TransGaming Inc.
TSX VENTURE : TNG

TransGaming Inc.

April 22, 2010 08:00 ET

TransGaming Retains US-Based Financial Communications Agency

TORONTO, ONTARIO--(Marketwire - April 22, 2010) - TransGaming Inc. (TSX VENTURE:TNG), a leader in the development of innovative software portability products that facilitate the deployment of video games across multiple platforms, today announced it has initiated a new corporate communications program to improve shareholder relations in the United States. As part of the program, TransGaming has retained Wolfe Axelrod Weinberger Associates LLC in the United States to communicate its strategic goals and business opportunities in order to increase investor awareness and thereby enhance shareholder value.

Vikas Gupta, CEO & President of TransGaming, said, "TransGaming has achieved significant milestones in 2009 and we are at a point in our growth that we require an expansion of our investor relations program in order to broaden our investor exposure. We have retained Wolfe Axelrod Weinberger Associates to establish an investor audience in the US, especially given their prior successful experience within the video games industry. TransGaming has a very compelling story to relay to investors and we look forward to working with Wolfe Axelrod Weinberger in the future."

Spearheading the communications efforts on behalf of Wolfe Axelrod Weinberger Associates will be Adam P. Lowensteiner, Senior Account Executive. Adam has built a specialty in micro and small cap securities through his professional career. Prior to joining Wolfe Axelrod Weinberger, in October 2000, Mr. Lowensteiner worked as a sell side analyst with CJS Securities as a generalist, but covered the video games industry. Prior to CJS, Mr. Lowensteiner worked several years with Individual Investor Group as a Senior Research Analyst, researching micro and small cap ideas for the company's various publications and investment vehicles. Mr. Lowensteiner graduated from the Sy Syms School of Business at Yeshiva University with a Bachelors of Science in Finance.

Adam Lowensteiner, stated, "We are extremely pleased to be selected by TransGaming as its investor relations agency of record in the U.S. TransGaming has built a solid foundation for future growth opportunities within the video games industry and we are delighted to represent the Company during this exciting time in its history. Our main goal will be to develop strong awareness of TransGaming to investors in the U.S., which has a large audience already following the video games industry at large. We plan to work closely with management in relaying the Company's value proposition through targeted outreach to institutional investors, sell side analysts and high-net worth individuals."

The term of the retainer agreement is one year and the Company has agreed to pay a retainer fee of US$4,000 per month plus allowable expenses. In addition, the Company has approved incentive compensation in the form of options to purchase 125,000 fully paid and non- assessable shares of common stock of TransGaming, issued under the terms and conditions of the Company's stock option plan and subject to approval of the TSX Venture Exchange and federal and state regulatory approvals in the United States.

About Wolfe Axelrod Weinberger Associates LLC

Wolfe Axelrod Weinberger Associates LLC (WAW) has been representing publicly traded emerging growth companies to both Wall Street and Main Street for over 25 years. WAW designs and implements pro-active, creative and aggressive programs that enable our clients to lower their cost of capital and capture the attention they deserve from the investment community and the media. For additional information, go to www.wolfeaxelrod.com.

About TransGaming, Inc.

TransGaming Inc. (TSX VENTURE:TNG), is a leader in the development of unique software portability products that facilitate the deployment of games across multiple platforms. TransGaming's portability technologies significantly reduce the time-to-market for and costs associated with multi-platform game releases. TransGaming works with many of the industry's leading developers and publishers to enable their games on the Mac and Linux operating systems, and currently markets its products under four brand names: Cider (Mac Gaming), Cedega (Linux Gaming), SwiftShader (Graphics Rendering) and GameTree (Game Publishing & Distribution). TransGaming is headquartered in Toronto, Canada. It maintains a research and development center in Ottawa, Canada and its digital home division in Atlanta, Georgia, which is focused on development efforts for GameTree.tv. To learn more about TransGaming visit http://www.transgaming.com.

The TSX Venture Exchange does not accept the responsibility for the adequacy or accuracy of this release.

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