"In response to the baseless comments posted on an anonymous web site this week, I want to be clear that categorizing Michael Waltrip Racing as anything other than growing would be incorrect," said Calvin Wells III, Executive Vice President and Chief Operating Officer at Michael Waltrip Racing. "The partnership formed between Michael Waltrip and Rob Kauffman last October has allowed MWR to meet our short-term objectives while setting the course for our long-term success. MWR is financially sound but fiscally responsible, as all race team owners should be. We have made some recent moves to re-allocate our funds towards areas which will maintain long-term success for MWR, including significant capital investments in equipment, continued expansion of our engineering staff, a more concentrated effort with our test team and the expansion of our Sales/Marketing division with the recent hiring of a Chief Marketing Officer, while broadening our alliances with Toyota Racing Development and other technology partners. In only our second year, MWR maintains a growth pattern towards success and continues to be a destination point for fans, employees, drivers and sponsors, just as Michael Waltrip believed it would be when he embarked on this life-long dream two years ago." - mwr pr