INDIANAPOLIS, IN (October 1, 2002) -- William R. Donaldson, Chairman and CEO of Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS), today announced that Fred Treadway has been named to the corporation's Board of Directors. Perfect Line,...
INDIANAPOLIS, IN (October 1, 2002) -- William R. Donaldson, Chairman and CEO of Interactive Motorsports and Entertainment Corp. (OTCBB:IMTS), today announced that Fred Treadway has been named to the corporation's Board of Directors. Perfect Line, Inc., a wholly-owned subsidiary of IMTS, owns and operates the unique NASCAR Silicon Motor Speedway mall-based racing centers.
Treadway, a former recipient of Indiana's "Entrepreneur of the Year" award, was instrumental in the early development of the asbestos abatement industry in the 1970s before he founded Specialty Systems, Inc. (SSI) in 1977. SSI is an Indianapolis-based multidisciplinary environmental management company that provides a broad range of services in the hazardous remediation industry. Today, SSI is recognized as a world leader in the environmental industry and employs more than 600 people in four states.
In 1986, Treadway founded American Safety Insurance Group Ltd. (NYSE: ASI), a casualty insurance company specializing in environmental risks. He serves as the Chairman of the Board of American Safety. Treadway also owns an Indy Racing League (IRL) team that won the legendary Indianapolis 500 race in 1997.
Perfect Line's NASCAR Silicon Motor Speedway racing centers are the largest chain of officially licensed, NASCAR-branded interactive entertainment stores in the world, and offers its customers the most popular NASCAR merchandise available. Perfect Line has integrated sophisticated proprietary racing simulator technology with an exclusive NASCAR license for location-based entertainment and licenses for popular NASCAR tracks and teams. NASCAR racing is considered the number one spectator sport in America, with an estimated 75 million fans and over $1 billion in NASCAR branded retail merchandise sales.