Race Car Simulators Announces Fourth International Agreement

INDIANAPOLIS (February 5, 2004) – William R. Donaldson, Chairman and CEO of 
Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS), announced the 
signing of a four simulator purchase agreement between Race Car Simulators, 
Inc. and I-Vision Technology of Abu Dhabi, United Arab Emirates.  Race Car 
Simulators, Inc. is a wholly-owned subsidiary of IMTS that manages the 
manufacturing and sale of the company’s state-of-the-art race car 
simulators.

This agreement is the fourth international installation announced by the 
company, and represents placement to date of 28 of the company’s patented 
race car simulators into international markets.  Installation for the 
I-Vision simulators in Abu Dhabi is scheduled for July of this year.  Other 
planned installations are for sites in London, United Kingdom, Sao Paulo, 
Brazil and Moscow, Russian Federation.