PRESS RELEASE FROM RED HORSE RACING:
MOORESVILLE, N.C.(June 8, 2009) - Red Horse Racing regretfully announces the closure of the No. 1 Toyota Tundra driven by Johnny Benson. The decision is effective immediately.
Red Horse Racing worked to secure sponsorship for the No. 1 team since last December but has been unsuccessful in doing so.
"It hasn't been for a lack of effort," says Team Owner, Tom DeLoach. "We had several people working on finding a sponsor for the No. 1 and Johnny Benson. I've been working on it myself. We gave it our best shot, and we tried as long as we could, but nothing materialized. I am saddened that we were unsuccessful in accomplishing our goal but this is a tough economic climate and the cost of fielding a NASCAR Camping World Truck Series team with essentially no support other than our manufacturer is too much for Red Horse Racing to bear alone."
Sponsorship for Benson was thought to be secure before the season began, but the economic downturn kept that sponsor from being able to participate with Red Horse Racing.
Benson has competed in eight events behind the wheel of the No. 1. He and the team have earned four top-10 finishes including a fourth place finish at Texas Motor Speedway this past weekend.
Red Horse Racing will continue to field the No. 11 Toyota Tundra, driven by TJ Bell, as that truck does have some support.