Boundless Motor Sports Racing, Inc. Obtains Temporary Restraining Order Against Former World of Outlaws, Inc. Owner Ted Johnson

NORMAN, Okla.--July 16, 2004--Boundless Motor Sports Racing, Inc. (OTCBB:BMSR) (Boundless) announced that its wholly-owned subsidiary, World of Outlaws, Inc. ("WoO") has obtained a Temporary Restraining Order ("TRO") against the former owner of WoO, Ted Johnson from the District Court of Dallas. The TRO prohibits Mr. Johnson and his affiliates (the "Johnson Group") from: (i) interfering with WoO's operation of its business; (ii) making any statements that the Johnson Group possess or control WoO's business or the trade name "World of Outlaws"; (iii) stating to anyone that the Johnson Group have any involvement in World of Outlaws' races; and (iv) attending any WoO races (except as a general spectator). The TRO further requires the Johnson Group to immediately return to WoO any property previously seized by the Johnson Group belonging to WoO.

Previously, Mr. Johnson had "repossessed" certain assets of WoO as a result of his assertion that a promissory note issued to his company in connection with the sale of the assets of WoO to a subsidiary of Boundless was in default. Boundless believes that it was not in default of this promissory note. Entering of the TRO was conditioned upon Boundless making a payment on this promissory note of $260,000 to Mr. Johnson's company, which it has done. Boundless intends to aggressively pursue various claims that it has against the Johnson Group.

"It is unfortunate that Ted Johnson chose to take these actions, and we apologize to all of our drivers, team owners, fans and sponsors for the confusion caused by Mr. Johnson's actions," said Paul Kruger, Chief Executive Officer of Boundless. "We intend to continue normal operations, starting with tonight's races at Eldora Speedway, without any interference from Mr. Johnson. A hearing on this matter is scheduled for July 26, 2004."

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.