The race was organized by The International Open Ocean Racing Association.
The race may be a reference to the reality tv show called "The Amazing Race", where competitors raced in teams around the world. 
The quote on the back of the "Notice of Race" book is an excerpt from a quote about the Whitbread Race of 1973-74, now renamed the Volvo Ocean Race:
There was a mass of spectator craft out in the Solent - that came as a
surprise. We were not expecting so many people and it made it difficult
to steer especially since there was no marshalling to speak of. We almost
ran down a rubber dinghy, but managed somehow to avoid it at the last