Found February 15, 2012 on Tireball.com:
Michigan_400_c29a

Bill Elliott will run the Daytona 500 this year in the #97 NEMCO Motorsports car. The #97 car is owned by Joe Nemechek, who will also run the #87 car in the 54th running of “The Great American Race.”

“I am really excited to be racing with NEMCO Motorsports and Joe Nemechek, who has been a friend and respected competitor through the years,” said Bill Elliott. “This will be a great way to start off the 2012 NASCAR season in Daytona.”

With a past champions provisional in his pocket there is a good chance Elliott will make the race even if his NEMCO equipment is not up the par with some of the other teams in the garage. Terry Labonte is the most recent Sprint Cup Champion who would have to rely on the provisional if he fails to qualify for the race. Labonte will drive the #32 for Frank Stoddard and FAS Lane Racing.

There has been no word on sponsorship for either NEMCO car at Daytona but Nemechek has relied on AM FM Energy with their Wood Pellet Stoves for sponsorship in the past.

Elliott will also drive the #50 car with Walmart sponsorship in the July race at Daytona.

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