Interactive Motorsports' Announces $1 Million in Fourth Quarter Earnings and Positive Earnings and Operating Profit for 2004 3/11/2005 9:00:21 AM INDIANAPOLIS, Mar 11, 2005 (PRIMEZONE via COMTEX) -- Interactive Motorsports and Entertainment Corporation (IMTS) today announced 2004 fourth quarter net income of $1,088,901 on revenues of $2,369,249 compared to a net loss of $1,259,702 on revenues of $1,800,960 for the fourth quarter of 2003. Approximately $1.5 million of the 2004 revenue is attributable to the previously announced sale of 34 of its simulators to an unrelated third party. For additional information regarding the sale, see the Form 8K filed with the Securities and Exchange Commission on January 6, 2005. For the year ended December 31, 2004, net income was $8,869 on revenues of $7,071,834 compared to a net loss of $3,525,581 on revenues of $7,557,978 for the year ended December 31, 2003. The company reported an operating profit for the year 2004 of $363,286, including the gain from the fourth quarter simulator sale. The company plans to file its Form 10K with the Securities and Exchange Commission the week of March 21, 2005
Interactive Motorsport's NASCAR Silicon Motor Speedway racing centers offer its customers the most realistic and entertaining NASCAR race simulation in the world. 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.
2005 ValueRich Small-cap Financial Expo Exhibitor Profiles 3/9/2005 10:00:06 AM PALM BEACH, Fla., Mar 09, 2005 (BUSINESS WIRE) -- The 2005 ValueRich Small-Cap Financial Expo takes place March 9 through March 12 at the Palm Beach County Convention Center in Palm Beach, Fla. For in-depth information about the event please visit http://www.valuerichonline.com/convention/Posts: 211 | Registered: Oct 2004
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