Racing is a Reality for These Kids

Sprint Nextel Donates $45,000 to Urban Youth Racing School

RESTON, Va. — 07/26/2006, Sprint Nextel (NYSE: S) today donated $45,000 to the Urban Youth Racing School (UYRS), a 501(c)(3) charitable organization dedicated to the education, training and preparation of today’s urban youths by exposure to the automotive and motorsports industry.

The donation by Sprint Nextel and partnership with the UYRS is founded on the principles of education, equal opportunity and the ongoing commitment to the growth of the NASCAR NEXTEL Cup Series™. Both organizations have a proven track record of improving upon those principles.

A portion of the Sprint Nextel donation will be allocated to the UYRS expansion into the Washington, D.C. market tentatively slated for September 2006. Beyond the financial contribution, Sprint Nextel will continue to provide support through marketing and promotional efforts as well as leverage its position as the NASCAR NEXTEL Cup Series premier sponsor to generate more awareness for the UYRS.

“The Urban Youth Racing School epitomizes the type of diverse organization that Sprint Nextel is truly committed to helping,” said Tammy Edwards, director of inclusion and diversity for Sprint Nextel. ”It’s an organization that day in and day out is working to diversify the sport and allow growth opportunities for the next generation.”

The Urban Youth Racing School was founded by Anthony Martin in 1998. When Team Rensi Motorsports provided the first round of sponsorship money for the UYRS, the first-ever motorsports racing school for urban youth was born in Philadelphia. Since then, sponsors such as NASCAR, General Motors, GMAC and Allstate have announced their support for UYRS.

“It is an honor to welcome the Sprint Nextel as a sponsor for the Urban Youth Racing School,” said Anthony Martin, founder and executive director of the UYRS. “As an innovative technology-based company, we are confident that through their corporate sponsorship, Sprint Nextel will help propel the youth of today into the technologically-driven world of tomorrow.”

For more information, please visit www.sprint.com/nextelcup or www.uyrs.com.

About Sprint Nextel
Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.

About Urban Youth Racing School
UYRS is committed to the education, training and preparation of today’s urban youth through exposure to the automotive and motorsports industry.

Since its inception in 1998, UYRS has had over 1100 children go through their 10 week “Build A Dream” and “Team Development” Programs involving over 40 mentors who have been a part of the school for over 5 years. Additionally, the school has given away over $40,000 in educational scholarships, taken 40 UYRS students to Charlotte, North Carolina to visit NASCAR race teams, and participates in the annual Sears Craftsman/UYRS weeklong internship program. UYRS is committed to making diversity and youth issues a national priority. For more information, visit www.uyrs.com.

Contact Information

Crystal Carraway

NASCAR NEXTEL Cup Series

Sprint Nextel

Contact via E-mail