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CJM Racing owners Tony and Bryan Mullet on Friday announced that the team has suspended its Nationwide Series plans for next season.
A team statement released Friday stated: "As of now, it appears that CJM will not be running the 2010 Nationwide season. It is really hard for us to see this great group of people move in other directions. They have done so much to build this program and beyond that, it has become like a family.
"We have built many great relationships within the industry and we want to thank everyone for showing us support. We are thankful for the time we have had to enjoy this great sport and are focused intently on what the future will bring."
CJM's No. 11 Toyota made 35 starts in 2009 with five top-five finishes and 12 top-10s. Seven drivers made starts for the team, including a season-high 21 by Scott Lagasse Jr. Other drivers included Trevor Bayne, Kelly Bires, Mike Bliss, Denny Hamlin, Andrew Ranger and Brian Scott.
CJM Racing began in 2006 with four starts in the Cup Series. It raced in the Nationwide Series from 2007-09 with six top-five finishes and 20 top-10s in 87 starts.
"Our vision for life, business and racing is to honor God with the time, talents and resources he has given us," the team release stated. "Over the last four years we have been able to extend that vision into racing. We felt racing could be used as a platform to share that vision with millions of people. We have been surrounded by a great group of people that have supported us and developed a successful program."