SOURCE: Interactive Games Inc.

January 30, 2006 09:15 ET

Interactive Games Inc. Enters AWP Redemption Market With New Video Redemption Game Terminals for Participating States

Company Will Brand Games as "Interactive Video Redemption Terminals "or "IVRs" With South Florida Market as First Release

WEST PALM BEACH, FL -- (MARKET WIRE) -- January 30, 2006 -- Interactive Games Inc. (OTC BB: GAM), a developer and licensor of specialty slot machine and mobile entertainment software to the casino gaming and wireless entertainment industry, today announced plans to enter the AWP redemption market under which the company will begin producing its proprietary brand of video redemption gaming terminals by March 06. The Company will brand the games as "Interactive Video Redemption" Terminals or "IVRs" for locations throughout South Florida in adult arcades, amusement centers as well as existing operations through participating state operators.

"The video redemption market has seen a remarkable increase, especially with recent legislation in some Florida counties for Class III, or Las Vegas-style gaming at paramutual facilities. Our games will cater to those who may not frequently travel to the horse and dog track to play, but to their local shopping centers seeking the safe and friendly environment of a recreation or amusement center," stated Michael Friedman spokesperson for Interactive Games. The Interactive redemption games will have similar "look and play" as video slots machines, but will be designed for "skilled play" with redemption gift payouts as set forth under Florida state statute guidelines.

"Our game design team based in Las Vegas, has developed some of the most popular games and slot machine titles played in most casinos across America. We plan to bring new and engaging content to our own platform and operator locations that we believe will compete and with what is already within the redemption marketplace. Our goal would be to place at least 350 to 500 machines over the next 4 months between 4 or 5 operators. Typically, these machines in popular locations will hold anywhere from $40.00 to $80.00 a day or higher. Interactive Games would receive up to 30% per day for participation, placement and maintenance for our operator locations. We have indications of three new operations now, with the first to be open sometime in March 06. Our production of the IVRs can begin at approximately 100 machines per week as needed using gaming software of popular titles, and new redemption games and titles beginning in March 06 as well," stated Friedman.

About Interactive Games

Interactive Games Inc.,, is a developer and licensor of interactive casino technologies and mobile gaming applications. Interactive Games has entered into license and distribution agreements with Ed McMahon for the Interactive Games "Million Dollar Madness Class III Slot Machine," Best Bet Media, Global Gaming, 9 Squared Inc. and other third-party manufacturers and distributors, in which the company has the right to market, sublicense and distribute gaming and mobile entertainment products under the Interactive Games brand.

Contact: 1.866.568.GAME

Risk Factors and Forward-Looking Statements

This news release contains various "Forward-Looking Statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are intended to be covered by the safe harbors created thereby. Statements made in this release which are not historical in nature, including but not limited to statements using the terms "may," "expect to," "believe," "should," "anticipate," and other language using a future aspect, are referred to as forward-looking statements, should be viewed as uncertain and should not be relied upon. Although our management believes that the results reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the expectations expressed in such forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include those set forth in the Company's annual report on Form 10-KSB for the year ended July 31, 2005, and in other filings made, from time to time, by the Company with the Securities and Exchange Commission, including the Company's Registration Statement on Form SB-2.The forward-looking statements contained herein speak only as of the date when made and the Company does not undertake to update such statements.

Contact Information

  • Contact:
    B. Michael Friedman