Online Games Board

We would like to inform you of the acquisition of the International (non-US) facing business of GFED Games by CGTV Games.

This acquisition involves the products and services of GFED Games, including the affiliate program Gambling Federation

Over the next few days, you will see a complete rebranding of all adjacent products and services to reflect this new ownership. The affiliate program will itself be involved in this shift, and you will be notified of the details, including the name change, within a few weeks.

In order to comply with legislation recently introduced in the United States, we will be withdrawing ourselves from that market in the coming months. All commissions generated from your US players will be honoured in full, until the time of complete withdrawl from the US market. You will be notified on the exact termination date. Please note that this change will not affect your USD currency commissions generated by non-US players.

Please see the attached official Press Release issued by CGTV Games.

DUBLIN, IRELAND, January 17th, 2007 — CGTV GAMES LTD (Ireland) today announced that it has acquired the International (non-U.S.) assets of GFED GAMES, one of the world’s leading providers of online casino games software and support services.

CGTV GAMES LTD will use this technology and intellectual property assets acquired from GFED GAMES to provide kiosk based and online casino operators with the latest casino games, in multiple languages, in multiple currencies, through multiple electronic delivery platforms, in Europe, Asia and South America.

CGTV GAMES LTD is leading the interactive entertainment industry by offering state of the art casino software, services, and game solutions which are designed to help casino operators achieve their maximum potential internationally. CGTV GAMES offers casino and gaming products that are localized and supported in 17 languages, with several currencies in nearly 200 countries or territories throughout Europe, Asia, Africa, Central and South America. The CGTV GAMES Casino Software is available in downloadable, and non-downloadable flash versions, with 100 games and growing.

Key personnel from GFED GAMES will be joining CGTV GAMES LTD and will form a part of its international team and growth strategy. Other terms of the acquisition were not announced.

The Board of Directors of CGTV GAMES immediately took the decision to withdraw its support for online casino operators in the US market.

All online casinos of G-Fed :