ISIS Lab Corporation
TSX VENTURE : LAB

ISIS Lab Corporation

January 21, 2014 08:00 ET

ISIS Lab Appoints Senior Vice President of Operations and Business Affairs and Grants Options

TORONTO, ONTARIO--(Marketwired - Jan. 21, 2014) - ISIS Lab Corporation (TSX VENTURE:LAB) (the "Company" or "ISIS") is pleased to announce the appointment of Mr. Anthony Abrahamson as Senior Vice President of Operations and Business Affairs. The appointment is subject to certain approvals, including the approval of the TSX Venture Exchange.

Mr. Abrahamson provides a decade of experience in the Internet Gaming arena, serving as a C-level executive. Mr. Abrahamson's extensive experience in the iGaming business, coupled with his proven track record in building out technology based businesses, identifying and mobilizing high performing teams, translating strategy and vision into successful and profitable organizations is well suited to the goals of the corporation.

Prior to joining ISIS, Mr. Abrahamson served as the Global COO (Operations and Business Affairs) for the Tribeca Tables Poker Network, ("Tribeca"). As a key member of the executive team in the early growth years at Tribeca he oversaw the business and legal affairs of Tribeca, including the sale to Playtech Ltd. for an estimated USD$139 million in 2006.

Playtech Ltd. ("Playtech") is a public company which is listed in the United Kingdom. Playtech has developed and licenses some of the most successful online gaming platforms and products for the iPoker Network. At the time of its sale to Playtech, Tribeca Tables was considered to be the second most popular poker network globally, based on a player liquidity basis, and second only to Party Poker.

Mr. Abrahamson received his law degree from the University of the Witwatersrand in Johannesburg South Africa, and practiced law in South Africa as an attorney prior to joining the iGaming industry.

"I am extremely excited to have joined the ISIS Lab Corp. team and feel the ISIS Friends® product strikes a sweet spot with the convergence of Social Media and iGaming," said Anthony Abrahamson. He went on to say, "in my opinion the ISIS Friends® platform is truly ground breaking; the energy, commitment and passion of the entire ISIS team is phenomenal."

"Anthony is a well-seasoned gaming industry executive who was responsible for growing the Tribeca Tables network to becoming the second largest network after Party Poker in the mid 2000's. He is one of the most valued and sought after executives in the industry, and we are pleased to welcome him to the ISIS Lab Family," said Daniel Kajouie, Chairman and CEO.

GRANT OF OPTIONS

ISIS will also like to announce that it has granted effective January 21, 2014 an aggregate of 1,000,000 stock options to various officers and consultants. An aggregate of 1,000,000 options is exercisable at $0.40 per common share. Each option is exercisable for five (5) years from date of grant. The options are being granted pursuant to the Company's incentive stock option plan and are subject to any necessary regulatory or stock exchange requirements.

About ISIS FRIENDS®

ISIS FRIENDS® will be the first true social network built and regulated for the online gaming market providing the UK audience with a product differentiator both from a social interaction perspective and a substantial library of games available and integrated at launch. ISIS Friends® is on track to have the largest portfolio of games available for social online gaming. ISIS Friends® cutting-edge technology is designed to be future ready, scalable, modular, with the ability to expand integrations without limit. ISIS Friends® was built with the ability to support third-party game integrations, cashier support, customer support, social networking, and backend operator support.

About ISIS Lab Corporation

ISIS is the developer and provider of an award winning social gaming software platform. With experienced social gaming leadership and development teams, ISIS Lab looks to leverage the anticipated growth in regulated, real-money, online gaming through the application of the social graph and the gamblification of social games. The ISIS platform was developed for both social gaming and monetized gaming for clients operating within regulated markets. For ISIS clients operating within fully regulated markets the company offers a turnkey solution including a full commerce application and back office suite. ISIS was the winner of The 2013 Most Innovative Startup Company of the year at the 2013 GIGSE Conference in San Francisco, California.

On Behalf of ISIS Lab Corporation

Daniel Kajouie, Chairman and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information:

Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may use such words as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements include, but are not limited to, the expectation that ISIS Friends® will be the first true social network built and regulated for the online gaming market, and that ISIS Friends® is on track to have the largest portfolio of games available for social online gaming. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. The forward-looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, delays with the launch of ISIS Friends® and the acceptance of the product in the target market, competition in the industry and markets in which the Company operates, the Company's stage of development, long term capital requirements and future ability to fund operations, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of ISIS operates. The foregoing list of factors is not exhaustive. Please see the Company's prospectus dated October 23, 2013, available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether a result of new information, future results or otherwise, except as required by law.

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