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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo

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To: David W. Tucker who wrote (7685)4/16/2001 12:49:28 PM
From: Elizabeth A Rice  Read Replies (1) of 7701
 
NorAm Gaming & Entertainment Announces the Appointment of John P. Corrigan as
C.E.O.

MIAMI--(BUSINESS WIRE)--April 16, 2001--NorAm Gaming & Entertainment Inc. (OTCBB:NORE - news) announced
today that the resignation of Julius Csurgo as director and C.E.O. has been accepted by the board of directors.

Chairman George C. Zilba announced that the board of directors has appointed Director John P. Corrigan as C.E.O.

Corrigan has been a practicing attorney in Miami for over 25 years and has also served as an Associate Professor of
Law at the University of Miami School of Law. NorAm's new C.E.O. is also a former director for the City National
Bank of Florida and the Central American Exchange Bank.

A widely known community leader in the Greater Miami area, Corrigan has also distinguished himself in the
Caribbean and South American region through his extensive knowledge of corporate, tax and international law.
Corrigan has served as legal counsel for a number of major industries and has a broad background in Latin American
business interests.

Zilba acknowledged the enthusiasm of the board regarding the appointment of Corrigan: ``In John Corrigan we have
a time-tested professional that has demonstrated his ability to make good things happen.''

Zilba also announced that the Company has engaged the services of Dirocco & Dombrow, P.A., Certified Public
Accountants and Consultants, to complete the filing of NorAm's 2000 10k. The Company has filed for an extension to complete the audit. The extension has been
granted by the SEC, however, due to circumstances beyond the control of the Company, the audit may not be completed within the extension period. NorAm may
therefore experience the addition of the letter ``e'' to its normal stock for a period of up to 30 days past the allowed extension. The auditors have assured the
Company that the audit will be completed and filed within the time limit provided and the Company will not be in danger of being relegated to the pink sheets.

This news release may contain forward-looking statements that are subject to risk and uncertainties. Actual results may differ materially from such
forward-looking statements as a result, including those described in NorAm Gaming & Entertainment Inc.'s reports filed with the SEC.
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