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Veridigm creates new subsidiary

LOS ANGELES, California – (PRESS RELEASE) -- Veridigm Inc. (OTC Bulletin Board: VRDG), a Company focused on providing progressive gaming software and entertainment services to the international online gaming community (outside the USA), today announced the creation of a new wholly owned subsidiary, Magnus Marketing Systems. This new subsidiary, subject to the approval of all filings, intends to focus its efforts on both the international marketing and sub-licensing of the Company's software platform that should enable the Company to dramatically increase the more than $125 million in wagering the software platform was able to generate in this past year. The announcement was made today by V.P. of Corporate Communications, Alise Mills.

With a focused effort on the marketing and sub-licensing of the Company's exclusively licensed progressive gaming software, Magnus Marketing Systems plans to significantly increase the software's user base. The multi-billion dollar industry is made up of approximately 3,500 operators, which, in the opinion of the Company, will have a very serious appetite for the 'progressive' aspect of gaming. Unlike the 'Powerball or Mega Million Lottery Models' that have state-to-state restrictions in the United States, the 'online progressive model' that the Company provides offers fewer restrictions and is applied to the 'international' online gaming community.

"With our niche ability to market software for 'progressive' online jackpots and gaming products, coupled with the acquisitions and enhancements the Company will apply to its software and library of games, we feel very strongly that both user numbers and wagering numbers will increase significantly," stated Ms. Mills.

A recent study released by Merrill Lynch has reported that the Internet gaming industry is still in its infancy. Merrill Lynch predicts that by 2015 the market will bring in $528 billion annually worldwide, making it by far the largest ecommerce industry online. The report also stated 2006 earnings to be nearly $15 billion.

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