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COUNTRY MUSIC STAR,
TRACE ADKINS
AND NASCAR ICON, DARRELL WALTRIP RACE AT THE NASCAR SILICON MOTOR SPEEDWAY AT OPRY MILLS

December 16, 2002, Nashville, TN - On Saturday, December 14th, 2002, the Race Crew at the NASCAR Silicon Motor Speedway at Opry Mills played host to EMI Capitol Record's Country Music Recording Star, Trace Adkins and his friend, NASCAR icon and FOX TV's NASCAR broadcast personality, Darrell Waltrip for a special appearance for Trace Adkins Fan Club winners brought to Nashville to promote the release of Trace's newest CD, "Chrome".

During this year's CMA "Fan Fair" held earlier this Summer in Nashville, our own Jeff Carden approached Trace's Management Representative and Capitol Record Executives about hosting an appearance sometime soon at the NASCAR Silicon Motor Speedway at Opry Mills. "I knew Trace was a big NASCAR fanatic and that he was extremely popular with NASCAR fans who love his music. It was a natural fit for us and he seemed very receptive to the idea", Jeff said.

Contest Winners with Trace Atkins and Darrell Waltrip

The Fan Club weekend included a visit to the Grand Ole Opry where Trace was a featured performer, the Country Music Hall of Fame, a visit to Opry Mills, a private acoustic performance and luncheon with Trace and his family, shopping and sight seeing in and around Nashville.

One of the highlights was visiting the NASCAR Silicon Motor Speedway at Opry Mills where each of the contest winners and their guests got the chance to race our NASCAR Simulators against Trace Adkins and Darrell Waltrip. Each guest received special NASCAR prizes and racing, compliments of Capitol Records, along with an exclusive photo and autograph session during a break between qualifing races. Many Opry Mills Mall patrons looked on with envy that they could not participate in this private Speedway function.





The Top Ten Qualifiers raced against Darrell and Trace for the chance to win an all expense paid weekend trip to a 2003 Winston Cup NASCAR Race and $250.00 of NASCAR Silicon Motor Speedway Merchandise. The final race was no contest at all. Darrell had an unfortunate start off the pole on our Daytona EXTREME! Track so Trace took the lead and never looked back. He won his very own "Adkins/Waltrip 500" Championship Race! The fan which won the Grand Prize Package finished a distant second to the driving skills of this speed demon: Trace Adkins.

Trace Adkins, NASCAR Silicon Motor Speedway Racer!

"Man, I had a blast! Thank you all very much.", Trace told our Crew afterwards. Darrell Waltrip also had a great time racing and shared insightful comments about our NASCAR Entertainment Venue and staff. "This was my first visit to a NASCAR Speedway and I'm sure I will be back again soon".

Darrell Palmore and Darrell Waltrip, ALL SMILES!

The Crew did an outstanding job accommodating these guests at Opry Mills. This was one memorable day for us.

For more information on IMTS, please visit our website at 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 & 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 for 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.

Contact:
Interactive Motorsports and Entertainment Corp.
Comments@SMSonline.com

Investor Relations:
Investor Relations on the web


Steve Wagoner
(800) 766-2782
InvestorRelations@SMSonline.com

Richard Moyer
Cameron Associates
(212) 554-5466
Richard@CameronAssoc.com

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