Parlay Entertainment Inc.
TSX VENTURE : PEI

Parlay Entertainment Inc.

November 16, 2006 11:56 ET

Parlay Entertainment to Participate in Online Bingo Business Conference

Software developer teams with Bullet Business for Europe's only forum focused on online bingo strategy.

LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 16, 2006) - Parlay Entertainment Inc. (TSX VENTURE:PEI), the world's leading supplier of Internet bingo solutions, is pleased to announce its participation in Online Bingo Europe 2006, organized by Bullet Business. The one-day event takes place Thursday, December 7, 2006 and is Europe's only online bingo strategy forum.

The conference features senior executives from Parlay, Bingos.co.uk, St. Minver and many others who will speak on all aspects of the online game and how to increase market share and revenues.

"We are pleased to participate in such an event that gathers the brightest minds in the online bingo business today," said Scott White, CEO of Parlay Entertainment. "In our view, anyone who has thought about getting into this rapidly growing segment of the gaming business can use this conference as an excellent forum to learn as much as possible about the variety of options available."

"Online bingo is truly making waves in the online gaming industry," said Pete Carkeek, of Bullet Business Europe. "Whether you're a land based bingo operator, a traditional gambling business, a brand looking to generate more traffic through your website, a software developer with a new solution or a start-up looking to cement your name in the business, this conference will give you the knowledge and contacts to make sure you stay one step ahead of the competition."

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(1), 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, Yahoo! and MSN. Parlay is headquartered in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.

For more information on Parlay solutions and services, please visit 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.

(1) United States Patent No. 6,585,590 "Method and system for operating a bingo game on the Internet", with other Patent applications pending in other countries.

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

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