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South Boston Speedway

South Boston Speedway News
The Start of the 3rd Generation
Jul 22, 2007 - updated Jul 22nd, 2007 12:28pm
Web posted by

Souyh Boston, VA. --

For Immediate Release



Mattco Inc. – The Mattioli Company, Owner of Pocono Raceway

The Start of the 3rd Generation



Mattco Inc. started in 1952 with $48 by Drs. Joe and Rose Mattioli. Over the past 55 years, the holdings of the Company have increased to approximately $600 million dollars. The 1st generation ran the Company from 1952 to 1970, when they were joined by the 2nd generation. On Saturday, July 7, 2007, the shareholders voted to start the 3rd generation in the business.



Executive Committee:



Dr. Joseph R. Mattioli

Dr. Rose C. Mattioli

Marilouise Mattioli McNally 2nd generation

Joseph P. Mattioli III 2nd generation

Michele Mattioli Kulick 2nd generation



Corporate Administrative Officers: 3rd generation



Brandon Igdalsky President

Nicholas Igdalsky 1st Vice President

Ashley Igdalsky Assistant Secretary/Treasurer

Joseph Mattioli IV 2nd Vice President

Chase Mattioli 3rd Vice President



Non-Family Department Heads – by length of service

These are the people who run Pocono Raceway.



George Ewald Vice President/Track Superintendent 37 years

Lovena Mattioli Comptroller 32 years

Robert Pallo Vice President Sales Department 27 years

Robert Pleban Vice President Administration & Press 23 years

Daniel Dougherty Vice President Track Services 19 years

Patricia Angeloni Vice President Credentials 14 years











Mattco Inc. – The Mattioli Company



Acquisitions:

1960

a.) Pocono Laurel Lake – A 300-lot subdivision; built lake, roads, houses; family operated

b) Camelback Ski Area – Today the largest ski area in Pocono Mtns.

c) Center Square Golf Course – In suburban Philadelphia; an 18 hole championship course



1962

a) Incorporated the Mattioli Company into Mattco Inc.

b) Made first investment in Pocono Raceway; guaranteed the mortgage and ended up paying for the land



1966

a) Made additional investments in Pocono Raceway

b) Built Timber Hill Ski Area and a 600-lot subdivision and ran it as a family business for 10 years



1970 – Made final investment in Pocono Raceway; converted all our warrants; took control and ousted all other major investors



1984 – Mattioli Foundation



1990 – Pocono Raceway real estate acquisitions



1995 – Pocono Raceway Campground



1999 – Blakeslee Inn & Restaurant



2003 – South Boston Speedway in South Boston, Virginia



2006 – The Village at Pocono Raceway – A brand new resort with complete resort amenities with 1,000 1-bedroom apartments plus 1,000 single motel rooms, which if doubled up makes up 1,000 2-bedroom apartments.



2007 – Mattco Inc. is still a wholly owned family business. In these past 55 years our $48 investment is now a company with holdings in excess of $600 million dollars.


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