Zone4Play Reports 2005 Results

Tuesday April 11, 2006

Zone4Play, Inc. ("Zone4Play" or the "Company") (OTCBB: ZFPI.OB. - News), a leading developer of interactive gaming technology, announced today its financial results for the year ended December 31, 2005 and the completion of a placement of common stock and warrants for gross proceeds of approximately $6.5 million.

Highlights for 2005 include:

- Revenues grew on a sequential yearly basis by 38%, from $768,824 in 2004 to $1,062,420 in 2005..

- Despite the fact that mobile gaming market is still in its infancy, mobile solutions revenues grew by almost five times during 2005, from $30,988 in 2004 to $171,794 in 2005.

- Interactive TV revenues grew on a sequential yearly basis by 43%, from $505,457 in 2004 to $725,027 in 2005.

- Worldwide revenues include 4 continents: North America, Europe, Australia and Asia (the Far East).

- Research and development expenses grew substantially by 89%, from $1,347,960 in 2004 to $2,549,635 in 2005. R&D efforts were focused on completing most of the Company's unique products, especially its patent pending Multi Player Black Jack tournament solution, its patent pending Broadcast TV (Participation TV) gaming services and its proprietary mobile gaming solution.

"Zone4Play's continued growth reaffirms our commitment to maintaining our position as a leader in the delivery of gaming software across multiple platforms", said Shimon Citron, Zone4Play's CEO and President. "Our commitment to creating unique applications across the gaming spectrum has enabled us in 2005 to sign agreements with some of the world's largest gaming operators including Coral Casino, Eurobet Casino and Betfair Casino."

Commenting on the Company's continued prospects for 2006, Mr. Citron stated, "We believe that Zone4Play's position as the leading provider of end-to-end gaming solutions across multiple platforms will continue to drive our growth for the rest of 2006 as shown by our recent contract successes. Our goal is to achieve profitability and growth, through broader penetration of our products among our existing customers, assertive development of new customer opportunities and by introducing our unique online Multi Player Black Jack tournament and our Participation TV gaming services to the gaming market. Based on our current pipeline, we believe we can achieve revenues of at least $3 million in the next 12 months."

"The $6.5 million funding evidenced investors' confidence in the strength of our product offerings and our roll-out strategy. We are enthusiastic about the new investors who took part in the offering. We are confident that they will bring their knowledge and experience in working with young, high-growth companies such as ours." Mr. Citron added, "The funding will be used to strengthen our sales and marketing focus with the goal of securing additional partnerships with global brands and achieving new opportunities for our unique interactive e-gaming technologies."

"Additionally, we continue to acknowledge the strategic importance of the London public markets given recent developments in the UK gaming industry and the increasing demand from UK clients for our products and services. During this year we intend to continue to closely evaluate listing of securities on the AIM market," commented Citron.