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Revision History For: YouBet.com (UBET)

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AND THEY'RE OFF......

Tuesday June 16, 6:01 am Eastern Time

Company Press Release

SOURCE: You Bet!, Inc.

You Bet Launches Online Horseracing Network

LOS ANGELES, June 15 /PRNewswire/ -- You Bet!, Inc. (OTC Bulletin Board: UBET - news), a Los Angeles-based interactive technology company, announced today the public release of the You Bet Network, the first online horseracing network to enter the market in the U.S. You Bet is offering free charter membership through the end of July, to horseplayers from participating states across the country.

''We set out to build a network to handle mass participation of simultaneous live events. The results from the limited release demonstrate we have successfully accomplished this goal, and that the network is secure, stable, and scalable,'' said David Marshall, Chairman of You Bet International, Inc.

As many as 40% of the members of You Bet's limited release were online daily, and found the network extremely easy to use. Because of the convenience and accessibility You Bet offers to horseracing, a cross section of both novice and experienced horseplayers indicated they will increase their current play level.

Chris King, limited release member, age 26, ''I'm either at work or on my computer. The ability to be able to bet on races whenever I want from the comfort of my home is important to me. I definitely wager more often.''

David Guidry, limited release member, age 55, ''I love the wager pad in You Bet because it allows me to do all the crazy exotic wagering that I want to do. I can wager from my living room when the horses are in the gate, without pressure.''

Michael Summers, limited release member, age 44, ''All the information that You Bet has available is mind boggling. I like that You Bet has all the information that you could ever want or need, and its all so easy.''

Bill Rosol, limited release member, age 35, ''I love the convenience, and that I'm not limited to going to the track at a certain time, I can just get on my computer any time of the day. Now that you've added harness races I'll be wagering every night.''

James Commander, limited release member, age 56, ''I love horseracing, but it's difficult to get to a racetrack, and with You Bet I can access racetracks all over the U.S. from my PC at home.''

You Bet provides members the ability to watch and wager on a wide selection of coast-to-coast thoroughbred and standard-bred horseracing, via its exclusive closed-loop system network. Members have total access to the network's features, including live audio/video, up-to-the minute track information, real-time wagering information, and value-added handicapping products.

You Bet!, Inc. is a Los Angeles-based interactive technology company that facilitates live events and is focused on content development, network deployment, and management services via a cross-platform environment. You Bet's mission is to be the premier technology and service provider for interactive wagering worldwide, and to create a widely accessible interactive race and sports environment, filled with rich and exciting content. You Bet developed and deployed the world's first PC-based wagering platform and transaction processing software. For further information, visit the company's website at youbet.com or contact Virginia Rodriguez at (310) 444-3300.


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