RACE CAR SIMULATORS AND BALDACCI SIGN AGREEMENT TO DEVELOP INTERNATIONAL MARKETS FOR THE NEW GENERATION RACE SIMULATORS

INDIANAPOLIS (August 31, 2003) – Race Car Simulators, Inc., a subsidiary of 
Interactive Motorsports and Entertainment Corporation (OTCBB Symbol: IMTS), 
and international amusement industry veteran, Alain Baldacci, have signed an 
agreement to develop markets around the world for the Indianapolis-based 
company’s new generation of racing simulator products.

Baldacci, an amusement park operator based in Brazil, started in the 
amusement industry in 1980, developing a new concept of indoor amusement 
parks for shopping malls.  He is the founder of Interplay Parks and is 
always searching for new concepts and technology for the Amusement Park and 
Entertainment Industry.  Baldacci was responsible for the implementation of 
Wet n’ Wild waterparks in Brazil, as well as go-kart operations and the 
largest indoor amusement facility in the country.

Baldacci has also twice chaired the World Council and chaired the Board of 
Directors of IAAPA (International Association of Amusement Parks and 
Attractions) and the World Waterpark Association, from whom he won four 
special awards over 17 years of continued participation.  He also founded 
and was President of ADIBRA (Brazilian Association of Parks) and was 
instrumental in founding the AMAP and ALAP, Mexican and Latin American 
associations.  He has been appointed as a member of Brazil’s National 
Tourism Board, representing the theme parks and entertainment industry.  The 
Tourism Board, created by the first-ever Brazilian Tourism Minister, has the 
task to set up policies to foster the development of tourism in the country.

“I’m excited about the NASCAR type simulators that replicate racing on 
famous race circuits such as Indianapolis”, Baldacci says.  “This wonderful 
product, containing state-of-the-art simulation technology, will provide me 
with the opportunity to expand the company’s business, either by myself or 
through revenue share agreements, with partners from the industry 
worldwide.”  He intends to match the quality of the product with his long 
time industry experience and knowledge and to introduce the major players in 
different areas of the world, to this exciting concept, which he expects 
will develop a new and profitable attraction for their markets.

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