INDIANAPOLIS, June 21, 2004 (PRIMEZONE) -- NASCAR Silicon Motor Speedway's state-of-the-art racing simulators will be installed at the Ft. Gordon military base, it was announced by William R. Donaldson, Chairman and CEO of Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS).
The contract for the purchase of two race car simulators from Perfect Line, a wholly owned subsidiary of IMTS, was awarded on June 10 from the Southeast Regional Centralized Contracting Office in Ft. Campbell, Kentucky. The simulators are scheduled to be installed at the Courtyard Recreation and Dining Center in Ft. Gordon, Georgia within 90 days of the contract award. Ft. Gordon military base is located approximately 8 miles southwest of Augusta, Georgia.
Perfect Line's NASCAR Silicon Motor Speedway racing centers offer its customers the most realistic race simulation in the world. Perfect Line has integrated sophisticated proprietary racing simulator technology with an exclusive NASCAR license for location-based entertainment and licenses for popular NASCAR tracks and teams.
The National Association for Stock Car Auto Racing, NASCAR, Inc., is the sanctioning body for one of America's premier sports. With 75 million fans spread throughout the U.S. and ranking second among sports on television and third in licensed product sales, NASCAR has catapulted into the American mainstream. The passion and brand loyalty of NASCAR fans have attracted many of the best-known brands in America: more Fortune 500 companies are involved in NASCAR than any other sport. Based in Daytona Beach, Fla., with offices in Charlotte, New York and Los Angeles, NASCAR sanctions 1,800 races at 120 tracks in 38 states.
For more information on IMTS, visit www.SMSonline.com
Forward-looking statements
Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, and the business prospects of Interactive Motorsports and Entertainment Corporation, are subject to a number of risks and uncertainties that may cause the Company's actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, the outlook of the economy and the effect on future revenues, access to and cost of capital, uncertainty of new product development, competition, and dependencies on updated technology and licenses and leases.