To: Laura E. who wrote (75241 ) 12/22/2000 9:51:18 AM From: StocksDATsoar Respond to of 150070 I'M LOADING UP ON PWIN UP TO 15c......READ THE NEWS AND NOT A BUY RECO.. Applies to -- PWIN PlayandWin Inc. Engages Simmonds Capital Limited PlayandWin Inc. Engages Simmonds Capital Limited LAS VEGAS, Dec 21, 2000 (BUSINESS WIRE) -- PlayandWin Inc. (OTCBB:PWIN) announced today that it has engaged Simmonds Capital Limited (TSE:SMM) for financial advisory services, to source acquisitions for PWIN, enhance current management and board, and to facilitate up to US$5 million in financing. Simmonds Capital will advise and assist PWIN on its current business planing and funding strategy. For its services, Simmonds Capital will earn common shares and warrants as various performance-base milestones are achieved. Simmonds Capital Limited is a merchant banking company with an active role in certain strategic investments. The company's current investments include interactive gaming technology focused on the North American horse racing market and wireless communications. Stewart Garner, president, PlayandWin Inc., states, "The addition of the Simmonds team will strengthen our platform for growth via acquisitions and strategic partnerships. Our recent trip to Arizona was an overwhelming success in presenting Racingo(R) to many racetracks and jurisdictions we had yet to visit. We are extremely enthused about our immediate and long term goals and ambition." PlayandWin Inc. holds the exclusive license to the Racingo(R) concept for the Internet as well as North American on-track and off-track versions of Racingo(R). PlayandWin Inc. retains the right of first refusal to introduce the Racingo(R) concept internationally and to other venues (i.e. cruise ship lines, airlines, Native American gaming and bingo) from Racingo Investments Ltd. PlayandWin Inc., through its 100% wholly owned subsidiary Lynx Gaming, is a partner in Racingo Investments Ltd. For more information about PlayandWin, please visit our Web site at www.playandwininc.com Racingo(R) combines the ease of bingo and the excitement of horse racing with lottery size jackpots. Racingo is a pari-mutuel, 'Bingo-type,' proprietary game with the outcome based on a series of horse races, protected worldwide by trademarks and patents. As in Bingo, Racingo(R) players bet to form a winning pattern on a grid. In Racingo(R), the winning numbers are determined by the outcome of the horse races. This release includes projections of future results and "forward-looking statements" as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release. CONTACT: PlayandWin Inc. Stewart Garner, 905/850-3940 or Simmonds Capital Ltd. John G. Simmonds, 905/833-3838 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: ARIZONA NEVADA INDUSTRY KEYWORD: ELECTRONIC GAMES/MULTIMEDIA ENTERTAINMENT GAMING INTERNET PRODUCT