Exhibit 99.1


Jeffrey Gural and TrackPower, Inc. Submit Chapter 11 Bankruptcy Plan to Acquire
Vernon Downs
Thursday June 16, 9:30 am ET

TORONTO--(BUSINESS WIRE)--June 16, 2005--TrackPower, Inc. (OTCBB:TPWR - News)
announced today that it has joined with Jeffrey Gural to form Vernon Downs
Acquisition, LLC as a vehicle to purchase Vernon Downs Racetrack out of
Bankruptcy. TrackPower and Gural have jointly filed a Chapter 11 Plan of
Reorganization together with Mid-State Raceway, Inc, the owner of Vernon Downs.

The Chapter 11 Plan provides that Vernon Downs Acquisition, LLC will become the
sole shareholder of Vernon Downs, but that prior shareholders will be offered
the opportunity to purchase ten (10%) per cent of the membership interests in
Vernon Downs Acquisition, LLC.

If the Plan of Reorganization is approved by the Bankruptcy Court, TrackPower
and Mr. Gural will each contribute one-half of the funding required and each
will hold a one-half interest in the track upon confirmation, subject to the 10%
buy-back for former shareholders.

Jeffrey Gural has previously been the Bankruptcy Court approved lender to the
Mid-State Raceway for $1,200,000.00 to meet its on-going operating costs while
the Bankruptcy is pending. Pursuant to the agreement between TrackPower and Mr.
Gural, Trackpower has provided one-half of the funds necessary for this lending
facility.

As part of the Reorganization, Mid-State Raceway has reached a settlement with
the Harness Horse Association of Central New York, Inc., which is the Horsemen's
Association. Under the Agreement approved by Bankruptcy Court, Mid-State will
pay certain outstanding debts to unpaid Horsemen, fund the Purse Reserve Account
$384,313 and pay certain administrative expenses to the Association. This
settlement clears a major obstacle to resuming racing at Vernon Downs. The
Bankruptcy Court approved the funding of this settlement yesterday.

Vernon Downs Raceway is the oldest harness track in the State of New York.

Mr. Gural is a major owner and breeder of Standardbred racehorses and has a
breeding farm in Stanfordville, New York.

TrackPower has already partnered with Mr. Gural in the acquisition of Tioga
Downs Racetrack located in Nichols, New York. Renovations of the track and
buildings at Tioga Downs are underway and the developers expect to engage in
harness racing in April of 2006. Tioga Downs currently has a Track and a
Simulcast License application pending before the New York State Racing and
Wagering Board.

John Simmonds, Chairman of TrackPower, and Jeffrey Gural expressed enthusiasm
for the concept of operating two tracks in Central New York. The two tracks are
approximately 140 miles apart and serve different markets. Yet, these tracks are
close enough to share resources of management, horses and horsemen, resulting in
significant savings for all parties.


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It is anticipated that the tracks will develop complimentary schedules which
will allow the horsemen a greater number of racing days without traveling to
other parts of the country.

As part of the development of these two tracks, Mr. Gural has spearheaded the
passage of legislation which provides for a greater participation of the Tracks
in the takeout share of VLT proceeds and should allow for greater promotional
activities which, in turn, will increase revenue for the State of New York.

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.

TrackPower, Inc. (OTC Bulletin Board:TPWR - News)
                                     ----   ----


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Contact:
     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



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Source: TrackPower, Inc.



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