To: y2kfree_radical who wrote (65186 ) 9/27/2000 3:43:17 PM From: SSP Read Replies (1) | Respond to of 150070 OK here's news, OGAM - Online Gaming Systems Announces Product Approval By the Nevada Gaming Commission OGAM Completes Restructuring and Moves Corporate Headquarters to Las Vegas, Nev. LAS VEGAS, Nev., Sep 27, 2000 /PRNewswire via COMTEX/ -- Online Gaming Systems, Ltd. (OTC Bulletin Board: OGAM) CEO Gary Ramos announced today that the field trials being held for the "Mini-Touch" (patent pending) slot machine have been successfully concluded. This means the Nevada Gaming Commission and the FCC have now approved the "Mini-Touch." The product has been developed by OGAM's wholly owned subsidiary Excel Design over the past 2 (two) years in Las Vegas. The official launch and display of the product will be at the World Gaming Conference and Exposition to be held October 18-20, 2000. As has been previously released, Anchor Gaming has been appointed the exclusive North American agent for the "Mini-Touch" and is excited by the market prospects for this product. Within the next 6 (six) months it is expected that the "Mini-Touch" will be available in international markets, especially Australia, which has the second-largest population of slot machines outside of Nevada. The "Mini- Touch" will fill specific market niches in both the land-based and cruise line gaming industries. OGAM would also like to announce that the reorganization of its management and staff is complete. OGAM's new corporate offices will be located in Las Vegas, Nev., with a satellite development office located in Delray Beach, Fla. The move will be completed by October 6, 2000. Gary Ramos, President/CEO, stated, "With our reorganization in place, along with our long-term financing secured, OGAM has positioned itself to execute its new business model which includes hosting for our customers through strategic alliances, along with our Play For Fun services and our own hosting in Las Vegas. The certification process of our software continues to move forward and when complete will help secure our place in the regulated market segment. Some misinformation on the company's viability has been placed on various Internet sites. Let me reiterate, the company has put into place a plan and resources to insure its future." Online Gaming Systems, Ltd. (www.ogsltd.com) develops and markets Internet and private network transaction-based products that it only offers to licensed gaming operators in regulated jurisdictions. These products include Internet Casino Extension(TM) (ICE)(TM), a growing suite of casino games; webSports(TM), a sports wagering system; Lotto Magic(TM), a lottery system for private, government and fund-raising purposes; and Bingo Blast(TM), a multi- player system for charity and private organization use. The company also offers wireless and portable gaming devices through its Las Vegas-based Excel Design, Inc., a wholly owned subsidiary and Anchor Gaming (SLOT), its exclusive North American distributor. This press release contains potential forward-looking statements regarding the Company. The future performance of the Company involves risks and uncertainties that could cause actual results to differ materially. Such risks include competition and pricing pressures, dependence on telecommunications carriers, management of growth, customer turnover, technological change, governmental regulation, unauthorized use of technology, system failures and a variety of stock market-related risks. For a more complete description of certain such risks and uncertainties, the Company refers you to the documents that the Company files from time to time with the Securities and Exchange Commission, including 10K filed May 7, 1999, and form 10Q filed November 18, 1999. SOURCE Online Gaming Systems, Ltd. CONTACT: Gary Ramos, President & CEO of Online Gaming Systems, Ltd., 702-736-7876, or fax, 702-836-3065 URL: ogsltd.com