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APNewsBreak: Armstrong to ride in Livestrong event

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17 PHOTOS
Lance Armstrong - updated 2/3/2015 - video in slide #2
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APNewsBreak: Armstrong to ride in Livestrong event
Lance Armstrong and the company that owned the U.S. Postal cycling team will have to pay a promotions company $10 million after losing an arbitration hearing.
ASPEN, CO - AUGUST 02: Anna Hansen Armstrong and Lance Armstrong attend Aspen Art Museum 2013 ArtCrush Summer Benefit at Aspen Art Museum on August 2, 2013 in Aspen, Colorado. (Photo by Leigh Vogel/WireImage)
ASPEN, CO - AUGUST 02: Lance Armstrong attends Aspen Art Museum 2013 ArtCrush Summer Benefit at Aspen Art Museum on August 2, 2013 in Aspen, Colorado. (Photo by Leigh Vogel/WireImage)
PERRY, IA - JULY 23: Lance Armstrong (L) departs at the start of the third day of the RAGBRAI en route to West Des Moines on July 23, 2013 in Perry, Iowa. (Photo by Matthew Stockman/Getty Images)
AUSTIN, TX - JANUARY 14: In this handout photo provided by the Oprah Winfrey Network, Oprah Winfrey (not pictured) speaks with Lance Armstrong during an interview regarding the controversy surrounding his cycling career January 14, 2013 in Austin, Texas. Oprah Winfrey’s exclusive no-holds-barred interview with Lance Armstrong, 'Oprah and Lance Armstrong: The Worldwide Exclusive,' has expanded to air as a two-night event on OWN: Oprah Winfrey Network. The special episode of 'Oprah’s Next Chapter' will air Thursday, January 17 from 9-10:30 p.m. ET/PT (as previously announced) and Friday, January 18 at 9 p.m. ET/PT. The interview will be simultaneously streamed LIVE worldwide both nights on Oprah.com. (Photo by George Burns/Oprah Winfrey Network via Getty Images)
21 Jul 1995: Lance Armstrong of the United States performs during Stage 18 of the Tour De France between Montpon Men. and Limoges in France.
22 Jul 1995: Lance Armstrong of the United States performs during Stage 19 of the Tour De France near the Lac de Vassiviere in France.
13 Jul 1995: Lance Armstrong of the United States performs during Stage 11 of the Tour De France between B. d''Oisans and St. Etienne in France.
Lance Armstrong talks at Nike Sportswear and Lance Armstrong Launch 'Stages' Global Art Exhibition at Nike Sportswear at the Montalban Theater on March 7, 2009 in Hollywood, California. (Photo by Brian To/FilmMagic)
HOLLYWOOD - MARCH 07: Athlete Lance Armstrong attends Nike Sportswear and Lance Armstrong's launch of 'Stages' Global Art Exhibition at Nike Sportswear at the Montalb n Theater on March 7, 2009 in Hollywood, California. (Photo by Paul Redmond/WireImage)
25 Jul 2001: Lance Armstrong of the USA and the US Postal team on stage 16 of the Tour de France from Castelsarassin to Sarran in France. Mandatory credit: Pascal Rondeau/Allsport
30 Sep 2000: Lance Armstrong of the USA celebrates bronze in the Mens Road Cycling Individual Time Trial at Moore Park on day 15 of the Sydney 2000 Olympic Games in Sydney, Australia. \ Mandatory Credit: Mike Powell /Allsport
17 Jul 2001: Lance Armstrong of the USA rides into a turn during the Tour de France from Aix-Les Bains to Alpe d''Huez in France.Mandatory Credit: Doug Pensinger /Allsport
LOS ANGELES - JANUARY 23: Lance Armstrong (L) of the United States Postal Service Cycling Team, and five time winner of the Tour de France, rides with former Olympian Dave Lettieri training during Media Day January 23, 2004 in the region around Solvang, California.(Photo by Robert Laberge/Getty Images)
LOS ANGELES - JANUARY 23: Lance Armstrong of the United States Postal Service Cycling Team, and five time winner of the Tour de France, speaks during a press conference on media day January 23, 2004 in Solvang, California. (Photo by Robert Laberge/Getty Images)
LOS ANGELES - JANUARY 23: Lance Armstrong of the United States Postal Service Cycling Team, and five time winner of the Tour de France, gets a tire change while training during Media Day January 23, 2004 in the region around Solvang, California. (Photo by Robert Laberge/Getty Images)
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AUSTIN, Texas (AP) - Lance Armstrong is getting back on his bike, this time to ride and raise money for the charity he founded and was later pressured to leave.

Armstrong has set up a fundraising team for the Livestrong Challenge ride in Austin in October. It will be his first return to the Livestrong event since 2012, when a report by the U.S. Anti-Doping Agency exposed performance-enhancing drug use by Armstrong and his U.S. Postal Service team.

Armstrong was later stripped of his seven Tour de France titles and pressured to leave the Livestrong board.

Armstrong registered for the ride and made a $5,000 donation on Feb. 2. In a statement to The Associated Press, Armstrong says he remains "humbled and proud" of Livestrong.

Livestrong officials say they welcome his fundraising efforts.

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