Transformation Through Teamwork: Motorsports Gateway Howell's Construction Update

OCTOBER 31ST, 2023

The construction of Motorsports Gateway Howell (MGH) has been a labor of passion and persistence for the past 10 months. From a dense, 50-acre wooded forest to a meticulously carved landscape, the progress has been nothing short of remarkable. We’re pleased to share the latest updates in construction as the wheels of our transformation keep turning.

The Road to Transformation

Our mission transcends the creation of a racetrack; we aim to deliver an unparalleled motorsport experience. Our team is diligently working on multiple fronts. Stormwater management and the final cutting-in of the track is ready to be put in place, with the base of the track also on the horizon, pending favorable weather conditions. We're preparing to dig the trenches for garage condo foundations, with the anticipation that, weather permitting, those foundations will be complete by the year's end. The pouring of foundations marks a significant step that will allow us to carry on with construction even during the winter months.

A Testament to Teamwork

The success of MGH is a testament to the exceptional teamwork between our project partners. In just 10 months, we've witnessed a remarkable transformation from a densely wooded forest to an open construction site buzzing with activity. Our partners in construction and engineering have been our allies in achieving this remarkable feat. Their willingness to embrace our unconventional approach has been pivotal to our progress. They've displayed adaptability and a commitment that has enabled us to achieve astounding progress, despite unfavorable weather conditions. As we prepare to lay the foundations for our exciting project features, we do so with a deep sense of accomplishment and gratitude towards our dedicated partners.

As we continue to move forward, we extend our heartfelt appreciation for the support and enthusiasm that have been the driving force behind this journey. Expect more updates as we work tirelessly to turn the vision of Motorsports Gateway Howell into reality. The excitement is mounting, and we can't wait to share it with you.

Notice Regarding Forward-Looking Statements

This communication may contain forward-looking statements within the meaning of the securities laws, including statements regarding our future business plans, growth prospects, and strategic initiatives. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our business and industry, as well as on management's beliefs and assumptions. Statements that are followed by or include words such as "aim," "anticipate," "believe," "estimate," "expect,” “forecast,” "intend," "plan," "project," "seek," "may," "could," "will," “should,” or similar expressions and narratives thereof are subject to this notice. Forward-looking statements may include, but are not limited to, statements regarding anticipated future plans or performance, projections and expectations, market trends, expansion opportunities, and potential strategic partnerships or acquisitions. These statements are subject to various risks, uncertainties, and assumptions, including those described in our newsletters, website, and filings with regulatory authorities.

While our company is not subject to the same regulatory requirements as publicly traded companies, we recognize the importance of providing transparent and accurate information to our stakeholders. Accordingly, our forward-looking statements are made in accordance with applicable laws and regulations governing corporate communications and are based on current information and reasonable assumptions.

Actual results may differ materially from those expressed or implied by these forward-looking statements due to various factors beyond our control. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Our general audience and stakeholders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.