News

Racing fans to get RaceVision

March 27, 2002

NEW YORK - TrackPower Inc. (OTCBB: TPWR) has entered into an exclusive worldwide distribution agreement with Post Time Technologies Inc. to be its exclusive reseller of PTT's RaceVision kiosks.

RaceVision is a horse racing video replay and archiving service available to customers via a kiosk located within a racetrack or gaming facility. The kiosks will be incorporated with an ATM.

Under the agreement, PTT will receive 100,000 common shares of TrackPower as a commission for every location that places ATMs. The non-ATM kiosk profits will be shared between TrackPower, PTT and the race track. PTT and TrackPower will each receive an equal share of the ATM revenues. The companies will also enter into a non-compete and management services agreement as well as other cooperative initiatives.

Las Vegas-based Post Time Technologies Inc. is a privately owned research and development company. It creates proprietary products for the international racing and gaming industries. RaceVision was the company's first product to market. The system integrates race replays with past performances, entries, results and payoff information, as well as official photo finish images.

The entire system is operated remotely from Post Time's control center. Races are captured live (from satellite) at PTT's Vancouver, British Columbia facility, then processed and transmitted back to PTT servers located at racetracks and Off Track Betting facilities (OTBs).

Designed to be delivered through touchscreen kiosks, information is processed and delivered back to the system within minutes of the finish of each race. Post Time Technologies also recently launched its interactive racing portal, TrackVision.com, which provides racetracks with a turnkey solution for broadcasting their live races and replays on the Internet.

TrackPower Inc. combines leading-edge kiosk technology with ATM's to deploy integrated information services at racetracks, OTB's and other gaming facilities. The kiosk/ATM system delivers information, cash, advertising content, loyalty programs, integrated race information, entries and results, live and archived video, and e-commerce.