HMR plans to attempt the full schedule, except the Daytona 500, with their no. 52 car regardless of financial backing.

Team co-owner Jimmy Means said:

We’re not relying on sponsorship to determine where we go or not. We’re just trying to get all the pieces together and have some different equipment to have a legitimate chance of making the races. Sponsorship is not really an issue at this time, but [we're] looking for it.

The team wants to run complete races instead of starting and parking, but Means admitted that the team would probably need to do that to get their program started.

The team has narrowed its list of drivers, but no announcement has been made. They plan to announce a driver soon.

The team also plans to field the No. 52 Nationwide Series car full time.

Annett joins RPM from Rusty Wallace Inc, which suspended operations in the off-season. Annett posted 13 top-10 finishes in 105 Nationwide Series starts and drove to a ninth-place finish in the championship points standings last season.

He said:

They say that when one door closes, another door opens, and that is most definitely true. We were left scrambling a bit because of the situation with RWI and were unsure what the future held, but I couldn’t be happier with the way things have turned out. To have the chance to race for Richard Petty and to be under the RPM umbrella is amazing. It has all come together really quickly, but together with Pilot Flying J and Ford, this is the best opportunity I have ever had to race a Nationwide Series car. There’s a lot to be done before we get to Daytona in a few weeks and I can’t wait to dive in and get started.

Team owner Richard Petty said:

We are looking forward to getting back into the Nationwide Series full time and seeing what Michael Annett can do in an RPM Ford Mustang. Michael has improved every season he has raced in the Nationwide Series and has the dedication and drive to be a success.

Roger Penske said:

We are excited to grow and develop our long-standing partnership with Snap-on as they expand our relationship to become a primary sponsor on the No. 22 Dodge for several Nationwide Series races this season. Snap-on has been a terrific partner with our organization now for 30 years and we look forward to celebrating this milestone with a great season together in 2012.

Snap-on will continue to be an associate sponsor on the team’s Sprint Cup and Nationwide Series entries, as well as the team’s IndyCar teams.

Sadler will also drive for Kevin Harvick Inc/RCR in the Nationwide Series in the No. 2 Chevy.

Brendan Gaughan will take over driving duties of the No. 33 Cup Chevy the following week at Phoenix International Raceway, and will drive until the fifth race of the season at Auto Club Speedway.

The No. 33 is locked into the first five races of 2012 because the team finished 13th in points last season, while Clint Bowyer was the driver. Bowyer left in the offseason to join Michael Waltrip Racing.

Kyle will drive the first fives races of the season including the season-opener at Daytona International Speedway. He will split the remaining races with Kurt, as the team will attempt to win the owner’s championship.

Monster Energy president Mark Hall said:

Monster Energy has always stood for competing and winning no matter what the sport. To make this happen, we’ve always sought out the most determined, fearless and committed athletes for the Monster team. With the Busch brothers sharing the wheel of the Kyle Busch Motorsports Monster Energy Camry, we have every reason to believe we have drivers capable of running up front every weekend.

Kyle added:

Since debuting in NASCAR, Kyle Busch Motorsports has had the goal to add a championship-caliber Nationwide Series team to our organization. With today’s announcement of Monster Energy as primary sponsor and my brother Kurt as the second driver, we’ve accomplished that goal. The Monster Energy team of athletes consists of champion performers united by a desire to be the best. Kurt and I share that same desire and will settle for nothing less than adding a NASCAR Championship to the long list of achievements for one of the strongest brands in the world.

Mike Beam will serve as the team’s crew chief. Beam has earned victories as a crew chief in all three national touring NASCAR series.

Kurt Busch will also drive select events for Phoenix Racing, for whom he drives in the Sprint Cup Series.

The team has enough sponsorship to run the first fives races of the season.

McDowell will also drive Joe Gibbs Racing’s No. 18 in five races in the Nationwide Series. McDowell will pilot the car at Road America, Watkins Glen International, Michigan International Speedway, and Iowa Speedway twice.

Busch will compete in both series with Phoenix Racing.

Robinson said:

I am very excited about our new venture into the Cup series”, said team owner Jay Robinson” We have all of the cars and equipment in place. We will be running engines prepared by Race Engines Plus and are hoping to hire a driver very soon.

The team still plans to field the No. 28 N’wide car. Jeff Spraker and his Spraker Racing Enterprises group has been hired to head up that effort.

No word on sponsorship, driver, or crew chief.

According to the team, Busch will run in all of the “major” Nationwide races, beginning in the season-opening race at Daytona International Speedway.

The team’s general manager Steve Barkdoll said:

Everyone at Phoenix Racing is excited about competing on the Nationwide circuit this year. Our Nationwide Series team is a proven, winning organization and we’re looking forward to Busch continuing the tradition. This is a great opportunity for a company to partner with a top-notch program.

Phoenix is currently seeking sponsorship for those races.

Busch will drive for Phoenix in the Sprint Cup next season.

The team had sponsorship to run the No. 62 of Michael Annett from Pilot Travel Centers, but it was unable to secure significant sponsorship to run the No. 66 of Steve Wallace.  Annett has been released to pursue other opportunities.

RWI will continue to operate, assisting Steve Wallace in his pursuit of other opportunities in his racing career. RWR will also maintain and manage sponsor relationships on Steve Wallace’s behalf.

Team owner Rusty Wallace said:

A lot of teams would have run with the level of funding we have now, but we want to ensure that our team has the resources necessary to compete and to improve our operations. I promised myself and my family long ago that if the team wasn’t funded to a level with which we were comfortable, we just wouldn’t run it. I’ve worked way too hard to put part of my life savings into a race team. So, we collectively decided to take a break, regroup and focus on the future. We’ll keep working hard on sponsorship programs for Steve (Wallace) and for future seasons. This also allows us to focus on the other aspects of our companies and our brand as well, whether it’s our car dealerships, new track design projects, licensing, personal services or even something new.