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IFGH Raises Initial Funding for Global Online Lottery

IFGH, Inc. anticipates that the first weekly six jackpot drawing, estimated to start no later than September 2, 2000, will provide consumers from around the world with a new venue for lottery playing. Ten percent of gross sales will serve humanitarian needs worldwide through IFGH, Inc.'s sponsored non-profit charitable trust.

IFGH, Inc. has developed strategies and the expertise to make this international lottery the number one lottery in the world within three years, and predicts it will have the first billion dollar lottery winner within this time period.

Mr. Keith Morrow, Chief Executive Officer, IFGH, Inc. states, ``Timing couldn't be better. With close to 300 million Internet users worldwide (and growing), combined with our state of the art computer system that can handle 500 million users weekly plus experts, like Datamonitor Technologies predicting online lottery's to be the most popular form of online gambling by 2004, we have a winner.''

He added, ``We have a solid business plan, a strong management team, a completed marketing plan, the preliminary permission from the Government of St. Kitts-Nevis to operate the lottery, raised the initial funding in order to apply for the gaming application and license fee, and have started the incorporation process in St Kitts.''

IFGH, Inc. is a Colorado corporation formed in 1999, created to establish and operate an Internet-based international lottery, with 10 percent of gross sales used to serve humanitarian needs worldwide. The company plans to offer three lottery games. Two weekly games will consist of the ``Weekly 6'' drawing and the ``Super 7'' drawing, while the third game will be the ``Celebration'' drawing -- an end of the year special drawing. The company's major advantages over other lotteries are:

     -- 10 percent of gross sales is automatically deducted and given to a
        non-profit charitable trust, in St. Kitts & Nevis, sponsored by the
        company.
     -- 100 percent cash payout of all lottery pools.
     -- No annualized payments.
     -- No taxes on winning tickets in the jurisdiction that the company
        operates. (St Kitts-Nevis)
     -- Drawing will be aired live on the Internet.
     -- Payouts for all pools will be the largest in the world.
     -- The company will have the first billion dollar lottery winner.

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