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J Net Invests $8 Million in TechTrader

``The investment in TechTrader represents a significant enhancement to the incubator model we outlined for J Net Enterprises in March and will compliment the products we offer through Digital Boardwalk,'' said Allan Tessler, Chairman and Chief Executive Officer of J Net Enterprises.

``TechTrader's services will be immediately available across the J Net Venture portfolio of companies and for all new relationships we forge. Additionally, we anticipate the partnership with TechTrader will enable our J Net Ventures I fund to have even earlier access to evolving, best-in-class technology companies.''

``We are excited about the strategic alliance with J Net,'' said Jacob Pechenik, Chief Executive Officer of TechTrader, Inc. ``The capital we raised will allow TechTrader to scale its business and deliver even more value to our partner companies.

"We are committed to maintaining our leading e-market development position by further developing and enhancing TechTrader's innovative e-market technologies.''

J Net's $8 million investment was part of TechTrader's $19 million Series B funding. J Net co-led the funding along with Vistaar, Inc., a global B2B infrastructure provider that invests and supports start-up companies throughout their lifecycle - from start-up through a mature and profitable operating mode. Banc One Equity Capital also participated in the funding.

TechTrader is a leading enabling technology provider for next-generation, vertical business-to-business Net markets. TechTrader's technology platform, Scenario Net Market Server(TM), delivers on the promise of Scenario Assembly methodology as predicted by leading industry analyst firm Forrester Research.

The platform integrates transaction functionality, market intelligence analysis, workflow process and rich content management to enhance an industry's purchasing and sourcing practices. Utilizing a phased implementation approach, TechTrader rapidly deploys sites where speed-to-market is critical. For more information, visit TechTrader's Web site at www.techtrader.com.

Jackpot Enterprises, Inc. (NYSE:J - news), to be renamed J Net Enterprises, Inc. pending shareholder approval, recently announced a series of actions to leverage its assets, cash position and online and offline expertise to invest in and incubate innovative, Internet-related business-to-business and e-service enterprises and to support the migration of traditional businesses to the Internet.

As part of this shift, the Company has established J Net Ventures I fund focused on Internet-related investments. The Company is currently in the process of disposing of its gaming operations.

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