SOURCE: Interactive Games Inc.

May 19, 2005 10:27 ET

Interactive Games Announces Initial Purchase Order for Slot Machine Sales

FORT LAUDERDALE, FL -- (MARKET WIRE) -- May 19, 2005 -- Interactive Games Inc. (OTC BB: IGAM) a developer and licensor of interactive casino technologies and mobile gaming applications today announced an initial purchase order for the Company's IG Slot Machines division. The purchase order totaling approximately $100,000 for slot machines to be delivered to newly developed casino operations in Lima, Peru, is expected to expand into the delivery of at least 500 to 1000 machines over the next six months.

Through the Company's strategic partnership with Spin Inc., Interactive Games has created a proprietary online platform creating a "realtime" inventory of refurbished slot machines and table games from all major manufacturers at www.igslotmachines.com. Registered and approved casino operators may register view, purchase machine selections, and set for delivery anywhere in the world from the Company's location in the Port of Fort Lauderdale.

"We were confident that the purchasing platform of www.igslotmachines.com would give us a leading edge in the secondary and international gaming markets by providing online access to games to casino operators world wide. At www.igslotmachines.com, operators can view models, serial numbers, request photos and speak to representatives for additional information before purchasing merchandise and scheduling shipment. Spin was the perfect partner for us in this venture, as they have been a leader and respected business partner in this sector for many years and always have an inventory of at least 1500 machines on hand with discounted pricing. Further, our location with Spin in the Port of Fort Lauderdale gives us the necessary licensing, credentials and shipping access for international orders over any of our competition," stated Adam Wasserman, CFO of Interactive Games.

About Interactive Games

Interactive Games, Inc. (OTC BB: IGAM), www.interactivegamesinc.com, is a developer and licensor of interactive casino technologies and slot machine games to the rapidly growing Class III, Native American Class II, and mobile gaming markets. Interactive Games has entered into license and distribution agreements with Ed McMahon for the Interactive Games "Million Dollar Madness Class III Slot Machine," BestBet Media, Spin Inc. and other third-party manufacturers and distributors, in which the company has the right to market, sublicense and distribute gaming products under the Interactive Games brand.

The Company recently announced an acquisition of www.EntertainmentBroker.com, a premiere online ticket brokerage for access to vertical markets within gaming and entertainment.

About EntertainmentBroker.com

www.EntertainmentBroker.com provides quality service to its' customers, for all major sporting, music and theatrical events who can now purchase tickets from work or home 24 Hours a day, in under 2 minutes. Customers may avoid long lines and secure their seats in advance through secure online purchases, fax or EntertainmentBroker's call center. Clients of EntertainmentBroker derive the benefit of centralized control of total ticket inventory and accounting information and market research data. Our goal is to provide fast, courteous, secure service at a competitive price for people who are looking for premium tickets in or close to the front row for all sporting, music and theatrical events across the country. EntertainmentBroker.com provides you with the exact same Tickets you will find on other Websites, but at a lower price and without any hidden service charges...Compare & Save!

Please visit www.igmobilegames.com for a free download of wireless casino games and www.igslotmachines.com for a real time inventory of Interactive Games product offerings.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in Interactive Games Inc.'s Securities and Exchange Commission filings; economic downturns affecting the operations of Interactive Games, Inc. and its subsidiaries; the inability to initiate or complete any contemplated restructuring, offering, acquisition, disposition or other transaction; adverse financial performance by Interactive Games, Inc. or its subsidiaries; the inability to successfully introduce new products or services; the inability to reduce interest costs; and the unavailability of financing to complete management's plans and objectives. Historical financial results are not an indicator of future financial performance. The forward-looking statements contained in this press release speak only as of the date hereof and Interactive Games, Inc. disclaims any intent or obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Interactive Games, Inc.
    1.866.568.GAME
    For Investor Relations
    Michael Friedman 866.540.2677