INDIANAPOLIS, Nov. 30, 2004 (PRIMEZONE) -- William R. Donaldson, Chairman and CEO of Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS), announced today Bass Pro Outdoor World as the fourth revenue share site to open within the fourth quarter of this year. The four revenue share sites represent an additional 22 of the company's proprietary motion-based simulators in the market within the fourth quarter.
The Burdick Driver's Village in Syracuse, NY, opened with 8 simulators on October 26; Checker Flag Lightning opened its 8th mall retail site in Gurnee Mills north of Chicago, IL on November 4 featuring 6 simulators; Bass Pro Outdoor World opened their Harrisburg, PA store with 2 simulators on November 18; and Burroughs and Chapin is scheduled to open a new NASCAR SpeedPark at Vaughan Mills outside of Toronto, Ontario, Canada with 6 simulators on December 18. The Syracuse and Toronto sites have been previously announced.
"These additional revenue streams for the fourth quarter will build upon the profitable third quarter results that were recently announced by the company," said Donaldson.
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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 dependence on updated technology and licenses and leases.