INDIANAPOLIS, Jan. 25, 2005 (PRIMEZONE) -- William R. Donaldson, Chairman and CEO of Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS), announced today the signing of a two-simulator purchase agreement between Perfect Line, Inc. and I-Vision Technology of Abu Dhabi, United Arab Emirates. Four of the company's simulators were purchased and installed at the Abu Dhabi site in 2004.
"Adding two more new simulators in Abu Dhabi is an indication of client satisfaction, and we hope to realize continued growth in that market," commented Donaldson. "We are making plans to exhibit at the Theme Park and Fun Centers trade show in Dubai in April."
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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.