NASCAR Silicon Motor Speedway and ISC Renew Licensing
Agreement
NASCAR SILICON MOTOR SPEEDWAY, INT. SPEEDWAY CORP. RENEW LICENSING AGREEMENT
FOR RACE TRACK SIMULATORS
INDIANAPOLIS (August 05, 2003) – NASCAR Silicon Motor Speedway has renewed
its licensing agreement with International Speedway Corporation (ISC)
through 2005, forging a multi-year relationship with the ownership group of
some of America’s greatest racing facilities.
William R. Donaldson, Chairman and CEO of Interactive Motorsports and
Entertainment Corp. (OTCBB:IMTS), announced that ISC has renewed its
agreement for the use of its properties by NASCAR Silicon Motor Speedway,
meaning that customers of the unique racing centers will be able to continue
to enjoy simulated NASCAR Winston Cup Series racing on ISC tracks. Perfect
Line, Inc., a wholly-owned subsidiary of IMTS, owns and operates NASCAR
Silicon Motor Speedway.
The racing centers currently feature ISC properties Daytona International
Speedway and Richmond International Raceway on the simulators, two of the
six NASCAR Winston Cup Series tracks that NASCAR Silicon Motor Speedway
customers can choose from when competing in simulated races. The development
of additional ISC tracks is in Perfect Line’s plans during the term of the
license.
Perfect Line’s NASCAR Silicon Motor Speedway racing centers are the largest
chain of officially-licensed, NASCAR-branded interactive entertainment
stores in the world, and offers its customers the most popular NASCAR
merchandise available. 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. 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.
About ISC
International Speedway Corporation is a leading
promoter of motorsports activities in the United States, currently promoting
more than 100 events annually. The Company owns and/or operates 12 of the
nation’s major motorsports facilities, including Daytona International
Speedway in Florida (home of the Daytona 500); Talladega Superspeedway in
Alabama; Michigan International Speedway located outside Detroit; Richmond
International Raceway in Virginia; California Speedway near Los Angeles;
Kansas Speedway in Kansas City, Kansas; Phoenix International Raceway in
Arizona; Homestead-Miami Speedway in Florida; North Carolina Speedway in
Rockingham; Darlington Raceway in South Carolina; Watkins Glen International
in New York; and Nazareth Speedway in Pennsylvania. Other track interests
include an indirect 37.5% interest in Raceway Associates, LLC, which owns
and operates Chicagoland Speedway and Route 66 Raceway near Chicago,
Illinois.
The Company also owns and operates MRN Radio, the nation's largest
independent sports radio network; DAYTONA USA, the "Ultimate Motorsports
Attraction" in Daytona Beach, Florida, the official attraction of NASCAR;
and subsidiaries which provide catering services, food and beverage
concessions, and produce and market motorsports-related merchandise under
the trade name “Americrown.”