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Renowned for Its Race Car Image, New York City Taxi Will Have Its Day This Sunday at Pocono Raceway


June 9, 2011 - Concord, NC

New York City taxis, world famous for their race car driving style, will put their reputation to the test against NASCAR'S best this Sunday at Pocono (Pa.) Raceway.

Richard Petty Motorsports (RPM) and Medallion Financial (NASDAQ: TAXI) announced today that the legendary No. 43, made famous by NASCAR Hall of Famer Richard Petty, will be sponsored by Medallion Financial, which is a co-owner of RPM through its wholly-owned subsidiary Medallion Capital, Inc. Medallion Financial has made billions of dollars in loans to taxi owners, and its wholly-owned subsidiary Medallion Bank has bought and originated hundreds of millions of dollars in recreational vehicle and boat loans to many NASCAR fans around the country.

The No. 43 will be designed to replicate a New York City taxi. The car will have the authentic New York City taxi yellow, a black and white checker bottom, and the iconic logo of hailing a taxi that is seen on every one of the 13,237 New York City yellow taxis. The Medallion Financial Ford Fusion will be piloted by Richard Petty Motorsports driver AJ Allmendinger.

"I have always wanted to see how a New York City cab driver would do against the best drivers in NASCAR, and this is the next best thing," said Andrew Murstein, president of Medallion Financial. "We couldn't be prouder of our relationship with Richard Petty Motorsports. They represent excellence and integrity in sports, which is everything that Medallion strives for in business."

The No. 43 Medallion Financial Ford Fusion is the first of what Murstein hopes will be several more taxi-themed, Medallion-sponsored race cars.

"Andrew and his father Alvin, along with their partner have brought their astute business eye into NASCAR," stated Petty. "AJ and Marcos (Ambrose) are each off to their best starts ever, and with the backing of Medallion, they have all of the resources they need to compete week in and week out. It's just a matter of time until we are all back in the winner's circle."

Medallion Financial's signature company car, a 1978 Checker Cab with over one million miles on it, will be on display Saturday and Sunday from 10am to 5pm at the track at the Fan Fair area behind the main grandstand between Gates 10 and 11. The first 100 fans who visit the Checker Cab on Sunday beginning at 10:30 a.m. will receive Richard Petty's autograph and a special taxi themed RPM t-shirt.

About Medallion Financial:

Medallion Financial, a publicly traded investment company, has invested over $3 billion in companies since its IPO in 1996 and its board members include such notables as former New York Governor Mario Cuomo, former Connecticut Governor and Senator Lowell Weicker, and another "King" of his sport, Hank Aaron. The Murstein family is the largest shareholder in Medallion, owning approximately 20%. Please visit www.medallion.com.

About Richard Petty Motorsports:

Known to many simply as "The King," Richard Petty is the most decorated driver in the history of NASCAR racing, winning a record 200 races and seven NASCAR Sprint Cup Series championships during his illustrious career. In late 2010, Petty partnered with Medallion Financial and Doug Bergeron to purchase the assets of Richard Petty Motorsports. Richard Petty Motorsports fields two teams in competition in the NASCAR Sprint Cup Series. AJ Allmendinger wheels the famous No. 43 Ford Fusion and Marcos Ambrose drives the No. 9 machine with sponsorship from Stanley and DEWALT. For more information about the Concord, N.C.-based race team, please visit www.richardpettymotorsports.com.

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