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To: Elizabeth A Rice who wrote (7661)	2/14/2001 2:42:21 PM
From: John J. O`Reilly	Read Replies (1) of 7701

LIZ, Everything is going to be ok now. Right? MIAMI--(BUSINESS WIRE)--Feb. 14, 2001--NorAm Gaming & Entertainment Inc. (OTCBB:NORE) has officially opened its new head office and showroom in Miami's free trade zone adjacent Miami International Airport. The offices located at 2315 NW 107th Avenue to showcase a line of gaming products including refurbished slot machines and Vaprels 90 number Bingo systems. Mr. Julius Csurgo, CEO, stated that "the Company has been working diligently over the last few months to get the office up and functional in order to help us introduce our new 'Slotsino' concept. 'Slotsino' is a wagering boutique comprised of 100 to 140 slot machines in a facility serving food and beverages in an upscale environment tailored specifically to the growing Central and South American marketplace." In other business, the previously announced acquisition of Grande Resorts Corp. has ended as a result of the Company's due diligence and evaluation of the opportunity available to the company. Also, the previously announced joint venture transaction in El Salvador, to open up the first "Slotsino" is still proceeding, but under different terms and conditions to be announced. The company and its partners are in final negotiations with the Airport Authority of El Salvador regarding the terms of the lease. NorAm Gaming is a multi-faceted gaming company concentrating on the Latin American marketplace. The statements contained in this release, which are not historical facts, contain forward looking statements with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from expected results. Such risks include the timing of implementation and the scope and success of the program described here. --30--cw/clv* CONTACT: NorAm Gaming & Entertainment Inc., Miami Julius Csurgo, 305/402-2085 or 877/324-4435 KEYWORD: FLORIDA INTERNATIONAL LATIN AMERICA INDUSTRY KEYWORD: ENTERTAINMENT GAMING RESTAURANTS ©200

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