Mike Wallace is leaving Biagi Bros. Racing to pursue other opportunities. Credit: Autostock

M. Wallace bids farewell to Biagi Bros. Racing

Driver development program to be announced soon

After spending the last three years helping Biagi Bros. Racing build their NASCAR Busch Series race team, Mike Wallace is moving on to pursue other opportunities.

In the near future, the team will announce plans to run a driver development program with a Nextel Cup team. This relationship creates an opportunity for Wallace to move on and pursue a full-time Nextel Cup ride and/or opportunities in the Busch Series.

VIDEO High times Mike Wallace wins at Daytona earlier this season.

Mike Wallace has been driving the No. 4 car since 2001, when Fred Biagi and himself decided to move forward with forming a NASCAR Busch Series race team. In the three years he has been in the car, Mike Wallace has helped build the team from a start up venture in 2001 to a winning franchise.

When Wallace won at Daytona on July 2, 2004, Biagi Bros. became only the 3rd non-Cup affiliated Busch team to win a race at Daytona since 1982.

"It has been a great opportunity to be a part of something that was new and watch it progress as we collectively built it," Wallace said. "It has been a great three years and now it is time for me to focus on other opportunities where I can contribute to a race team and continue to win races."

GEICO Senior Vice-President of Marketing, Ted Ward, spoke highly of Wallace.

"Mike Wallace has been an integral part of growing our race program here at GEICO and the relationship he has developed with our employees on a national basis has been great. He is a true gentleman and family oriented person that exemplifies what we stand for at GEICO.

"We are thankful for all that he has done to bring about exposure and awareness to GEICO in the NASCAR community and, as far as we are concerned, Mike Wallace will always be a part of our family here at GEICO. We wish him continued success both on and off the racetrack."