For the sixth consecutive year, SunTrust Banks, Inc. will serve as the primary sponsor for the IndyCar® Series race at Richmond International Raceway. This year, SunTrust will partner with XM Satellite Radio to showcase the SunTrust Indy Challenge Presented by XM Satellite Radio "under the lights" on Saturday, June 24, as part of the fastest weekend of racing at Richmond International Raceway.
"We are pleased to have SunTrust on board for our IndyCar Series race again this year," said track president Doug Fritz. "For the sixth consecutive year, we are proud to have such a great partner sponsor the fastest race at Richmond International Raceway. The addition of XM Satellite Radio to our IndyCar race helps us as track promoters and SunTrust as our title sponsor to reach an even wider audience."
"SunTrust prides itself on supporting the communities we serve through the sponsorship of entertainment, educational and cultural events," said Michael Newbrand, Director of Marketing for SunTrust Mid-Atlantic. "We are proud to say this is our sixth consecutive year of sponsoring the IndyCar Series race at Richmond International Raceway and we are looking forward to another thrilling weekend."
"XM is committed to broadcasting exciting racing action to our millions of subscribers across the country," said George Perry, Director of Partnership Marketing for XM Satellite Radio. "We are happy to be on board with SunTrust to bring the SunTrust Indy Challenge Presented by XM Satellite Radio to Richmond International Raceway."
The SunTrust Indy Challenge Presented by XM Satellite Radio, which features the same drivers as the Indianapolis 500, is the seventh of 14 races on the IndyCar schedule. Running at more than 170 mph on the only track shorter than one mile, Richmond International Raceway (0.75-mile) features some of the most exciting action in the series. The SunTrust Indy Challenge Presented by XM Satellite Radio is part two of a Saturday doubleheader "under the lights." The Richmond Times-Dispatch 100 USAC Silver Crown Championship Series race will run prior to the IndyCar race. The weekend starts Friday, June 23, with WRIC-TV8 Pole Qualifying for the IndyCar Series race, followed by the USAC National Sprint Car Series race.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest commercial banking organizations serving a broad range of consumer, commercial, corporate and institutional clients. As of March 31, 2006, SunTrust had total assets of $178.9 billion and total deposits of $122.0 billion.
The company operates an extensive distribution network primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia, and also serves customers in selected markets nationally.
Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries, the company provides credit cards, mortgage banking, insurance, brokerage, and capital markets services. SunTrust's Internet address is http://www.suntrust.com.
ABOUT XM SATELLITE RADIO:
XM is America's number one satellite radio company with more than 6.5 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2006 lineup includes more than 170 digital channels of choice from coast to coast: the most commercial-free music, premier sports, news, talk radio, comedy, children's and entertainment programming; and the most advanced traffic and weather information.
XM, the leader in satellite-delivered entertainment and data services for the automobile market, is available in more than 130 different vehicle models for 2006. XM's industry-leading products are available at consumer electronics retailers nationwide. XM is the official satellite radio network of the Indy Racing League, broadcasting the races throughout the season
on the IndyCar Series Racing channel (XM channel 145). XM is also the primary sponsor of Bryan Herta's IndyCar for the third consecutive year. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com.