Feb 19 (Reuters) - Motorsport Games Inc MSGM.O :
* MOTORSPORT GAMES ANNOUNCES EXPANSION INTO KARTING
* MOTORSPORT GAMES - ENTERED INTO A BINDING TERM SHEET TO ACQUIRE ASSETS AND BUSINESS OF KARTKRAFT FROM DEVELOPER BLACK DELTA
* MOTORSPORT GAMES INC - EXPECTS TO TAKE OWNERSHIP OF KARTKRAFT IP AS WELL AS ALL GAME ASSETS AND CODE
* MOTORSPORT GAMES - KEY MEMBERS OF ORIGINAL DEVELOPMENT TEAM OF KARTKRAFT ARE EXPECTED TO JOIN CO TO FORM A NEW STUDIO CALLED MOTORSPORT GAMES AUSTRALIA