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iCrystal Inc. Reports Record Q2 2002

The Company had total revenues of $350,000 for second quarter of 2002 as compared to revenues of $182,500 for second quarter 2001, an increase of $167,500 or 92%.

Income for the second quarter of 2002 was $67,607, before interest, taxes, depreciation, and amortization as compared to a loss for the second quarter of 2001 of ($131,272) before interest, taxes, depreciation, and amortization, an increase of $198,879 or 151%.

The Company had total revenues of $626,046 for the six months ended June 30, 2002 as compared to revenues of $283,203 for the six months ended June 30, 2001; an increase of $342,843 or 121%.

Income for the six months ending June 30, 2002 was $76,362, before interest, taxes, depreciation, and amortization as compared to a loss of the corresponding six months ending June 30, 2001 of ($327,861) before interest, taxes, depreciation, and amortization, an increase of $404,223 or 123%.

Larry Hrabi, the Company's CEO, cites the Company's recently released iCrystal Virtual Casino software version 4.01 and increased marketing activities for the improvement. He goes on to state, "iCrystal's recently upgraded Virtual Casino software has attracted new software licenses, in addition, existing licensees have experienced increased revenues from the attractive, user-friendly and entertaining virtual gaming sites, encouraged by the strong revenue growth, the licensees have increased their marketing activities resulting in increased revenues for the licensees and the Company. We anticipate this trend will continue for the rest of 2002."

iCrystal Inc. is a designer, developer, and licensor of Internet-based lottery and casino gaming software. iCrystal provides its licensees with complete turn-key solutions to the Internet gaming industry. Its casino software features integrated secure credit card processing and user-friendly reporting tools. Through iCrystal's Master Licensee, the Company can assist in providing its licensee with hosting and effective marketing strategies. The Company's reliable and timely solutions tailored to ease of use and customized gaming variety has contributed to the ability of iCrystal's software packages to generate immediate revenue.

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