Panoz Esperante Race Car To Appear In ISI's rFactor Racing Simulator

FOR IMMEDIATE RELEASE





ANN ARBOR, MI (May 9th 2006) - Image Space Incorporated (ISI), leading developer of auto simulation software, today announced a partnership with small-volume American car manufacturer, Panoz, to incorporate the Esperante race car into the award-winning rFactor PC racing simulator.

"By acquiring the Esperante license, we're able to bring rFactor players the thrilling experience of driving this acclaimed auto with a level of accuracy not found anywhere else," said Gjon Camaj, Vice President of Product Development at ISI.

Georgia-based Panoz has been building high-performance, customizable cars since 1989. The company manufacturers their flagship line of Esperante sports and race cars for domestic and international markets.

"It's a thrill to drive this race car - both on the track and in the simulation," said Tom Milner, driver of the #51 Multimatic Team Panoz Esperante. "After working with the ISI team, I can honestly say that rFactor has accurately captured the spirit of driving this amazing car."

John Leverett, Director of Sales and Marketing at the Panoz Auto Development Company said, "It has been great working with Image Space Incorporated and seeing the stunning results they have been able to achieve with their simulation."

About rFactor
Bringing premium racing simulation to the PC and online community, the rFactor franchise was launched in the third quarter of 2005. It has won a number of awards including Editors Choice from PC Gamer magazine.

Please visit www.rFactor.net for more information.

About Image Space Incorporated
Image Space Incorporated (ISI), headquartered near the Motor City, in Ann Arbor, Michigan, is a premier vehicle simulation software developer. Using proprietary state of the art software, ISI has created more than a dozen computer game software titles for companies such as Electronic Arts (F1 2000, F1 2000 Championship Season, F1 2001, F1 2002, Nascar Thunder 2003 & 2004, F1 Challenge) and Virgin Interactive Entertainment (SportsCar GT, Zone Raiders). ISI technology powers games such as GTR, GTR2 : FIA GT Racing Game, GT Legends, Nascar SimRacing, Jesler Thunder and others currently in development.

Founded in 1992, the company develops and publishes interactive software worldwide for personal computers and man-in-the-loop simulators.

More information about ISI can be found at www.ImageSpaceInc.com.

# # #

CONTACT:
John Bayley
Image Space Incorporated
(734) 662-3660
JohnB@imagespaceinc.com