January 23, 2003 (Uxbridge, ON) – In its bid to run the 24 Hours of Hardwood Hills on August 21 & 22, 2004, Chico Racing has decided to withdraw from organizing the event.  The decision was based on a the potential for a long and drawn out legal battle it would have with another cycling organizer claiming rights to run a 24 hour event at Hardwood Hills on the same weekend.  Despite Chico Racing having a contract with Hardwood Hills, the other promoter, twenty4 sports (formerly Trilife) has continued to advertise the event, accept registrations, based on a contract which they claim was purchased from Trilife Inc. following that company's filing for bankruptcy.

Adam Ruppel of Chico Racing states, “Had we gone ahead despite another organizer advertising the same event, it would cause too much turmoil in the small mountain bike community.  Riders can't have 100% confidence in this event until this issue is resolved. As far as we're concerned, Twenty4 Sports is promoting an event without Hardwood's consent or desire to deal with them.”

Chico Racing is withdrawing from the event early to preserve their reputation and Chico's withdrawl does not necessarily mean a 24 hour event at Hardwood will be run by twenty4 sports in 2004.

Despite this stumbling block, Chico Racing will continue its strong relationship with Hardwood Hills and work with them on Bonham & Co. Ontario Cup races. We look forward to a fun and challenging event for the 2004 Ontario Provincial Championships.

Thanks for your support.