Baymount Incorporated

Baymount Incorporated

April 16, 2007 14:35 ET

FasTrack Guide Makes American Debut

TORONTO, ONTARIO--(CCNMatthews - April 16, 2007) - Baymount Incorporated ("Baymount") (TSX VENTURE:BYM) is pleased to announce that on Sunday April 15th the company's FasTrack Guide made its debut in the United States Harness Racing marketplace at Harrington Raceway, a Racino located in Harrington, Delaware. Baymount has entered into an agreement to provide the novice betting guide to Harrington Raceway and the product was available for their season opener yesterday. This marks the first time that the product has been distributed in the United States.

After being introduced to the American racing industry at the Harness Tracks of America/Thoroughbred Racing Association's Joint Annual Meeting in early March, FasTrack has generated substantial American interest.

Mr. Graham Simmonds, President and CEO of Baymount stated that, "We are very excited to have launched with an innovative and forward thinking partner in Harrington Raceway, and look forward to further penetration into the US and online markets."

He added, "FasTrack is a very important product for the horseracing industry as its primary function is to help educate and foster new fans. As we continue to increase the traffic to the racetrack with alternative gaming products such as slot machines, we are seeing very little cross over of those people to the racing product. Horseracing is a sophisticated wagering experience and FasTrack helps remove the intimidation factor of the racing product and through educating the user, it also provides comfort and more enjoyment in the wagering experience."

Baymount is also pleased to announce that April 9th saw the launch of FasTrack at Grand River Raceway in Elora, Ontario for their season opener. FasTrack is available at all on-track program outlets, as well as for download on the Grand River Raceway webpage, FasTrack was also featured on the simulcast broadcast Tarmac Show, and was very well received throughout the evening.

About the FasTrack Guide

FasTrack is a step-by-step trackside race day guide for novice or first time bettors, which makes selecting a horse and placing a bet both fun and easy. Utilizing sophisticated proprietary handicapping algorithms, the FasTrack guide analyzes and presents complex past performance data in a simple, user friendly 'how-to' guide, that assists players in determining their selection and in placing wagers. Accompanied by a host of other features that serve to educate and empower the less experienced bettor, FasTrack is the definitive tool for introducing the excitement of racing and wagering to new race fans.

Please visit on the web, or contact Mr. Matthew Linton at (416) 979-2881 ext. 225 for further information.

About Baymount

Baymount seeks out and develops opportunities within the horseracing industry. It is the Baymount philosophy to create entertainment destinations for consumers while providing our investors with a vehicle that allows them to participate in the growth of Canadian gaming at racetracks.

Baymount's wholly-owned subsidiary Belleville Racetrack Development Corporation ("BRDC") has an agreement with the Belleville Agricultural Society to build a facility to relocate the Quinte Exhibition and Raceway ("QER") in Belleville, Ontario. QER is one of the 18 racetrack licenses in Ontario eligible to participate in Ontario's Slots-at-Racetracks program. In 2006, the Alcohol and Gaming Commission of Ontario found BRDC suitable to act as Landlord for the proposed OLG gaming premises to be located at the new QER. The company has also received Preliminary Approval for a License to Operate a Racetrack from the Ontario Racing Commission.

Baymount is also pursuing a standardbred racing license for the development of a new racetrack and gaming facility in Brandon, Manitoba. In addition to these exciting development opportunities, Baymount also owns the FasTrack information product, a proprietary horseracing information product with an easy-to-use design that can be used to introduce new fans to the sport of horseracing.

For additional information please visit the company's website at

Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Baymount Incorporated
    Mr. Graham Simmonds
    President and Chief Executive Officer
    (416) 979-2881 Ext.223