BOUNDLESS MOTOR SPORTS RACING, INC. ANOUNCES CLOSING OF WORLD OF OUTLAWS ACQUSITION EXTENDED
RICHARDSON, TX, December 30, 2003 / BusinessWire / Boundless Motor Sports Racing, Inc. (OTCBB: BMSR) (Boundless) and World of Outlaws, Inc., announced that the outside closing date of the acquisition of World of Outlaws has been extended until April 9, 2004, in order to among other things, allow additional time to complete the requisite financial audits of World of Outlaws.
In addition, Boundless has extended the maturity date of the $1,200,000 loan it has advanced to World of Outlaws. Paul A. Kruger, Boundless Chairman and CEO, has been appointed interim Chief Executive Officer for the World of Outlaws. Ted Johnson, founder and President of the World of Outlaws, will continue acting as President until the completion of the acquisition by Boundless.
“We look forward to completing this acquisition and moving forward with the implementation of our business plan,” said Kruger, Boundless Chairman and CEO.
About Boundless Motor Sports Racing, Inc.
Based in Richardson, TX, 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 Terri Metzger, Public Relations at 405-818-4796, email pr@boundlessmotorsportsracing.com, or visit our corporate web site at www.boundlessmotorsportsracing.com. For more information about DIRT Motorsports, Inc., or World of Outlaws, Inc., visit their respective web sites at www.dirtmotorsports.com and www.worldofoutlawsracing.com.
This release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Closing of this acquisition is subject to fulfillment of certain conditions precedent, and there can be no assurances that all of such conditions precedent will be satisfied or waived. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive and technological factors effecting the company’s operations, markets, merger and acquisition activities, products, services and prices, as well as other factors detailed in the company’s filings with the Securities and Exchange Commission.
RICHARDSON, TX, December 30, 2003 / BusinessWire / Boundless Motor Sports Racing, Inc. (OTCBB: BMSR) (Boundless) and World of Outlaws, Inc., announced that the outside closing date of the acquisition of World of Outlaws has been extended until April 9, 2004, in order to among other things, allow additional time to complete the requisite financial audits of World of Outlaws.
In addition, Boundless has extended the maturity date of the $1,200,000 loan it has advanced to World of Outlaws. Paul A. Kruger, Boundless Chairman and CEO, has been appointed interim Chief Executive Officer for the World of Outlaws. Ted Johnson, founder and President of the World of Outlaws, will continue acting as President until the completion of the acquisition by Boundless.
“We look forward to completing this acquisition and moving forward with the implementation of our business plan,” said Kruger, Boundless Chairman and CEO.
About Boundless Motor Sports Racing, Inc.
Based in Richardson, TX, 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 Terri Metzger, Public Relations at 405-818-4796, email pr@boundlessmotorsportsracing.com, or visit our corporate web site at www.boundlessmotorsportsracing.com. For more information about DIRT Motorsports, Inc., or World of Outlaws, Inc., visit their respective web sites at www.dirtmotorsports.com and www.worldofoutlawsracing.com.
This release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Closing of this acquisition is subject to fulfillment of certain conditions precedent, and there can be no assurances that all of such conditions precedent will be satisfied or waived. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive and technological factors effecting the company’s operations, markets, merger and acquisition activities, products, services and prices, as well as other factors detailed in the company’s filings with the Securities and Exchange Commission.
