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Boundless Motor Sports Racing, Inc. Announces Termination of Employment of Former Owner Ted Johnson and Carlton Reimers.


NORMAN, Okla. -- Boundless Motor Sports Racing, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BMSR BMSR Black Moth Super Rainbow (band) ) (Boundless) announced that former owner Ted Johnson and Competition Director Carlton Reimers are no longer employed by World of Outlaws The World of Outlaws (often abbreviated WoO) is an American motorsports sanctioning body. The body sanctions two major national touring series. It is best known for sanctioning a national tour of sprint cars. , Inc., a wholly-owned subsidiary of Boundless, having either resigned or having been terminated for just cause.

This announcement follows Johnson's appearance at Hartford Speedway Park in Hartford, Mich., yesterday, claiming to foreclose fore·close  
v. fore·closed, fore·clos·ing, fore·clos·es

v.tr.
1.
a. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made.

b.
 on the World of Outlaws assets. Boundless intends to vigorously pursue its legal options against Johnson and his affiliates for what Boundless believes to be Johnson's wrongful conduct. Boundless intends to continue normal operations pending resolution of this situation.

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 public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  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.worldofoutlawsracing.com and www.WoOLMS.com.

This release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 15, 2004
Words:256
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