Boundless Motor Sports Racing, Inc. Enters into Agreement to Purchase World of Outlaws, Inc.

DALLAS--Aug. 1, 20033, 2003--Boundless Motor Sports Racing, Inc. (Boundless) (OTCBB:BMSR) and World of Outlaws, Inc., announced today that Boundless has entered into an agreement to purchase World Of Outlaws, Inc. Through the agreement Boundless will acquire all the stock of World Of Outlaws, Inc. This acquisition follows an announcement earlier today by Boundless that it has also entered into an agreement to purchase the stock of DIRT Motorsports, Inc. The two acquisitions, part of the company's business strategy, will make Boundless the largest dirt track racing sanctioning body in the country covering Sprint, Modified, Super Modified and Sportsman Classes.

World of Outlaws has held the position as the premier name in Sprint Car Racing for the past 25 years. This year alone, World Of Outlaws will hold 101 sanctioned races at 51 dirt tracks in the United States and has plans in the works for four races in Australia this winter.

"The combination of bringing both World Of Outlaws and DIRT Motor Sports Racing together under one company will create tremendous value to both the individual brands as well as racing in general," said Paul A. Kruger, Chairman of Boundless Motorsports Racing, Inc. "By building on the strengths of these leading names, Boundless will be able to expand even more on the current success of dirt track racing."

The recent acquisition of DIRT, which includes its own in-house television production company, brings national broadcast coverage on Speed Vision, Time Warner Cable, the Empire TV Network, as well as Cyber broadcast coverage to both racing bodies. Both series will also receive full racing season coverage on Rush Hour on Dirt and This Week on DIRT, both productions of DIRT television.

"During my 25 years with the World Of Outlaws we've built a great series with the help of our dedicated fans and outstanding drivers," said Ted Johnston, founder of World Of Outlaws. "Now, as part of Boundless, we'll have the support to take the World Of Outlaws to a whole new level of exposure."

About Boundless Motor Sports Racing, Inc.

Based in Richardson, Texas, Boundless is a racing and sports entertainment company. Boundless is currently pursuing the acquisition of dirt motor sports racing sanctioning organizations, promotional organizations and racetracks in the United States. Boundless also may acquire the rights to other international racing series in the United States and internationally.

For further information on Boundless or this press release please contact Leslie Wulf -- President of Boundless Motor Sports Racing, Inc. at 972-783-8500, les@boundlessmotorsportsracing.com, or visit our company web page at www.boundlessmotorsportsracing.com.