SunTrust Bank will once again sponsor the 'SunTrust Improve Your Position Award' in the 2007 Grand-Am Rolex Sports Car Series and, for the first time, extends the bonus programme to the supporting Grand-Am KONI Challenge Series.

Since 2004, the programme has rewarded one entry in each of the Rolex Series classes for improving the most positions from start to finish in every race. New for 2007 in the KONI Challenge Series, SunTrust will reward the team in that series that improves the most in each race, while the Rolex Series awards double in size to $1000. The KONI Challenge recipients will receive $500 per race. In case of a tie in positions gained during an individual race, each respective award will go to the highest finisher overall.

"SunTrust has been one of our most valuable and dedicated partners since we joined with them in 2004, and this substantial increase in their award programmes is another wonderful example of this commitment," Grand American Road Racing Association president Roger Edmondson said.

"The SunTrust 'Improve Your Position' Award has been a competitor favourite since its introduction and, now, by sponsoring the same bonus in the Grand-Am KONI Challenge Series, SunTrust is increasing it financial commitment to the Grand-Am paddock in both series."

In addition to the race-by-race awards, the Daytona Prototype and GT teams that win the award the most times during the 2007 season will receive at $10,000 bonus and trophy at the season-ending Rolex Series champions banquet. The KONI Challenge Grand Sport and Street Tuner car that wins the award the most will receive $2,500 and a trophy, which will be presented at the KONI Challenge awards celebration. In case of a tie, the teams that improved the most positions during the races they won the award will receive the bonus.

In all, Grand-Am has secured more than $2.5 million in posted contingency sponsorships and awards for the coming season, with a total of 33 companies posting contingency awards, including 27 in the Rolex Series and 20 in the KONI Challenge, with 14 partners posting awards in both series. Contingency sponsorship in the Rolex Series totals $1,680,670, while the KONI Challenge tallies $977,950.

"The great partners we have clearly see the value of Grand-Am racing," Edmondson said, "Our competitors put forth endless time and energy to make our racing perhaps the most competitive in the world and, through these contingency awards, are rewarded for their hard work and success on the track."