Corporate Profile:

Interactive Motorsports & Entertainment Corporation's (IMTS) wholly-owned subsidiary, Perfect Line, Inc., owns and operates the unique NASCAR Silicon Motor Speedway racing centers. The NASCAR Silicon Motor Speedway racing centers are the largest chain of officially licensed NASCAR-brand entertainment and retail stores in the world. IMTS's wholly-owned subsidiary, Perfect Line, was formed by William R. Donaldson and partners to acquire the assets of Silicon Entertainment, Inc., which invested approximately 60 million dollars since 1994 to develop racing simulator technology and create the initial mall-based entertainment centers. Mr. Donaldson, 45, Chairman and CEO of the "new" IMTS, has been a major influence in the International racing industry for over 24 years. He served as the Executive Vice President of the Indianapolis Motor Speedway (IMS, the largest spectator stadium in the world), and concurrently served as President of IMS subsidiaries, IMS Properties and IMS Events. At IMS, he was on the executive management team that initiated such events as the NASCAR Brickyard 400, Indy FanFest, The Senior PGA Tournament held at Brickyard Crossing, the Indy 200 at Walt Disney World, and launch of the Indy Racing League. He formed his own company in 1997, managed the Inaugural NASCAR Winston Cup event at Las Vegas Motor Speedway in March of 1998, and launched the American and European Le Mans Series from 1999-2001.

NASCAR Silicon Motor Speedway stores are the largest chain of officially licensed NASCAR-branded entertainment and retail stores in the world. IMTS has integrated sophisticated proprietary racing simulator technology with an exclusive NASCAR license for motion-based entertainment and licenses for popular NASCAR tracks and teams. NASCAR racing is considered the number one spectator sport in America, with an estimated 75 million fans and over $1 billion in NASCAR-branded retail merchandise sales.

The racing centers are designed to give customers an experience that comes as close to real NASCAR NEXTEL Series racing as possible. Each racing center utilizes between 4,500 and 8,000 square feet, and features 8 to 14 NEXTEL Series race car simulators, along with a dedicated merchandise area featuring NASCAR's top drivers and teams. Each race experience includes training and a 10 to 13 lap race on an authentic NASCAR racetrack. All of the cars within the racing center compete against each other. Additional computer generated racecars are added to create a full field competition. Full detail race results are available after the race in the Winner's Circle, and videos of each race are available for purchase.

Over 178 million people annually visit the nine high-traffic, high-profile malls or retail environments where the current NASCAR Silicon Motor Speedway Racing Centers are open. They include Mall of America (Minneapolis, MN), Concord Mills (Charlotte, NC), Mall of Georgia (Atlanta, GA), Katy Mills (Houston, TX), Riverchase Galleria (Birmingham, AL), Universal CityWalk (Los Angeles, CA), Opry Mills (Nashville, TN).