iGaming Corporation

iGaming Corporation

December 07, 2006 12:48 ET

iGaming Nevada Subsidiary Exceeds Sales Targets

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 7, 2006) - iGaming Corporation (TSX VENTURE:IGA) ("iGaming" or the "Corporation") announces today that its wholly-owned Nevada subsidiary, National Sports Services (IGC), Inc. ("NSS") has substantially exceeded the sales targets related to its acquisition of assets which was announced on November 6, 2006 (the "Purchased Assets").

iGaming's President and C.E.O., Christopher Kape stated, "we are extremely impressed with the results that Jim Feist and his team were able to deliver in the first two months of our ownership of the NSS assets and operations. These results more than support the valuation of the assets associated with the purchase price and are materially better than comparable results from previous years."

As a result of the Purchased Assets exceeding the pre-determined sales revenue target (being USD $1,500,000 as provided in the Corporation's Press Release of September 28, 2006), the CAD $300,000 cash consideration to the vendor of the Purchased Assets becomes payable.

While still subject to audit at the Corporation's November 30, 2006 fiscal year end, the gross sales revenue which were derived from the Purchased Assets amounted to approximately USD $2.2M, on an unaudited basis, representing more than 46% in excess of the revenue target set out in the Asset Purchase Agreement. For accounting purposes, a portion of these funds will be recognized as revenue in the Corporation's fiscal periods following November 30, 2006.

"With the support of the iGaming resources and personnel, we were able to achieve results that exceeded our expectations. We are very pleased with the positive momentum that is being generated through the leveraging and cross marketing of iGaming's portfolio of assets among its family of subsidiaries" stated Jim Feist, President of NSS.

About iGaming Corporation

iGaming owns and operates assets that provide fact-based and opinion-oriented information relevant to the sports gaming industry. These assets include websites, client-server software, publications and call centers. Although not a gaming operator directly (as it does not operate a gaming facility or accept wagers directly or indirectly from consumers), iGaming is heavily vested in the gaming space as a provider of services and customer leads to various gaming operators.

The Company generates revenues in a number of ways, including various direct to consumer services and direct to gaming operator sales through its portfolio of websites which includes www.JimFeist.com, www.PicksOnline.com, www.Vegasonlinesports.com, www.OffshoreConnection.com, and www.ScoresLinesPicks.com. In addition, iGaming operates Linetracker (www.linetracker.com) a state of the art, real-time sports information system for the more serious bettors and handicappers.

iGaming's common shares commenced trading on the TSX Venture Exchange on September 14, 2006 under the symbol IGA.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of the information contained in the news release.

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