The team was founded in 2005 by fielding a car for Mark Greenberg at the 6 Hours of Mont Tremblant.
Shortly after that race the team ran the #7 Riley-Pontiac Daytona Prototype co-owned by millionaire businessman Brian Tuttle, Greg Wilkins and Dave Lacey and the #17 Porsche 911 GT3 in Grand Am.
SAMAX fielded a second Prototype in the 2007 24 Hours of Daytona for Roger Yasukawa, Tomáš Enge, Chris Festa, and Christian Montanari that finished 6th.
On March 23, 2007, the team announced that it would enter the Indy Racing League IndyCar Series.
Reportedly, Zogaib had been funding the racing venture through employing a Ponzi scheme in which he had conned the Dalziel family for $550,000 USD and owes SAMAX owner Peter Baron $450,000 in team expenses and $800,000 in investments Baron had made in the Ponzi scheme.