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Colley Corporation's GameBanc Unit Signs Contract With Ohio Lottery

This contract has a one-year initial term with a renewal option for two additional one-year terms. This services provided under this contract are a major part of GameBanc's Remote Digital Access(tm) program. Work has already begun with the Ohio Lottery to fully implement this program by August 1, 2002.

"The Ohio Lottery has always been a leader among state lotteries in customer service and play value for their customers. We are very pleased that the Ohio Lottery has chosen GameBanc from a large group of qualified bidders to operate these services for them. We believe the Internet provides a very important method for the Ohio Lottery to communicate with its player base," said Roger W. Ach, Chairman and CEO of Colley Corporation, the majority owner of GameBanc.

Colley Corporation is the majority owner of GameBanc Corporation, a diversified Internet games and lottery information company. Colley has announced that it proposes to make a formal Exchange Offer for the 47% of GameBanc stock that it does not now own, in the very near future. About The Ohio Lottery

Established by legislative action and voter referendum in 1973, the Ohio Lottery has contributed over $11 billion to education in Ohio over the past 26 years. In May 2002 Ohio joined the Mega Millions Game, a multi-state game that is played in 9 states and offers a minimum $10 million jackpot.

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