Parlay Entertainment Inc.
TSX VENTURE : PEI

Parlay Entertainment Inc.

June 17, 2008 00:17 ET

Parlay Entertainment Unveils Parlay 5, the Next Generation of Bingo Software

'Bingo Without Borders' will debut at Third Annual Online Bingo Summit

LONDON, UNITED KINGDOM--(Marketwire - June 17, 2008) - Parlay Entertainment Inc. (TSX VENTURE:PEI), the world's leading supplier of Internet and TV bingo software solutions, will today debut the next generation of online bingo software, Parlay 5, at the Third Annual Online Bingo Summit in London. The powerful software includes a host of ground-breaking features that make it easy for bingo operators to increase their liquidity by pooling players who speak different languages and use different currencies into a single bingo game.

"The foundation of Parlay 5 is our enhanced internationalisation features," said Perry Malone, Chief Technology Officer for Parlay. "Clearly there is strong demand for software that simplifies the process of configuring bingo games, jackpots and chat rooms using multiple languages and currencies."

In addition to internationalisation features, Parlay 5 makes it easier for operators to differentiate their bingo brands in an increasingly crowded marketplace. The new software employs the latest in Flash technology to allow greater freedom in customising the look and feel of the bingo interface, including additional space for branding and advertising and the ability to customise screen real estate.

"In this competitive environment, we know online bingo sites must be able to differentiate themselves from each other more than ever before," says Malone. "Parlay 5 is revolutionary because it makes it easy for sites to develop a unique personality that is miles apart from the competition."

Parlay 5 is just the latest example of Parlay's commitment to developing products for the global marketplace. In July 2004, Parlay was the first company in the world to launch a 90-ball online bingo game targeting UK audiences, which led directly to the country's massive online bingo boom. Swedish variant bingo came two years later, replicating the way 75-ball bingo is played in Sweden.

"Bingo Without Borders is all about giving operators and players the freedom and flexibility they expect," said Malone. "It's bingo software that's designed for a global audience, not just a single market."

Parlay Entertainment is the platinum sponsor of the Third Annual Online Bingo Summit, which runs June 17 and 18 at the Royal Garden Hotel, Kensington, London.

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.

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

For more information on Gaming VC solutions and services, please visit our website at www.gamingvc.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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