InterAmerican Gaming, Inc.
OTC Bulletin Board : IAGM

February 26, 2009 14:29 ET

InterAmerican Gaming Places Slot Machines in Peru

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2009) - InterAmerican Gaming, Inc. (OTCBB:IAGM)("IAG") announced today that its wholly-owned subsidiary IAG Peru S.A.C. ("IAG Peru"), will be installing 80 slot machines at Fantasy Club Del Peru SA ("Fantasy") locations throughout the country.

Fantasy is a significant casino operator in Peru operating under various brands: "Texas Station" in Lima, "Solid Gold" in Chiclayo, Chincha and Trujillo, "Monos Dorados" in Huacho and Zarate, and "Slot City" in Chiclayo. IAG Peru will be placing 80 slot machines in four Fantasy locations in the cities of Chiclayo, Huacho, Huaral and Chincha. The company reports that 24 machines have already been installed in Chiclayo, with the balance anticipated over the next month.

"We are looking forward to working with the Fantasy Casino Group," said Julio Calmet, Managing Director of IAG Peru. "We have been working hard on securing installation orders since we received our license, and this is another significant step."

In March 2008, IAG Peru received licensing approval from the Peruvian Ministry of Foreign Trade and Tourism to operate a gaming enterprise in that country.

"We engaged Julio Calmet to identify just this type of opportunity," said John Simmonds, President and CEO of IAG. "He is a highly respected executive in Peru with abundant experience in gaming operations. IAG Peru is fortunate to be able to benefit from his participation. Bigger picture, IAG continues to look for casino opportunities to expand our footprint in Peru, and our goal is to assist local operators with our knowledge of North American casino operations."

About InterAmerican Gaming, Inc.

IAG is focused on developing gaming opportunities in Latin America, combining extensive gaming industry experience in the region with specialization in operating in regulated jurisdictions, implementing technology, systems and marketing programs. IAG supplies slot machines and casino management to licensed casino operators in Latin America. IAG is committed to adhering to all licensing standards and requirements.

Forward-Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of IAG could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, included in our SEC filings.

For more information, please visit www.interamericangaming.com.

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