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VirtGame and United Coin Unveil Sports Bet Express - Nevada's First Sports Wagering Route LAS VEGAS, Dec. 10 /PRNewswire-FirstCall/ -- VirtGame Corp. (BULLETIN BOARD: VGTI) and United Coin Machine Company announced today the launch of Sports Bet Express (SBX), Nevada's first sports wagering route. VirtGame Corp. is a provider of innovative server-based software to the regulated gaming and lottery industries, and United Coin Machine Company, a subsidiary of Alliance Gaming Corp. , is America's largest slot route operator. Sports Bet Express is a private network for sports wagering that is designed to allow fans to remotely place sports wagers from licensed gaming locations, such as bars and taverns, throughout Nevada. The network employs VirtGame's PrimeLine(TM) sports book software to facilitate sports account wagering into participating Nevada casinos' race and sports books through terminals placed in licensed locations. The SBX software provides the opportunity to bet on a variety of sporting events played around the world. The PrimeLine(TM) service is one of only two sports book systems with regulatory approval as an over-the-counter sports book in Nevada and is both web and kiosk enabled. VirtGame Corp. has received a letter from the Nevada Gaming Control Board approving the deployment of the system in a formal trial. During the trial, United Coin will place the wagering stations in 25 of its Southern Nevada locations and Bally's Park Place has committed to participate as the initial sports book linked to the SBX system. Upon a successful completion of the trial and final regulatory approval, United Coin has plans to distribute and install the SBX wagering stations in the local market. With approximately 8,400 gaming devices operating in 675 locations such as taverns, restaurants, supermarkets, drug stores and convenience stores throughout Nevada, United Coin is the largest slot route operator in the country. "The ability to offer remote sports wagering throughout Nevada in local licensed gaming locations, such as bars and taverns with slot machines, is a tremendous milestone for the industry. SBX should benefit both route locations and the casinos and books that participate on the system by providing convenient and secure wagering stations for players to make a variety of approved sports bets. We expect SBX to be an important addition to our product offerings and are looking forward to expanding the SBX network in Nevada," commented United Coin Machine's President, Bill Nader. Bruce Merati, VirtGame's CEO added, "We are pleased to be in partnership with the largest slot route operator in the U.S. Through this venture SBX has the benefit of United's extensive distribution channel which will provide SBX access with participating bars and taverns possessing the requisite gaming licenses. We believe strongly that the Sport Bet Express will transform the market to the benefit of consumers, casinos, and taverns." About VirtGame Corp. VirtGame Corp. is a provider of innovative server-based networked gaming software solutions to the Gaming and Lottery industries. The Company has built the VirtGame SP(TM), a comprehensive, scalable and customizable gaming platform. VirtGame's server-based products, when used in combination, and individually, create greater efficiencies, reduce costs, and increase revenues for regulated casinos and lottery operations. For more information, please visit http://www.virtgame.com/ or contact Bruce Merati at (858) 373-5001 or , or Laurel Moody at Sky Investor Relations at 212-440-5000 or for more information. Safe Harbor Statement The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 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"), including statements, without limitation, regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, among other things: (1) expected revenue and earnings growth; (2) estimates regarding the size and our penetration of target markets; (3) adequacy of available working capital. These statements are qualified by important factors that could cause our actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) our receipt of adequate working capital as required, (2) our auditors' qualification of their report on our financial statements as to doubts about our going concern, (3) the early stage of development of the market for software for the regulated gaming industry, (4) lack of market acceptance to date for the Company's products and services, (5) our receipt of nominal revenues to date, (6) our continuing losses from operations to date, and (7) federal and state regulation of our business. These forward-looking statements are made as of the date of this release, and the company assumes no obligation to update such forward-looking statements. Refer to the company's Form 10-KSB for the year ended December 31, 2002 filed with the Securities and Exchange Commission for more information, as well as, other filings including the company's Form 10-QSB quarterly reports. DATASOURCE: VirtGame Corp. CONTACT: Bruce Merati of VirtGame Corp., +1-858-373-5001, ; or Laurel Moody of Sky Investor Relations, +1-212-440-5000, , for VirtGame Corp. Web site: http://www.virtgame.com/

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