TrackPower, Inc.
OTC Bulletin Board : TPWR

TrackPower, Inc.

July 26, 2005 09:17 ET

TrackPower, Inc.: Tioga Downs Ground Breaking Ceremony

TORONTO, ONTARIO--(CCNMatthews - July 26, 2005) - TrackPower, Inc. (OTCBB:TPWR) ("TrackPower" or the "Company") announced today the official ground breaking of Tioga Downs on July 22, 2005.

Elected officials, including state Senator Thomas W. Libous, Assemblymen Tom O'Mara and Gary D. Finch, and Tioga County Legislature Chairman Martin L. Borko, participated in the ceremony with John Simmonds, the Company's Chairman, Edward Tracy, TrackPower's CEO and Jeffery Gural, of Southern Tier Acquisitions LLC, the Company's partner in the project.

When completed, Tioga Downs will open with a 15 week harness meet, 750 VLTs, a simulcast facility, restaurants and entertainment. Construction costs are estimated at approximately $22 million.

Ed Tracy, CEO of TrackPower, stated, "We're pleased to officially begin this project, which will create significant shareholder value and a positive local economic impact."

About TrackPower, Inc.

TrackPower, Inc. is a corporation organized in Wyoming in 1993, which currently pursues opportunities in the horse racing and gaming industries and related industries.

This release includes projections of future results and "forward-looking statements" as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.

Contact Information

  • TrackPower, Inc.
    Edward M. Tracy
    CEO
    (905) 773-1987 ext. 226
    or
    TrackPower, Inc.
    John G. Simmonds
    Chairman
    (905) 773-1987 ext. 223