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Argentine State Lotteries Begins Test of Online Site

21 January 2000

Virtgame.com said that the first government-endorsed gaming portal for Argentine State Lotteries is now online at www.officialgames.com (www.juegosoficiales.com).

The company said the site is being tested and is available to players who want to sample games such as Loterie Chaquens, a 'pick three' style virtual scratch card, and Virtual Bingo for fun. The official launch will be later this quarter, when residents of Argentina will be able to purchase the online scratch cards.

Virtgame.com (OTC BB: VGTI), is based in San Diego, Calif. The company provides Internet solutions for the gaming industry,

Virtgame.com supplies the technology, e-commerce distribution and banking systems for Argentine State Lotteries and will share the net revenues generated from online play and advertising sales. The lotteries are responsible for the licensing, distribution, and marketing of the games, which are promoted through 5,800 lottery outlets.

According to lottery regulators in Argentina, state lotteries and games-of-chance generate $2.2 billion in sales a year in the country, Virtgame.com said. Officials estimate that over 50 percent of the adult population plays some type of lottery game on a regular basis. Virtgame.com expects OfficialGames.com to be revenue enhancing by Q2.

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