Boundless Motor Sports Racing, Inc. Merges with the Entity, Inc.Business Editors/Automotive Writers RICHARDSON, Texas--(BUSINESS WIRE)--Aug. 1, 2003 Boundless Motor Sports Racing, Inc. (Boundless) announced today that it has completed a merger with The Entity, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ENTY), a publicly-traded company with no operations. Pursuant to the merger, the shareholders of Boundless have become the controlling shareholders of The Entity. Subsequent to the merger, The Entity, Inc., will change its name to "Boundless Motor Sports Racing, Inc." "Completing this merger is a key step in our plans to make Boundless the premier dirt racing company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. This merger will provide us the financing flexibility to make significant steps towards the execution of our strategic business plan," said Paul A. Kruger, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Boundless. About Boundless Motor Sports Based in Richardson, TX, Boundless is a racing and sports entertainment Sports entertainment is a type of of entertainment that takes the form of a sporting event, but with more emphasis on dramatic storylines, humor, spectacle or titillation than on a contest of athletic skills. company. Boundless is currently pursuing the acquisition of dirt motor sports racing sanctioning sanc·tion n. 1. Authoritative permission or approval that makes a course of action valid. See Synonyms at permission. 2. Support or encouragement, as from public opinion or established custom. 3. 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 Leslie Wulf - President of Boundless Motor Sports Racing, Inc. at 972-783-8500, leswulf@boundlessmotorsportsracing.com, or visit our company web page at www.boundlessmotorsportsracing.com. This release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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