Boundless complete ownership of WoO

Boundless announces completion of payment for WoO NORMAN, OK, August 4, 2004 / Boundless Motor Sports Racing, Inc. [BMSR] (Boundless) announced today that it has completed the payment for World of Outlaws, Inc. and the lawsuit ...

Boundless announces completion of payment for WoO

NORMAN, OK, August 4, 2004 / Boundless Motor Sports Racing, Inc. [BMSR] (Boundless) announced today that it has completed the payment for World of Outlaws, Inc. and the lawsuit between Boundless and Ted Johnson has been settled. As a consequence, Ted Johnson is no longer associated with the World of Outlaws.

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.theworldofoutlaws.com and www.WoOLMS.com.

This release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. 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.

-bmsr-

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Series AUTOMOTIVE , WOO