplane
Series presented by Boat Shopper® magazine. Dave Villwock, Steve David,
Michael Hanson and Mike Weber plan to attend to pilot their respective
Unlimited's and will be available to the media and fans.

The Blue Water International Hydrofest is open to the public and plans for
Unlimited Hydroplane on-water activities from 11:00 a.m. to 2:00 p.m. with
a dinner to follow that evening.

"The City of St. Clair has been actively pursuing an Unlimited Hydroplane
race and this exhibition is the first step in their efforts to gain the
community support needed to host an event," said Bart Garbrecht, CEO of
Hydro-Prop. "The city has a strong management group in charge of this
project and have been very enthusiastic about this exhibition. They will be
using this exhibition as an avenue to attract sponsors, volunteers and fans
for an Unlimited Hydroplane event in 2004."

"Since we bought the series a few years ago, it has been our goal and
intention to add race venues to the schedule," continued Garbrecht.
"Unfortunately, with the economy, our efforts to add races have been
extremely difficult. We have spent countless hours attempting to secure
additional race venues and the St. Clair exhibition is a positive step
towards adding a race next season. We are continuously working behind the
scenes and hopefully will be able to announce more events in the near future."

"The Unlimited Hydroplane series is well known throughout North America and
especially in Michigan," said St. Clair City Manager Pat Sullivan. "St.
Clair is honored to have an opportunity to host these powerful boats and
their fans and our Canadian neighbors are very excited about this
international Unlimited Hydroplane event. The history of Unlimited
Hydroplane racing is well entrenched in this area and we look to expand
that fan base with a superior event in St. Clair. We think we will have the
infrastructure, volunteers and community leadership in place to handle the
series and look forward to this exciting opportunity."

Located less than an hour's drive north of Metro Detroit, the City of St.
Clair is rich in history and small town charm. St. Clair is the home to
many industries, including Cargill Salt, one of the world's leading salt
producers and several major state-of-the-art plastic manufacturing
companies, and many more. St. Clair is proud of its maritime heritage and
connection to the St. Clair River, one of the busiest commercial waterways
in the world. Palmer Park with nearly 1,800 feet of park and boardwalk on
the River will make an ideal setting for this race.

Headquartered in Lake Hamilton, Fla., HYDRO-PROP owns and operates the
Budweiser Unlimited Hydroplane Series Presented by Boat Shopper® magazine.
Unlimited Hydroplanes are the most dramatic, exciting, and spectacular
racing vehicles in the world. They are the largest and fastest racing boats
reaching top speeds of 220 miles per hour and can cover the length of a
football field in less than one second. HYDRO-PROP events are held
throughout North America and are televised during prime time on SPEED
Channel. SPEED Channel is the fastest growing sports network in America
and is recognized as America's motorsports leader. For more information on
HYDRO-PROP, visit www.hydroprop.com.