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BetandChat.Com Gains Membership in Interactive Gaming Council

25 April 2000

TEL AVIV, Israel, April 25 (Press Release) - BetandChat.com - The Internet Casino Network (http://www.betandchat.com) has announced that it has been accepted as a full member in the Interactive Gaming Council (IGC). The IGC's web site address is http://www.igcouncil.org.

Mr. Adi Tarkay, founder of BetandChat.com, stated that the IGC is the most respected non-profit, on-line gaming association which has and continues to implement responsible trade guidelines and practices to protect both the industry and the consumer from illegal and unfair business practices.

"The IGC has filled an important vacuum due to the present lack of world-wide regulation practices for on-line gaming operators," said Tarkay. "The IGC is responsible for having created a strict 'Code of Conduct' that all IGC members must adhere to. This provides real protection, security and confidence for on-line players. The consumer knows that IGC member on-line casinos, for which the players are placing their money on, are not "fly by night operations" but rather highly respected, responsible, stable, providing the same or better odds than Vegas and are fully licensed and audited." Tarkay adds: "In addition, the IGC has a consumer complaint division form ediation and sponsors 'The Helping Hand Campaign' which assists internet players to determine if they have a gambling problem and provides direction as to where they can receive professional counseling. We are honored to be associated with this non-profit organization and look forward to contributing to its and our industry's healthy growth and success."

Established in 1997, BetandChat.com became the leading developer and licensor of on-line gaming technologies. BetandChat.com 's mission statement is to establish BetandChat as the industry standard for the Internet Gaming Community.

BetandChat's "play for fun" and "play for real" systems are designed and engineered to provide a real multi player gaming experience via the Internet.BetandChat.com scrupulously adheres to all international and domestic laws and respects the local cultures of its gaming audience. The company is dedicated to creating more exciting, richer gaming options for the global Internet community.

From its inception, its corporate culture is anchored in returning value to the communities in which it functions, and a vital charitable dimension is strongly associated with the it's core identity. As the number of people accessing the Internet continues to grow, so too is the number of users of on-line games. According to Bears Stearns, the industry will exceed 3 billion USD by the year 2002 with five percent of all new Web sites being related to gaming.

Tarkay comments: "BetandChat.com, opens a new chapter in gaming for both consumers and Internet entrepreneurs. For the growing number of consumers who see the Internet as a way of life, "play-to-win" games represent the next logical step after zipping off a series of e-mails or downloading the latest stock update from Street.com. Bet and Chat is catering to this emerging need for exciting entertainment venues by offering an authentic gaming environment that tests the true limits of cyberspace."

BetandChat.com is planning an IPO in Tel Aviv within the next two months, followed by an IPO on NASDAQ.

BetandChat.com, a casino software turn-key business solutions provider, is headquartered in Tel Aviv, Israel. BetandChat.com's first English licensee -- BetandChat Dominica (BCD Inc.), is licensed by the Commonwealth of Dominica and is located at http://www.betandchat.com. BetandChat Dominica, which offers 24X7 customer and technical support services, provides the most popular casino games with the best odds on the Net. BetandChat.com's most recent licensee -- Net Casino -- made it's on-line debut last month and the company is finalizing negotiations to have several language and theme partners signed up within the next few months.

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