PWA FORMULA RACING ANNOUNCED

Following the rebirth of the PWA during 2001, the Professional Windsurfers
Association will once more be complete as the single, no compromise,
governing body for Professional Windsurfing Worldwide.

The PWA is pleased to announce the addition of the 2002 PWA Pan Am Cup in
Puerto Rico, as the first PWA Formula racing World Cup for 2002. This Grand

Prix event at the beginning of August, will herald the return of racing to
the PWA circuit, making the PWA the single most recognized arena sanctioned

by the ISAF, for the 3 main windsurfing disciplines, Racing, Wave
Performance and Freestyle.

Phil McGain PWA Chairman- "We have been working hard to secure a stronger

tour this year and with racing returning to the PWA tour in the form of
Formula, we are able to deliver what the sailors, industry and media have
been asking for".

Puerto Rico Event Organizer Jaime Torres
"Last year we had about 50 competitors. This year we expect 100 to 120

competitors. The prize money will definitely attract some exciting world
talent. We expect the participation of the Current Formula World Champion
Kevin Pritchard (Bic, Gaastra) and runner up French superstar Antoine
Albeau (AHD, Neil Pryde). Sure to come is Neil Pryde-sponsored Wojtek
Brzozowski (Starboard, Neil Pryde) from Poland, the former Formula World
class Champion. Confirming also are the Argentina National Champion,
Gonzalo Costa-Hoevel (Starboard, Neil Pryde), along with National Champions

from Colombia, Brazil, Venezuela, Chile and other Caribbean islands. The
PWA will be well represented by Course Racing powerhouses Jimmy Diaz (Neil
Pryde), and Micah Buzianis (North, Mistral), along with veteran Phil McGain

(Gaastra). The biggest group is going to be a strong contingent of European

Formula Racers which will make this event a World Class competition."

Following on from Puerto Rico will be the Freestyle and Race Grand Slam in

Canada¹s Magdalen Islands, and then the Wave and Race Grand Slam at Sylt,

Germany in September.

These 3 events, that will also encompass the Formula Windsurfing World
Championships in Sylt (joint FW class and PWA formula event), will
represent the cutting edge of Formula Racing and will raise the profile of
the discipline to a new level of professionalism and expertise.

The Canadian event, in it¹s first year on the international stage as a
PWA
event, will play host to 200 competitors from around the globe who will
battle it out in both Formula Racing and Freestyle disciplines. Racing will

see 100 120 entrants fighting for first place, with Freestyle attracting
some of the biggest names in the sport to this beautiful and rugged location.

With the past success of the Sylt World Cup through our continuing
relationship with MNP (Matthias Neumann), this year¹s event will no doubt

be a huge windsurfing spectacular, thus cementing the bond between IWA, PWA

and the Formula Class, and establishing PWA as the premier body for
professional racing regatta¹s.

For details of these and other events on the PWA World Tour, visit
www.pwaworldtour.com .