Univest Ends 14-Year Race Title Sponsorship; UCI/NRC Grand Prix to Continue in 2012

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FOR IMMEDIATE RELEASE -- November 9, 2011

Univest Ends 14-Year Race Title Sponsorship

UCI/NRC Grand Prix to Continue in 2012

New York City - Univest Corporation has declined to renew its title sponsorship of the Univest Grand Prix, saying it will focus on aiding local non-profits that are struggling in the economic downturn. However, the race will continue in 2012, under new sponsorship, and maintain its status as a UCI 1.2 and NRC 1.HC race.

“Univest has been a strong and unwavering supporter of international cycling for 14 years,” race director John Eustice said. “We thank them for their long-time commitment to the sport and for helping build a vibrant community of fans, participants, sponsors and civic authorities around the events. That community will move forward with a dynamic new Grand Prix for 2012.”

The event began in 1998 as an international, amateur-only, bicycle road race based out of Souderton, Penn. It expanded to a second day in Doylestown in 2003, was awarded UCI professional status in 2006, and this year became the first U.S. event to hold dual UCI and NRC-ranked status. The race is renowned for its beautiful, but challenging race course, strong international fields, widespread media attention and close community ties. Every edition of the Univest Grand Prix road race was televised, with live coverage beginning in 2006.

The Cyclosportif 100K recreational ride, an early innovation of the promotion which anticipated the current Gran Fondo popularity by a decade, will remain a strong and vital component of the two-day event.

“Community participation is what makes this race so special,” Eustice said. "Thousands of people have consistently joined together to open their homes to the teams, volunteer on the race courses, come to spectate or ride the Cyclosportif. Not to be forgotten are the sponsors, police, mayors and civic authorities who worked in common cause to create a fine international sporting event. I especially would like to thank Christopher Shinners, David Henninger and Rick Grater, without whom there would have never been one - let alone 14 - Univest Grand Prixs.”

Sparta Cycling is looking forward to the 2012 edition of the Grand Prix, scheduled for Sept. 15-16. The international event annually serves as the final major event on the North American race calendar.

“Sparta Cycling, the Pennsylvania communities, and USA Cycling remain committed to the continued growth and international standing of this legacy event,” Eustice said.

For More Information

John Eustice
Sparta Cycling

About Sparta Cycling

Sparta Cycling provides race promotion services to deliver world-class events that meet the needs of sponsors, teams and riders, spectators and supporting communities. For more information, please visit www.spartacycling.com.

About Univest Corporation

Headquartered in Souderton, Pa., Univest Corporation of Pennsylvania and its subsidiaries serve the financial needs of residents, businesses, and nonprofit organizations in Bucks, Chester, Montgomery and Lehigh counties. Univest Bank and Trust Co., member FDIC and Equal Housing Lender, offers customers 32 financial service centers, 12 retirement financial services centers, and 39 ATM locations throughout the region, and is the parent company of Univest Capital, Inc., a small ticket commercial finance business; Univest Insurance, Inc., an independent insurance agency headquartered in Lansdale, Pa., which serves commercial and personal customers; and Univest Investments, Inc., Member FINRA and SIPC, a full-service broker-dealer and investment advisory firm. For more information on Univest Corporation of Pennsylvania and its subsidiaries, please visit www.univest.net.

About the USA Cycling National Racing Calendar

Currently in its 15th season, the National Racing Calendar (NRC) is the premier season-long domestic road cycling series sanctioned and owned by USA Cycling. With an overall ranking system that determines the best individual male and female cyclists, as well as the best teams in the U.S., the NRC features the nationís top Pro-Am road race events, boasts a total prize purse of more than one million dollars, and is open to both professional and amateur cyclists. For more information on the NRC, visit www.usacycling.org/nrc. Recognized by the United States Olympic Committee and the Union Cycliste Internationale, USA Cycling is the official governing body for all disciplines of competitive cycling in the United States, including road, track, mountain bike, BMX, and cyclo-cross.

About the UCI

Union Cycliste Internationale (UCI) (in English, the International Cycling Union) is the world governing body for cycling and oversees international competitive cycling events. The UCI is based in Aigle, Switzerland. The UCI manages the classification of races and the points ranking system in various cycling disciplines including mountain biking, road and track cycling, for both men and women, amateur and professional. It also oversees the World Championships. For more information on the UCI, visit www.uci.ch.