WHAT SALES COMPANIES PLEDGE:

Dear Thoroughbred Industry:

Last year, more than 20,000 Thoroughbreds sold at auction. Most were
bought by responsible individuals looking for racing or showing prospects
or dependable riding horses.

But some horses, no longer fit for racing or breeding, sold for less than
$800 to slaughter facilities that process and sell horsemeat for human
consumption abroad.

As representatives of companies that have sold horses for decades, it is our
belief that the Thoroughbred does not belong in the human food chain.
While remaining competitive with each other and retaining our distinctive
policies, we have resolved to institute an upset price of $1,000 at all of our
broodmare and paddock sales—effective no later than January 2001—to
discourage so-called "killer buyers."

For owners with unwanted Thoroughbreds, we suggest the adoption alternative.
A toll-free call to the National Thoroughbred Racing Association's
Racehorse Adoption Referral Program, (877) 576-NTRA, may help save a horse's life.

Sincerely,

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