INDIANAPOLIS, June 1, 2005 (PRIMEZONE) -- Five new NASCAR Silicon Motor Speedway simulators are now open for business at the Ultimate Racing Experience & Arcade in Burlington, Vermont, it was announced today by William R. Donaldson, Chairman and CEO of Interactive Motorsports & Entertainment Corporation (OTCBB:IMTS).
The grand opening of the new racing center occurred over the Memorial Day weekend in Burlington, the largest city in the state of Vermont.
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) is the sanctioning body for one of America's premier sports. With 75 million fans spread throughout the U.S., NASCAR is the second-highest rated sport on television, as well as a leader in licensed product sales. NASCAR fans are the most sponsor-conscious and brand-loyal among all major professional sports, according to independent research. More Fortune 500 companies are involved in NASCAR than any other sport, and 17 of the 20 most-attended sporting events in the U.S. each year are NASCAR events.
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.