SIMPSON ANNOUNCES THE PROMOTION OF TERRY SMITH
TO VICE PRESIDENT OF TEAM SALES

Mooresville, NC – (December 16, 2004) Simpson Performance Products Inc., the leading safety manufacturer in motorsports, announces the promotion of Terry Smith to Vice President of Team Sales.

"Since joining Simpson in December of 2003 from Michael Waltrip Racing, Terry has done an excellent job making our 2004 year successful. Our fiscal year profits were up from 2003 in our third straight year of profitability. Racers are excited about our new products including the new Valor and SidePro Helmets, the Fusion Driving Shoes, and the Track F/X Shoes. Thanks to Terry and our team, seven additional NASCAR Nextel Cup teams have signed on with Simpson for the 2005 season. We look forward to seeing many great things from Terry in his expanded role." –Chuck Davies, CEO

"We are pleased with the new business Simpson will have for 2005. We already handle many of the top teams, and this further supports our position as the leader in motorsports safety. I really appreciate the support of the great people I work with at Simpson and our customers who have given us the opportunity to make them safer. I am excited about this opportunity." –Terry Smith, Vice President of Team Sales.

Simpson Performance Products Inc. is headquartered in New Braunfels, TX and is the leading safety manufacturer in the motorsports industry. As the motorsports industry evolves, Simpson remains dedicated to the company’s mission of making racers safer through continuous development, refinement and testing.

About Team Simpson
Since 1959, Simpson Performance Products has been the leading safety manufacturer in the motorsports industry. Simpson believes in putting safety first and is dedicated to elevating the standards of racing safety.

FOR INFORMATION CONTACT:
Doug Doolen 800.473.7077 ext. 214 or ddoolen@teamsimpson.com
Terry Smith 800.473.7077 ext. 210 or tsmith@teamsimpson.com