INDIANAPOLIS, Aug. 15, 2005 (PRIMEZONE) -- Interactive Motorsports and Entertainment Corporation (OTCBB:IMTS) announced today the confirmation of an initial order for the SMS Reactor, a new simulator experience that is scheduled to debut at the International Association of Amusement Parks and Attractions (IAAPA) convention in November of this year. The announcement came from William R. Donaldson, Chairman and CEO of Interactive Motorsports and Entertainment Corp.
The SMS Reactor is being developed as a lower price point, more portable and mobile version of the company's full-size simulators, yet will feature the patented motion platform and the same proprietary software and race simulation technology that the company's customers currently enjoy.
An initial order has been placed by Burroughs and Chapin, the owners and operators of the NASCAR Speedparks located throughout the country. "The SMS Reactor has been in development for some time, and this initial order paves the way for us to complete the process and have the new simulator available for the 2005 IAAPA show and for customers looking for new product for the 2006 season," said Donaldson. "The initial reaction to the features of this new simulation experience, combined with its lower price point, gives us reason to be optimistic about its potential."
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 dependence on updated technology and licenses and leases.