Virtual Gaming Enterprises, Inc. Completes Forms 10-K and 10-Q Filings ESCONDIDO, Calif., May 2 /PRNewswire/ -- Virtual Gaming Enterprises, Inc. (OTC Bulletin Board: VGAME) today announced that its audit has been completed and that Forms 10KSB and 10QSB have been filed with the Security and Exchange Commission and are available on the EDGAR System today. 
  Mr. Virgil Williams, President and CEO of Virtual Gaming Enterprises, Inc., states, "These filings are the most important step to achieving the milestone of 'Full Reporting Status'." 
  Virtual Gaming Enterprises, Inc. is in the business of gaming on the Internet and operates a family of virtual casinos at www.thecasinothemepark.com, is a partner in the Live Sports Book, www.vegasbook.com, and is a Master Gaming Licensee for the Commonwealth of Dominica (PRNewswire July 7,1999). 
  Except for historical matters contained herein, the affairs discussed in this press release may contain forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. These forward-looking statements may reflect assumptions and involve risks and uncertainties that may affect Virtual Gaming Enterprises, Inc. future business and prospects and could cause actual results to differ materially from these forward-looking statements. 
  -------------------------------------------------------------------------------- SOURCE:  Virtual Gaming Enterprises, Inc. CONTACT:  Communications Group, 888-748-4111, for Virtual Gaming Enterprises, Inc. |