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i2corp in Discussions for Live Remote Bingo

The discussions are continued evidence of the management's efforts to execute its revised business plan of bundling the licensing of its Intellectual Property (IP) along with software platforms that enable its IP for delivery into the marketplace. "Our renewed focus on development has given us greater acceptance in the marketplace and the ability to market our product in a way that traditional gaming operators understand", stated Stephen Blandford newly appointed CTO of i2corp.

According to International Gaming and Wagering Business (IGWB) Magazine, bingo is the most socially accepted form of gambling in the world with a 79 percent acceptability rate from the general public and in North America on a per visit basis bingo is more popular than all Hollywood movies, rock concerts, professional sports and casinos combined. As stated in IGWB, land based bingo in the United States and Canada alone generated more than US $6 billion in revenues and more than 1.2 billion visits.

Bingo is also considered by Bear Stearns to be one of three remote wagered games expected to produce approximately $302 Million in revenues by 2003 (E-Gaming Revisited March 2001).

Home Gambling Network, a wholly owned subsidiary of i2corp.com, holds U.S. Patent 5,800,268 which covers remote wagering on live games and events with electronic financial transactions.

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