See Dale Earnhardt action figures on display at the 2002 Model & Hobby Expo.

According to Peter Henseler, President of Racing Champions Ertl, the Company is the first to produce highly detailed Dale Earnhardt articulated hunting figures. "We're delighted to be working with Dale Earnhardt, Inc. to create this Dale Earnhardt Outdoor Sportsman line," he said. "There are an estimated 75 million NASCAR fans in the U.S. today, and some 77 million Americans who actively enjoy the great outdoors, and we're excited to bring both these worlds together. It's a powerful combination, and we look forward to introducing these Dale Earnhardt figures to a huge new audience."

The Outdoor Sportsman line, which was launched in 2001, showcases all aspects of outdoor sports -- figures, vehicles, clothing, and equipment -- and features high-profile personalities and brands associated with outdoor sports and adventure. The Company is marketing the Earnhardt figures nationally through hobby and sporting goods retailers and is making initial shipments during the forth quarter of 2002.

"We're very pleased that Racing Champions Ertl chose to honor Dale's
passion for hunting through their Outdoor Sportsman product," said Joe Hedrick, Vice President of Licensing for Dale Earnhardt, Inc., "Given that the fans of Dale Earnhardt are well aware that he was just as serious about hunting as he was about winning on the race track, this product will be a great addition to every Dale Earnhardt fan's collection."

Racing Champions Ertl (http://www.rcertl.com) is a leading producer and marketer of innovative collectibles and toys targeted at males of all ages. The Company's diverse product offerings include scaled die-cast replicas of John Deere agricultural equipment and NASCAR stock cars, other licensed vehicle replicas, pre-teen toys, sports trading cards, racing apparel and souvenirs, and collectible figures. These products are sold under the Company's market-focused brand names, including Racing Champions(R), Ertl(R), Ertl Collectibles(R), American Muscle(TM), AMT(R), W. Britain(R), Press Pass(R), and JoyRide Studios(TM). The Company reinforces its brands and enhances the authenticity of its products by linking them with highly recognized licensed properties including NASCAR, NHRA, John Deere, Harley-Davidson, Case IH, Polaris, Honda, Caterpillar, Ford, GM, Chrysler, Texaco, Warner Brothers, Gullane Entertainment, Nintendo, Sega, and Electronic Arts. The Company's products are marketed through multiple channels of distribution, including mass retailers and specialty and hobby wholesalers and retailers, OEM dealers, and to corporate accounts for promotional purposes. The Company sells through more than 20,000 retail outlets located in North America, Europe, and Asia Pacific.

Certain statements contained in this release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as "anticipate," "believe," "could," "expect," "intend," "may," "planned," "potential," "should," "will" and "would." Such forward-looking statements are inherently subject to known and unknown risks and uncertainties. Such uncertainties and other operational matters are discussed further in the Company's quarterly and annual filings with the Securities and Exchange Commission. The Company's actual results and future developments could differ materially from the results or developments expressed in, or implied by, these forward-looking statements. The Company undertakes no obligation to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release.