TrackPower, Inc.
OTC Bulletin Board : TPWR

TrackPower, Inc.

August 07, 2006 08:37 ET

TrackPower Receives Temporary Gaming License For Vernon Downs

TORONTO, ONTARIO--(CCNMatthews - Aug. 7, 2006) - TrackPower, Inc. (OTCBB:TPWR) today announced that the New York State Lottery has approved a temporary license to operate video gaming machines at Vernon Downs Raceway located in Vernon, New York. The facility includes a 34,000 sq ft gaming facility, a harness track and a 175 all suite hotel.

Edward Tracy, CEO of TrackPower stated; "The gaming facility is one of the key components of Vernon Downs, and we are very happy to mark the completion of this process with such a compelling entertainment offering. We continue to make progress in our efforts to open Vernon Downs and remain hopeful that we can introduce this new and expanded racing venue and resort to the area in the very near future."

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