Fort Gordon To Get NASCAR Silicon Motor Speedway Simulators

NASCAR SILICON MOTOR SPEEDWAY SIMULATORS WILL BE INSTALLED AT
FORT GORDON MILITARY BASE


INDIANAPOLIS (June 21, 2004) – NASCAR <http://www.smsonline.com/>  Silicon 
Motor Speedway's state-of-the-art racing simulators will be installed at the 
Ft. Gordon military base, it was announced by William R. Donaldson, Chairman 
and CEO of Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS). 
<http://www.smsonline.com/company/inv_rel_index.asp>

The contract for the purchase of two race car simulators from Perfect Line, 
a wholly owned subsidiary of IMTS, was awarded on June 10 from the Southeast 
Regional Centralized Contracting Office in Ft. Campbell, Kentucky.  The 
simulators are scheduled to be installed at the Courtyard Recreation and
Dining Center in Ft. Gordon, Georgia, within 90 days of the contract award. 
Ft. Gordon military base is located approximately eight miles southwest of 
Augusta, Ga.

Perfect Line's NASCAR Silicon Motor Speedway racing centers offer its 
customers the most realistic race simulation in the world. 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), 
<http://www.nascar.com/> , Inc., 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.

-30-

For more information on IMTS, visit www.SMSonline.com
<http://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 and 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 of the
economy and the effect on future revenues, access to and cost of capital,
uncertainty of new product development, competition, and dependencies on
updated technology and licenses and leases.

Contact:
Steve Wagoner, (800) 766-2782; InvestorRelations@SMSonline.com

Investor Relations on the Web:
http://www.SMSonline.com/company/inv_rel_index.asp
<http://www.smsonline.com/company/inv_rel_index.asp>

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