Win Win Gaming Raises $2 Million

LAS VEGAS – (PRESS RELEASE) -- Win Win Gaming, Inc., (OTC Bulletin Board: WNWN) a Las Vegas-based operator of international lottery games and related gaming ventures announced today that it raised $2,000,000 USD through a private placement of 4,000,000 shares of its common stock to the Van Wagoner Private Opportunities Fund, L.P. The investment was funded on February 25, 2005.

The Company intends to use the proceeds of this financing to expand the lottery ticket distribution and sales network for its Slam Dunk lottery which was launched in Shanghai, China in July, 2004. The Company will also use a portion of the proceeds to continue to develop the infrastructure to operate wireless initiatives in China and throughout the world.

Win Win is in the process of receiving approval from the Chinese government to expand the Slam Dunk lottery operations and related TV show into additional provinces and to expand its broadcast network nationwide.

"The Van Wagoner Private Opportunities Fund, L.P is excited to continue to support Win Win Gaming in its development," said Garrett Van Wagoner, President of Van Wagoner Capital Management. "We believe that the company is well positioned to capitalize on the tremendous opportunities available in this industry in China and throughout the world."

Patrick Rogers, Win Win CEO said, "We are very pleased to have the Van Wagoner Private Opportunities Fund, L.P. as our lead investor as we continue to expand and solidify our Chinese operations."

Van Wagoner Capital Management is a San Francisco-based private investment firm that invests in innovative products and services in all market segments including: computers, healthcare, consumer services, retail, telecommunications electronics and more.

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