Parlay Entertainment Inc.
TSX VENTURE : PEI

Parlay Entertainment Inc.

June 10, 2008 00:29 ET

Parlay Entertainment to Power New Tain Bingo Network

LONDON, UNITED KINGDOM--(Marketwire - June 10, 2008) - Parlay Entertainment Inc. (TSX VENTURE:PEI) the world's leading supplier of Internet and TV bingo software solutions, is pleased to announce that Tain, a leading supplier of poker, casino and casual games, has signed an agreement to use Parlay bingo technology.

Tain, which hosts a network of leading poker and casino brands, will launch an online bingo network targeting various European markets. The network will be based in Malta and will combine the strengths of Parlay's world-class bingo product together with Tain's existing administration system.

The first two clients to kick-start Tain's bingo network will be Expekt.com and Chili Bingo, followed by many brands from the Tain platform. Expekt.com has an established base of bingo players and therefore it is expected their bingo network will grow quickly.

Aj Thompson, MD of Tain Operations, said: "We have had so much interest expressed by our existing poker and casino licensees, it's a natural progression for us to offer the best bingo solution. We hope to be announcing another major partnership and another excellent new product within the coming weeks."

Steve Cook, European MD for Parlay Entertainment, said: "We are absolutely delighted that Tain has chosen Parlay software to power their new bingo network. Tain has established a very strong poker network model and they see many of their brands ideally suited to leverage a bingo network and reach a new demographic. Operators such as Tain can extrapolate all their network knowledge to build a strong bingo network."

Parlay Entertainment will also be sponsoring and participating in the forthcoming Online Bingo Summit to be held at the Royal Kensington Gardens Hotel in London on June 17 and 18 where they will be showing their latest generation software, Parlay 5.

About Parlay Entertainment

Parlay Entertainment Inc. is the world's leading developer and dominant licensor of Internet bingo solutions. As the inventor and holder of Internet bingo patents(1), Parlay was 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!, Paddy Power, Bet24, NetPlay TV, Bingos.co.uk and the St. Minver bingo network. Parlay's head offices are in Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.

About Tain

Tain is an established gambling solutions provider with offices in Sweden, Malta, Ukraine, Curacao and the UK. Tain has supplied software to the gambling industry since 1999 and offer a broad range of products and services to satisfy all your online gambling needs, from Payments, Hosting and first as well as second line support through to the actual games (Poker, Casino and Casual games) and either a Sportsbook or Betting Exchange. This unique mix is second to none in the online gambling industry.

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

For more information on Tain solutions and services, please visit our website at www.tain.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, Canadian Patents No. 2,340,152 and 2,618,843, 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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