Panoz Makes History With Abruzzi 'Spirit of Le Mans'

One-of-a-kind delivery experience for latest Panoz road-going marvel

LE MANS, France, June 9, 2010 - Don Panoz again has captured the Spirit of Le Mans. This time, one of the
world's most forward-thinking entrepreneurs is pairing his newest automotive
masterpiece with the legacy of the world's greatest auto race. The Panoz
Abruzzi "Spirit of Le Mans" broke cover today at the Circuit de La Sarthe, an
appropriate venue for the world debut of a ground-breaking automobile with a
very appropriate delivery and acquisition program for its customers.

(Photo: photos.prnewswire.com/prnh/20100608/CL17387 )

(Photo: www.newscom.com/cgi-bin/prnh/20100608/CL17387 )

"This is culmination of equal parts time, effort and dreams," said Panoz,
founder of the Panoz Motor Sports Group. "The Panoz brand always has prided
itself on hand-building and delivering an exotic automobile and experience to
our customers. Our new offering takes this to a completely new level."

The Abruzzi "Spirit of Le Mans" is more than a technological masterpiece
from Panoz Auto Development (PAD), based in Hoschton, Ga. It represents a new
chapter in automotive production and delivery, tied into the world's most
demanding auto race.

The super sports car will be offered as a strictly limited edition. Only
81 Abruzzi "Spirit of Le Mans" vehicles will ever be produced, corresponding
to the number of Le Mans 24 Hour contests between the inception of the race
in 1923 and the race to be held in 2013.

Abruzzi: The Car

The hand-built Abruzzi "Spirit of Le Mans" is a unique, front-engine,
rear-transaxle and rear-radiator super sports car - road-legal in Europe and
many countries of Asia, the Middle East and South America. The powertrain
will deliver 600-plus HP with 590 ft.-lbs. of torque. Advanced design and
aerodynamics offer astounding downforce and road-holding.

Performance is just one facet that sets the Abruzzi apart from other
exotics. It also breaks new ground in environmental design and construction
starting with the unprecedented implementation of the R.E.A.M.S.(R) -
Recyclable Energy Absorbing Matrix System - body system that offers
environmental, performance and structural advantages like no other automobile
body system on the planet. Never used before on any road-going automobile,
the multi-layer composite system is lighter than carbon fiber yet equally
strong. Unlike carbon fiber however, it is dent-resistant, shatter-proof and
recyclable.

Abruzzi also introduces TRIFECTACOOLING(R) technology. In addition to a
normal high-efficiency radiator, there are stage two and stage three systems
that lower coolant temperature on both the inflow to and the outflow from the
radiator.

"These are advancements that will open up a new era of automotive
design," Panoz said. "Dating back to our first road car - the AIV Roadster -
PAD has been a believer in efficient construction and design. This philosophy
continues with our Abruzzi."

Abruzzi: The Experience

The Panoz Abruzzi harkens back to a day where drivers would pilot their
cars to Le Mans, race it twice around the clock then drive back home. It
essentially captures the "Spirit of Le Mans" with a never-before-seen
acquisition program that sets a new standard for personalization and
delivery.

Given the roots of Panoz's automotive dreams, it is only appropriate that
the Abruzzi "Spirit of Le Mans" will be delivered to its owners at the famed
Circuit de la Sarthe, shipped directly there from the Panoz factory. Each
automobile will be linked to a specific Le Mans 24 Hour race, with the
chassis number also containing that specific race date and the initials of
the winning drivers and the history of that year.

Professional drivers will instruct owners in driving the car on the
Bugatti Circuit at Le Mans. Service and repairs also will be attended to at
the ACO facilities of the Circuit 24 Hours of Le Mans.

New vehicle owners also will be invited to the 24 Hours of Le Mans as
guests of the ACO and Panoz at the ACO's hospitality facilities in the "Model
Sportif" at the circuit. New owners also will have the unique opportunity to
drive a parade lap of the full 8.3-mile circuit at that year's event.

During the Le Mans race week a "Spirit of Le Mans" reception will be held
at the clubhouse of the famed Golf Des 24 Heuers in the historic town of
Arnage. The new owners for that year will be the guests of the ACO officials
and past "Spirit of Le Mans" award winners such as Jacky Ickx and Derek Bell.

"Being associated with the ACO and Le Mans is something very special to
me," Panoz said. "Being able to stand side-by-side with the heroes and
legends of Le Mans gives me a sense of appreciation and passion for this
grand event. I felt it was important to give our customers the same
experience, and I am grateful to our partners at the ACO for helping make
this happen."

Panoz Auto Development produces leading-edge, fully certified automobiles
and is best known for the first US-manufactured AIV (Aluminum Intensive
Vehicle) - the Panoz AIV Roadster. The Panoz Esperante body and chassis also
extensively employs aluminum for performance, safety and efficiency. The
Panoz Esperante GTLM earned world-famous stature as a race car by winning the
GT2 category at both the Mobil 1 Twelve Hours of Sebring and the 24 Hours of
Le Mans in a single year - 2006.

John A. Leverett, Panoz Auto Development Co., +1-770-867-4796, +1-770-307-1714 fax, jaleverett at panozauto.com, for Panoz Motor Sports Group