PGGG Pegasus Gaming Corp (CE)

Pegasus Gaming Corp. (Pink Sheets:PGGG) (http://www.PegasusGaming.com), an I-gaming software and e-commerce services company with exclusive licensing rights for Europe and Africa, is pleased to announce that it will offer the lowest entry fee to the World Poker Tour (Nasdaq:WPTE) Event. WIN UP TO A MILLION DOLLARS FOR PENNIES Pegasus will offer to its licensees World Poker Tour (WPT) satellite tournaments for as little as 6 cents. World Poker Tour ("WPT") events typically offer winners up to a USD$1 Million. The final tables are broadcast on the Travel Channel in the United States. The Travel Channel receives its highest ratings during the airing of WPT events. Two of the last three winners of the World Series of Poker have found their way into the tournament through these Internet Poker satellite tournaments. Shareholders are welcomed to demo the notorious Texas Hold'em platform by visiting the demo site below by downloading the Poker software, install it on the computer and start enjoying their various notorious Poker games. http://www.724sportsbook-poker.com/ The gaming industry is booming at the moment with news that SportingBet (SBT.LN) has offered to purchase Empire Online (EOL.LN) for over USD$1.5 Billion. SportingBet is the Number One online sports gaming site in the world. In addition, the world's largest online casino operator, 888 Holding plc, parent company of Pacific Poker, one of the world's largest online Texas Hold'em Poker Rooms, announced plans for an IPO on the London Stock Exchange, the company held its IPO at GBP 1.75 per share, reflecting a market cap of GBP 590 million ($1.04 billion USD). This news comes on the heels of Senator Kyl's 7th failed attempt in the senate to force banks and credit card companies to block e-gaming transactions. It is widely believed by analysts that this legislation will never pass. "We are extremely pleased to offer our licensees the ability to offer to their clients, a chance to win up to a Million dollars for only 6 cents," stated Pegasus Gaming President & CEO David Cheng. "The gaming industry and Texas Hold'em poker in particular is on a high with its exposure on networks such as ESPN, FOX Sports and the Travel Channel and we feel this trend is likely to continue in the near future." This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit Pegasus Gaming's IR Hub located at http://www.Agoracom.com/IR/Pegasus. Alternatively, investors can e-mail AGORA Investor Relations directly at PGGG@Agoracom.com. About Pegasus Gaming Corp. Pegasus Gaming Corp. is an Arizona-based I-gaming software and e-commerce services company servicing clients from Europe and Africa. The company licenses a suite of online products, including casino, sports betting, and pari-mutuel horse betting. In addition, the company provides a state-of-the-art complete back-office management system that operates all e-commerce transactions, gaming Web sites, accounting system and licensees' management/reporting platform. To view the corporate presentation with sound, please click on the following link: www.pegasusgaming.com/slide.pps. The above statements in regard to Pegasus, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Pegasus Gaming Corp.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that the actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties, such as technological, legislative, corporate, financial and marketplace changes.