Team Volksbank had two reasons to celebrate this week. It was awarded its UCI Professional Continental license for the coming season, and youngster Philipp Ludescher extended his contract for a year, the team announced Wednesday.
The license is "proof that we have done our homework," said team manager Thomas Kofler. "The team has a sound economic basis. Things can continue like this."
He also praised the 20 year-old Ludescher, who turned pro with the team in 2006. "Philipp is a great talent, who we are carefully bringing along. Now comes the time to prove it. I think that he is ready to take that step up and will live up to his potential in the next season."