Boundless Motor Sports Racing, Inc. D/B/A Dirt Motorsports Acquires Lernerville Speedway
NORMAN, OK, November 10, 2004 - Boundless Motor Sports Racing Inc., (OTCBB: BMSR) (Boundless) d/b/a DIRT Motorsports, announced that it has executed a definitive purchase agreement for the purchase of Lernerville Speedway in Sarver, PA from Lernerville Speedway Inc. and its owners. The half-mile, clay oval with seating for approximately 11,000 built in 1967, hosted more than 30 races this past season including two World of Outlaws Sprint Series and two World of Outlaws Late Model Series events. Closing of this transaction is dependent upon the satisfaction of certain conditions precedent.
Lernerville Speedway was made famous by the late legendary track owner and promoter Don Martin. DIRT Motorsports purchased the track from Lernerville Speedway Inc., and Helen Martin, Don's wife who was integral in the success of the racetrack. Lernerville Speedway, one of dirt track racing's most highly regarded facilities, just completed their 37th consecutive season of operation.
"At DIRT Motorsports we will strive to make every effort to honor and carry on the great tradition and success that legendary Don Martin created, nurtured and maintained for so many years at the race track he cared so much for," said Bobby Hartslief, Boundless Chief Operating Officer. "The decades-long success made it attractive and we feel it's a worthwhile investment and we are anxious to work with its extremely strong contingent of weekly racers and loyalists. We are also planning the development of a World of Outlaws Sprint Series Hall of Fame on the premises."
"The acquisition of Lernerville Speedway follows our business plan of acquiring strategic dirt tracks across the country," said Paul A. Kruger, Boundless Chairman and CEO. "Lernerville's reputation and history will help us in our goals to significantly increase visibility of the World of Outlaws Sprint and World of Outlaws Late Model Series."
About Boundless Motor Sports Racing, Inc. d/b/a DIRT Motorsports
Based in Norman, OK, 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. "World of Outlaws" is a registered trademark of Boundless.