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Six Top Race Drivers Join MDI's Team

The drivers have awarded exclusive licensing rights for government-sponsored lottery games and promotions to MDI Entertainment, Inc. (OTC BB: MDIH - news). The Company will offer games and promotions featuring these famous drivers to lotteries in North America and elsewhere.

The Wisconsin Lottery will be the first to launch an instant game featuring the drivers. RACE FOR CASH, a $2 ticket with a top cash prize of $25,000, goes on sale in late June. The game will include a second chance bonus in which lottery players will be able to enter non-winning tickets for the chance to win a trip to the NASCAR® race of their choice and prize packages of driver-related merchandise.

The following are the six MDI licensed drivers:

Dale Earnhardt

Dale Earnhardt, Jr.

Bill Elliott

Matt Kenseth

Jeff Burton

Mark Martin

"NASCAR® mania is sweeping the nation," said Steve Saferin, President and CEO of MDI. "We are delighted to be able to offer a package of some of the industry's most successful and most popular drivers from the legendary Dale Earnhardt to the leading Rookie-of-the-Year candidate Matt Kenseth."

Mr. Saferin noted that as of May 6, three of the MDI licensed drivers are among the top five drivers in the NASCAR® 2000 standings, and all six are in the top 20. "The father and son Earnhardts continue to show the racing world why they warrant their passionate fan following, with Dale Earnhardt Senior's win in the Cracker Barrel and Dale Earnhardt Junior becoming the first driver to win two races this season," said Mr. Saferin. He continued by saying, "Jeff Burton and Mark Martin have race wins already this year, and veteran Bill Elliott, NASCAR's most popular driver for most of the last decade, is having a terrific season as well."

"We have the Wisconsin Lottery to thank for bringing us to Matt Kenseth," Mr. Saferin added. "The Wisconsin native has quickly come into national prominence with his performance in his inaugural season of Winston Cup racing."

MDI has developed ticket designs and prize categories that will feature the drivers, their numbers, their cars and related merchandise, admissions, and race fan dream trips. As always, these "turn key" promotions will include MDI's wide range of fulfillment services.

MDI specializes in creating, marketing and implementing entertainment-based promotions on behalf of the North American lottery industry. MDI revolutionized the lottery industry with its introduction of second-chance merchandise prizes. MDI's current lottery promotions include scratch games featuring other properties such as Harley-Davidson®, Wheel of Fortune®, Jeopardy!®, Betty Boop™, Twilight Zone™, Louisville Slugger®, TNN®, CMT®, Hummer®, Ray Charles®, James Bond 007®, Pink Panther™, The Outer Limits™, Heroes of Space™, Michael Buffer's Let's Get Ready To Rumble®, Dick Clark's American Bandstand®, Times Square 2000™, SPAM®, and Greatest Sports Legends.

On January 31, MDI Entertainment, Inc. announced that it signed an agreement with The Lottery Channel, which will merge into a wholly owned subsidiary of MDI. Subject to stockholder approval, the merged Company will be renamed Lottery.com, Inc. The primary business objective of the merged Company, in addition to licensing entertainment properties, cultural icons and personalities, will be to position itself to capture a significant share of Internet lottery sales as lottery sales become Internet enabled. Completion of the merger is subject to a number of conditions, including receipt of a fairness opinion for MDI stockholders, approval of the stockholders of The Lottery Channel, receipt of certain financing and other matters.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by MDI) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the lottery industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of MDI. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors.

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