HOUSTON, Dec. 6 /PRNewswire-FirstCall/ -- Reality Racing (Pink Sheets: RRGI) has signed a non-binding development agreement with Kenny Wallace based on the development, production, and delivery of new media properties for the professional racing and motorsports industries. The two intend to collaborate on various reality-based programs delivered by traditional on-air broadcasting mechanisms, in addition to streaming interactive content via Internet Protocol Television (IPTV) channels. The company expects its first program offering to be in production by the end of the first quarter of 2008. Quoting from the letter of intent: I am pleased to present this Letter of Intent (LOI) to outline the business relationship between Sandler Communications, Reality Racing Inc (RRGI), and Kenny Wallace to develop various racing-based media properties, including a reality-based TV show about Kenny Wallace and his family. This is a proposal of business terms and a non-binding agreement. Sandler Communications and Reality Racing (RRGI) will initiate an aggressive multi-channel program of sponsor and investment outreach such that Kenny Wallace's annual racing needs will be entirely met for the 2008 Nationwide season. For more information, visit the company webpage at: http://www.realityracingtv.com/, or Kenny Wallace's webpage at: http://www.kennywallace.com/ For media relations and sponsorship opportunities, contact: Rick Carlton PR Racewire 830-693-3366 For investor relations information, contact: Gabe Sandler Sandler Communications, Inc. 866-772-0118 Safe Harbor: Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Reality Racing Incorporated are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Reality Racing Incorporated and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. DATASOURCE: Reality Racing CONTACT: media, Rick Carlton of PR Racewire, +1-830-693-3366, ; or investors, Gabe Sandler of Sandler Communications, Inc., 1-866-772-0118, , both for Reality Racing Web site: http://www.realityracingtv.com/ http://www.kennywallace.com/

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