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Interactive Games sells subsidiary

WEST PALM BEACH, Florida -- (PRESS RELEASE) -- Interactive Games, Inc. (the "Company" or "Interactive") (OTCBB: IGAM - News) announced today that it has executed a Stock Purchase Agreement with CLB Investment Corp. ("CLB"), through which CLB has acquired all of the capital stock of the Company's wholly owned subsidiary, Torpedo Sports, Inc. ("Torpedo"), for nominal value.

Torpedo is a Canadian Corporation that is currently in insolvency and as a result of this transaction, approximately $2.3 million in liabilities of Torpedo will be eliminated from the consolidated balance sheet and therefore no longer reflected on the Company's financial statements.

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