OLSON SPRAYS CHAMPAGNE ONCE AGAIN FROM TAIWAN PODIUM

FOR IMMEDIATE RELEASE

November 12, 2006

Long Tan Circuit, Taiwan–

American racer Pete Olson’s competition in Taiwan has been characterized as overly-aggressive, ‘first turn takes all’ and plagued by engine failures and other mishaps throughout the season in true Kimi Raikkonen style. However, today, once again Olson gave his fans something to cheer about as he qualified just 0.12 seconds off pole and brought home a podium finish at his team’s home track in Long Tan, Taipei.

“This season has been full of a lot of frustration, and it’s nice to be on the podium again” said Olson, in typical understatement.

However, Olson made ‘clean’ starts in the first two ‘heat’ races of the day only to virtually slam another competitor almost off the track in the final ‘main’ race, in his quest for another trophy and further glory.

“That guy finished more than seven seconds behind me in the previous race” said Olson. “I don’t sit behind slow drivers. He had no business being in front of me” said Olson.

This is what can only be called a serious contradiction to some of his previous statements about what the American racer has complained about as the ‘over-aggressive racing of the other drivers’.

However, today Olson returned to his apartment in Panchiao with a large gold trophy and all the glory that comes with it.

“I’m just glad the season finished on a good note, and I’m really looking forward to Toronto” said Olson.

Olson will be attending the highly-regarded professional Bridgestone Racing Formula 2000 racing program for 8 intensive months of formula car racing training in Toronto in March, and has no intention of looking back.

“Taiwan has been some good fun, some good times, but in hindsight, not a good career choice” said Olson. “I am looking forward to Canada and other hardcore racing, and getting back on the ‘fast track’, so to speak” said Olson.

We wish him the best of luck in the famous Bridgestone MTRP Formula 2000 Championship Series at Mosport International Raceway starting in March, and the Mosport MKC karting series, an incredibly intensive combined schedule of more than 30 races in 8 months.

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For more information contact:

Christian Children’s Fund

Media Relations Contact Agent for Pete Olson:

Jennifer Harter

JHarter@CCFUSA.ORG

Communications Associate

Christian Children’s Fund

2821 Emerywood Parkway

Richmond, VA 23294

(804)756-8994

Peter Olson

Olson Motorsports, LLC

Taipei, Taiwan R.O.C.

Tel: + 886 9 3567 8609

Email: Pete@PeteOlson.com

Website: http://www.peteolson.com/