Dale Jr. to make announcement Wed. UPDATE 3 looks like to Hendrick #25? #5?; Kyle Busch to DEI?:

could this be the big announcement of where Dale Earnhardt Jr. will go and who he will drive for in 2008 and the future? NASCAR Nextel Cup driver Dale Earnhardt Jr. has scheduled a news conference for Wednesday at 11:00a,/et at his JR Motorsports race shop. [This is NOT open to the public] A full transcript will be released shortly after the news conference.(JR Motorsports PR) UPDATE NEWS: Officials with Ginn Racing and Joe Gibbs Racing each said their teams were not involved in the news conference while a spokesperson for Richard Childress Racing said the team owner is out of the country [New Zealand] on a hunting trip and that he is not expected to be back in the country tomorrow. A Hendrick Motorsports spokesman had no comment. A call to Dale Earnhardt Jr.’s spokesman was not immediately returned.(SceneDaily.com) UPDATE 2: ESPN.com’s Marty Smith reports: Dale Earnhardt Jr. on Wednesday will announce his intent to drive the #5 Hendrick Motorsports Chevy in 2008, multiple sources with intimate knowledge of negotiations told ESPN.com Tuesday on condition of anonymity. Hendrick Motorsports declined comment Tuesday, and e-mails and calls sent to Earnhardt’s representation were not returned. Kelley Earnhardt Elledge, who has handled contract negotiations for her brother, declined to comment on the report. There was some speculation that the wheels are already in motion to plant Earnhardt in the #5 now driven by Kyle Busch before season’s end, but Dale Earnhardt, Inc. president Max Siegel, contacted by phone Tuesday, discounted that scenario, saying Earnhardt would remain in the #8 through season’s end. Sources said there are indications that Busch may not finish the year in the #5. Busch is under contract with HMS through the end of next season, and Hendrick had been working to sign the 22-year old driver to an extension. Jeff Dickerson, an attorney for Busch, told ESPN.com that “a lot of things may or may not occur. Out of respect for Hendrick Motorsports, we’re not really sure what’s going on yet. But we’re trying. I don’t think anything’s changed yet. I can not tell you that Kyle is out of the #5 for 2008.” Meanwhile, one potential scenario would be Casey Mears moving to the #5 and Earnhardt moving to the #25 currently being driven by Mears [Budweiser sponsored Hendrick and the #25 for many years]. It is unknown whether sponsor Budweiser will follow Earnhardt to Hendrick. Budweiser officials are expected to release a statement Wednesday saying the company wishes Earnhardt well and that it will begin exploring its relationship with Earnhardt after the announcement. Hendrick Motorsports does have a history with Budweiser as a sponsor in the 1990s with [Ken Schrader] Ricky Craven and Wally Dallenbach Jr.(ESPN.com), the Associated Press is reporting similar news/speculation.(6-12-2007) UPDATE 3: Hearing that Dale Earnhardt, Jr. will end up at Hendrick Motorsports, taking Kyle Busch’s roster spot. As to what happens to Busch, he’ll take Junior’s place at Dale Earnhardt, Incorporated.(6-12-2007) UPDATE 4: also heaing another scenerio: Jr will be in the #5 in 2008, Kyle Busch to Ginn [#01] and Mark Martin will finish out 2007 in the #5. No word on who would be in the #8 in 2008….if this happens.(6-13-2007)