UBA Technology Inc.

UBA Technology Inc.

March 20, 2006 21:01 ET

UBA Technology Inc. Delivers First Kiosk-Based Peer-to-Peer Betting Exchange Platform for Land-Based Casinos in Oklahoma

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2006) - UBA Technology Inc. (PINK SHEETS:UBTA), has entered into agreements to deliver its proprietary kiosk-based, peer-to-peer betting exchange platform for installation in stand-alone, self-operating kiosks, within traditional land-based casinos in select locations throughout the United States.

UBA has completed and delivered a fully functional operating system for which the host casinos have the ability to provide real time sports betting on a kiosk-based system. The interested parties are excited about its up-coming launch into selected casinos looking to break into this lucrative venue.

Kiosks will provide casinos an opportunity to increase their sports betting volume by strategically placing the kiosks in high traffic, well-travelled casino areas. These betting systems have the potential to include wireless devices, allowing casino gamblers to place bets from their hotel rooms, hotel restaurants and bars, and even poolside.

With high speed broadband and wireless services now available on a global basis, UBA is well positioned to market its betting exchange platform to qualified online operators. This software would give online operators the ability to generate additional revenues from their current casino and poker clientele.

Juniper Research estimates that mobile gambling will be a US$16.6 billion business by 2008. Geographical and cultural forces are also at work on these projections, particularly in the Asia-Pacific regions driven largely by China. The popularity of gambling, coupled with the rapid growth in mobile phone penetration in the next five years, should assist UBA in its plans to leverage its internet-based betting exchange client base.

The timing for UBA's entry into the market place is excellent as the global gaming market continues to expand, not only for online poker companies (Party Poker -Party Gaming - PRTY.L) and traditional bricks-and-mortar casinos (Wynn Resorts - WYNN), but also for online gaming software providers (Cryptologic Inc. - CRYP.Q).

Forward-Looking Statements:

With the exception of historical information, this news release and accompanying information may include forward-looking statements that involve a number of risks and uncertainties. Actual results could differ materially from those anticipated as a result of various risks. There are numerous factors that could contribute to such differences, therefore such projected events and anticipated results are not warranties or guarantees that such events will occur or that the Company will achieve such results. For more information about this corporation, please see the company's website.

Contact Information