WMS Gaming, Cyberview Technology Sign Deal

22 June 2005

WAUKEGAN, Illinois -- (PRESS RELEASE) -- WMS Gaming Inc., a subsidiary of WMS Industries Inc. (NYSE:WMS), announced today that it has entered into wide ranging technology transfer agreements with Cyberscan Technology Inc. (d/b/a Cyberview Technology). Under the terms of the agreements, WMS has purchased the latest versions of Cyberview's server-based and downloadable gaming systems and related technologies. The non-exclusive agreements also give WMS the right to create derivative versions of these systems and to use, sell, lease, export or distribute the Cyberview technologies in all gaming markets, subject to certain restrictions including time and product restrictions on entry into certain markets.

In addition, Cyberview has granted WMS a non-exclusive, perpetual, irrevocable, worldwide license to its technology patent portfolio related to server-based gaming. Cyberview will provide WMS' system technology team with initial technical and functional support to enable WMS to operate, maintain and further develop these technologies.

WMS has also entered into a five-year agreement to license certain of its game content to Cyberview on a royalty-based, recurring revenue basis for use in lottery markets and certain other non-casino markets outside of North America. Cyberview will be paid total cash consideration of $15 million over 2 years for these agreements and WMS has been granted certain rights of first refusal relating to common shares of Cyberscan Technology held by Jean-Marie Gatto and Sylvie Linard.

Cyberview designs and develops server-based game download and gaming systems and related player stations and equipment. The Cyberview technologies purchased by WMS include centrally controlled game download and remote configuration subsystems, as well as a centrally-controlled outcome determination module and security and authentication capabilities. Cyberview's award winning and field proven server-based gaming system was the first downloadable gaming system approved by Gaming Laboratories International, Inc. for use in domestic Class III casinos. In addition, Cyberview won a first-place award for Best Productivity-Enhancement Technology at the Global Gaming Business Gaming and Technology awards in November 2004 and recently received the Gold Award for product innovation for both its Downloadable Games Platform and Games Activation Scheduler as displayed at the gaming industry's most prestigious trade show, G2E, in October 2004.

"These agreements significantly advance WMS' goal of providing our customers with high-earning, innovative products as it bolsters our rapidly expanding portfolio of internally developed and licensed server-based central determination and downloadable gaming technologies and intellectual properties," stated Brian R. Gamache, President and CEO of WMS Industries. "In furtherance of the third phase of our technology improvement plan, this expanded portfolio of advanced technologies and intellectual property now serves as the foundation for WMS' ongoing development of content that will offer players exciting game play options and operators compelling tools to improve yield management. We also continue to make progress on the development of a trusted computing platform based on advanced security technologies to transfer software securely across gaming networks, which we believe will be integral in achieving future regulatory approvals.

"Cyberview is an acknowledged industry leader in the development of advanced gaming system solutions that we believe will catalyze the next cycle of technology implementation. These agreements are squarely in line with our strategy to be at the forefront of content enablement and innovation for the casino slot floor. In-house progress on our next phase of content development that harnesses higher levels of computing power, video rendering and audio fidelity will now be married to Cyberview's secured delivery pipelines which, when commercialized, will allow us to offer casinos new, value-creating tools that can further maximize the returns from our creative game content. In addition, our products will enable casinos to offer players exciting new playing options and experiences that can be enabled only through a networked environment, further catering to their individual preferences and interests."