BETINTERNET.COM ANNOUNCES NEW SPORTSBOOK SOFTWARE PROVIDER

Q1 2006 Launch

Douglas, Isle of Man – betinternet.com, the global online gaming group, today announced the signing of a contract with IGW Software, N.V. of Curacao, Netherlands Antilles for the development of its sportsbook software platform.

The betinternet sportsbook will use IGW’s cutting edge software development, “Tyche”, which is a highly scalable system designed to enable operators greater control over their content, liability and customer management. The new betinternet platform is expected to go live in Q1 2006.

Garry Knowles, Sportsbook Director of betinternet.com said: “We have been seeking a next-generation sportsbook platform that would enable us to provide an innovative and unique proposition for our global Customer base. By contracting with IGW Software, we will have the opportunity to produce a website that exceeds our Customers’ expectations in every area.

I would like, at this time, to thank our present software providers, PDMS, for their invaluable support and contribution during the course of the last 5 years.”

Bryan Abboud, President of IGW Software N.V. said: “We are excited to work with betinternet.com, another publicly traded, leading gaming operator and proud to be a part of their future success. Our software will provide betinternet.com opportunities for cost savings and revenue enhancements while delivering higher player satisfaction. We look forward to a long and mutually prosperous relationship.”