Penske Racing Statement on Justin Allgaier

November 5, 2010

"Penske Racing thanks Justin (Allgaier) for all of his hard work and dedication to the team over the last two years. He has been a great teammate and a terrific asset to our sponsors. We are pleased that Justin will be able to continue his development in NASCAR and we wish him the best of luck in the future. Penske Racing plans to continue with two full-time entries in the 2011 NASCAR Nationwide Series and we look forward to announcing both the driver and sponsor lineup for these entries."

---Tim Cindric, Penske Racing President