Boundless Motor Sports Racing, Inc. Announces Termination of Employment of Former Owner Ted Johnson and Carlton Reimers

NORMAN, Okla.--July 15, 2004--Boundless Motor Sports Racing, Inc. (OTCBB:BMSR) (Boundless) announced that former owner Ted Johnson and Competition Director Carlton Reimers are no longer employed by World of Outlaws, Inc., a wholly-owned subsidiary of Boundless, having either resigned or having been terminated for just cause.

This announcement follows Johnson's appearance at Hartford Speedway Park in Hartford, Mich., yesterday, claiming to foreclose on the World of Outlaws assets. Boundless intends to vigorously pursue its legal options against Johnson and his affiliates for what Boundless believes to be Johnson's wrongful conduct. Boundless intends to continue normal operations pending resolution of this situation.

Based in Norman, Okla., 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.

For further information on Boundless or this press release contact Terri Metzger, Public Relations at 405-360-5047 Ext. 113, email press@boundlessracing.com, or visit our corporate web site at www.boundlessracing.com. For more information about the World of Outlaws visit www.worldofoutlawsracing.com and www.WoOLMS.com.