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PGMI opens new store

7 November 2006

JAPAN – (PRESS RELEASE) -- PGMI, Inc. (OTC Bulletin Board: PGMI) announces the successful grand opening of the newly completed Bando store in Japan's Ibaragi Prefecture. This new location is the Company's largest and most technologically advanced location featuring 400 Pachinko and 160 Pachislo machines. This increases PGMI's operating inventory to a new total of 4818 machines in 14 locations. Construction of location 15 in the Saitama Prefecture continues on pace and is expected to open before the end of the year.

Mr. Masatsugu Fujiwara, the manager of the new Bando City store, said, "On opening day, the standing room only crowd filled the store to capacity with the overflow watching the players while they waited for their opportunity to play. The grand opening followed an extensive advertising and membership registration drive. Special events and an extensive inventory of premium merchandise made the opening a great success."

Shinichi Kanemoto, the president of PGMI, Inc. said, "We are very pleased with the opening of our new location in the Ibaragi Prefecture. This store represents the latest in Information Technology control systems and customer service. With each new location PGMI continues to upgrade its inventory of gaming venues and adjust to the changing interests of the customer base. We are also on pace for opening an additional store by calendar year end. Between the two stores we will have increased the number of operating machines by approximately 20%. This is a continuation of the implementation of PGMI's expansion plan and the program of developing modern and relevant facilities to enhance patron loyalty. We are entering a very exciting time for the pachinko industry in Japan and we will look for every opportunity to enhance shareholder value. Modernization and consolidation will continue to favor experienced and larger operators like PGMI. We look forward to the continued growth of PGMI as a major provider of gaming entertainment."

PGMI is a provider of pachinko gaming entertainment in Japan. The Company traces its origin to its founder Gakushin Kanemoto's pachinko business in 1951. It later incorporated in Japan as Marugin Co., Ltd in 1972. The management team brings many decades of experience in the pachinko industry to PGMI. Currently the company operates 14 locations in Japan. PGMI's fiscal year ended on June 30th and the year end 10-KSB filing is available on the SEC's EDGAR system.

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