<i>DRF</i> Acquires Publishing Assets of Sports Eye

Edited press release

Daily Racing Form has acquired the publishing assets of Sports Eye Inc., a New York-based company that produces Thoroughbred and Standardbred handicapping publications and other sports-related publications.

Founded in 1964, Sports Eye publishes Daily Racing Program, several handicapping publications for New York City Off-Track Betting Corp., Daily Harness Racing Program, Harness Eye newspaper, College and Pro Football Weekly, Sports Form, and The Platinum Sheets weekly, a college and professional basketball publication.

DRF will continue to publish the products.

Daily Racing Program is a pocket-size program that contains past performances for most Thoroughbred tracks. It is sold in the Northeast.

"Sports Eye has done a tremendous job producing publications for the casual and new horseplayer, which is an area that we haven't focused on with Daily Racing Form products," Form chief executive officer Brent Diamond said. "We believe there is an opportunity to provide information to the full range of horseplayers, and this will allow us to do so.

"We're very excited about expanding our current business with these products. This acquisition also provides us with the opportunity to extend our franchise into sports publishing, which is something we planned when we acquired Daily Racing Form as our platform asset in May 2004."

The Form is owned by Wicks Group, a New York-based middle market private equity firm that focuses on media, communications, and information.