Parlay Entertainment Inc.
TSX VENTURE : PEI

Parlay Entertainment Inc.

January 12, 2006 08:30 ET

Parlay Entertainment Announces Changes to St. Minver/Gala Relationship

OAKVILLE, ONTARIO--(CCNMatthews - Jan. 12, 2006) - Parlay Entertainment Inc. (TSX VENTURE:PEI), the world's leading supplier of Internet bingo solutions announced today that its licensee, St. Minver Limited, no longer operates the online bingo site of Gala Group Ltd. as of January 6, 2006.

"This is not a matter in which Parlay has had any involvement," said Scott White, President & CEO of Parlay. "It is not anticipated to have a detrimental impact on Parlay and we are continuing to monitor this situation with our licensee," Mr. White concluded.

Parlay had originally announced on June 10, 2005 that Gala had joined the St. Minver bingo network.

About Parlay Entertainment

Parlay Entertainment Inc. is the world's leading developer and dominant licensor of Internet bingo solutions. As the inventor and patent holder of Internet bingo, Parlay is the first company in the world to develop and deploy a commercial Internet bingo product. Parlay Bingo is available in both 75-number and 90-number versions and is complemented by a full suite of lottery and casino games. Our multi-player, multi-platform technology is used to power more online bingo sites than any other software provider in the world. Some of the world's best-known brands use Parlay Bingo solutions, including Virgin and Yahoo!

Parlay has a seven year proven track record built on the success of our clients: in 2005, more than 2.6 million paying players enjoyed the experience of playing Parlay games on our licensees' gaming websites. Parlay is headquartered in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.

About St. Minver Limited

St. Minver is the leading turn-key supplier of online gaming solutions, delivering fully-managed 'white-label' gaming channels to high profile customers. Operating under a Gibraltar gaming license, St. Minver offers its partners a full suite of casino, bingo and poker games. The company currently operates 54 white label casino bingo and poker sites across 30 different partners, as well as providing services to an additional 20 poker sites.

For more information on Parlay solutions and services, please visit our Web site at www.parlaygroup.com

This document may contain statements about expected future events and/or financial and operating results of Parlay Entertainment Inc. that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.

The TSX Venture Exchange does not accept any responsibility for the adequacy or accuracy of this release.

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