SOURCE: MegaMania Interactive

May 04, 2005 08:00 ET

MegaMania Interactive Announces FOREX Development Initiated

HOUSTON, TX -- (MARKET WIRE) -- May 4, 2005 -- MegaMania Interactive, Inc. (OTC: MNIA), a developer of advanced web-based software, announced its programming team has commenced the development of an integrated Foreign Exchange (FOREX) “Currency Trading Platform” to support currency traders globally.

MegaMania’s integrated trading platform will consist of:

1) Charting Software to provide real-time streaming quotes in 14 currency pairs, a robust suite of analysis tools, real-time streaming market news and a global economic calendar.

2) Live Commentary featuring streaming audio capabilities along with telestrator technology to allow traders to hear a mentor’s advice while viewing the mentor’s markings on their computer in real-time, similar to John Madden’s football diagrams.

3) eLearning Training applications will deliver online trading lessons on topics ranging from FOREX basics to trading strategies. Traders will be able to complete lessons at their own pace and review the information as often as they like.

4) Automated Trading Technology will execute trades automatically while allowing the selection of conservative, medium or aggressive investment preferences.

5) Currency Dealing Station will allow traders to execute currency trades with all the convenience and essential tools needed to trade and manage their account.

Release of the first phase of the platform is scheduled for July with continued upgrades to be introduced throughout the remainder of 2005.

About the FOREX

The Foreign Exchange is where currency is traded between the world's top banks and corporations. For a size comparison, the entire stock market trades approximately $300 billion per day while the FOREX currency market can trade as much as $2 trillion daily.

Trading the FOREX Exchange is relatively new to individual traders; it was not until 1998 that the FOREX was opened to individuals by U.S. brokerage houses. The number of FOREX traders globally is currently estimated at 12 million in an industry expected to have enormous growth.

About MegaMania

MegaMania maintains two development centers with programmers, graphic artists and media teams spanning most software disciplines. MegaMania specializes in the development of advanced web-based solutions for business.

"Safe Harbor" Statement:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Except for historical information, all statements, expectations and assumptions contained in the foregoing are forward-looking and involve a number of risks and uncertainties. It is possible that the assumptions made by management may not materialize.

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