From the AMA Dragbike press release:
Effectively immediately, Hammer Motorsports DBA AMA Dragbike Series, will cease operations indefinitely. Regretfully, today's economic climate, rising costs and decreasing revenue makes it fiscally irresponsible to continue doing business. The final details are being worked out at this time.
"Motorcycle Drag Racing has been a passion for both of us for many years and we have given all of ourselves to this sport," said Brandi Neithamer, Vice President of AMA Dragbike. "We knew this year would be very difficult given the economic conditions, but we never anticipated it would go downhill so quickly. Scott Valetti and I have a tough road ahead of us to close the business, and we hope to receive the support of the community during this difficult time."
"The AMA will be issuing their own statement regarding the future of the AMA Dragbike Series,” Neithamer continued. “If there are any parties interested in discussing our operation of the series, please feel free to contact us. We will do everything in our power to help you succeed."
Hammer Motorsports would like to thank all of the AMA Dragbike racers, sponsors and fans that have helped support the organization [formerly AMA Prostar] over the last 21 years.
“We have always strived to hold safe, fair and exciting racing events, and we appreciate all that have helped us achieve that goal,” Neithamer said. “Scott and I extend our best wishes to all in our racing community.”