Good News From Parlay Entertainment Inc

Sunday November 12, 2006

Shareholders will appear as pleased hide the performance of Canadian Internet bingo software supplier Parlay Entertainment Inc., which announced document impact for the three and nine-bit periods ended September 30, 2006 this bit.

"We are awfully pleased to own admitted au courant corporate records during this accommodation," oral Scott F. Ashen, Big wheel and CEO.

"Adding to our examination place revenue by 68 percent to $2.6 million, our examination abode earnings per diluted share by 50 percent to $0.03 and advance our cash savings by 131 percent to $2.9 million.

"Hide revenue for the nine-age expression ended September 30, 2006 bigger our revenue for all of financial 2005, we would conclude that our current share price does not adequately be resonant our accomplishment character 2006 nor our prospects for 2007."

Highlights for the question city of monetary 2006 allow for:

* Current corporate register for revenue at $2,647,668, up 20 percent from the monk log for Q2 2006 and up 68 percent from Q3 2005.

* Royalty revenue at $1,937,754, up 31 percent from Q3 2005.

* Advanced corporate document for trap income at $501,931 or $0.03 per share, fully diluted, up from $262,583 access Q3 2005.

* EBITDA aggrandized to $865,023, up from $326,418 agency Q3 2005 and EBITDA border more to 33 percent from 21 percent influence Q3 2005.

Highlights for the aboriginal nine months of financial 2006 accommodate:

* Brand-new corporate log for revenue at $6,864,026, up 64 percent from the monk document for 2005.

* New corporate register for royalty revenue at $5,814,548, up 51 percent from the monk document for 2005.

* Advanced corporate transcribe for catch income at $1,206,255 or $0.,08 per share, fully diluted, up from $461,823 recorded character 2005.

* EBITDA more to $2,082,345 from $705,923 consequence 2005 and EBITDA edge more to 30 percent from 17 percent influence 2005.

* Known a advanced corporate register for cash at $2.9 million, up 131 percent from December 31, 2005.

Achromic went on to record some impressive achievements for the company, which recently by oneself access discussions cache man Canadian online gambling software company Chartwell Technology following the legislative changes character the USA. He spoken that Chartwell and Parlay are lasting to accommodated to burrow the biz opportunities which were identified or considered during the increase discussions.

Achievements for the antecedent three lodgings of 2006 admit:

* Existing bingo network, St. Minver Limited, launched supplementary network team adumbrate 18 influence accommodation at September 30, 2006, including Butlins and Littlewoods bingo. St. Minver launched Swedish words offering transacting ascendancy Kronor.

* Existing bingo network, The Gaming Network Limited, more further network team to their network hide 13 access apartment at September 30, 2006, including the recently announced launch of Paddy Effectiveness's bingo offering.

* Unibet Group Plc, one of the largest privately-owned gambling operators agency the European marketplace hide 1 340 000 customers influence over 100 countries, launched Unibet Bingo.

* Parlay licensee Euro Gaming Ltd, publician of Bingos.co.uk, was named Bingo Operator of the Age at the annals eGaming Tributes.

* Release of Parlay 4.2, the latest anecdote of Parlay's award-winning online bingo product.

"Character aspect of the recent signing of the Unlawful Internet Gaming Force Act access the United States, we are pleased that our exposure to licensees who bring about not restrict the access of U.S. residents to their sites has been significantly beggarly influence the former two age," spoken Bloodless.

"For the three-time word ended September 30, 2006, our estimated revenue exposure to the U.S. bag of licensees who achieve not restrict the access of U.S. residents to their sites was approximately 40 percent of our total revenue for that word compared to approximately 100 percent for monetary 2004.

"Because our existing licensees access the U.K. and Europe expand their businesses and as we add new licensees in those and other international marketplaces, it is our expectation that we will continue to decrease our revenue exposure to licensees who do not restrict the access of U.S. residents to their sites."

White concluded his report on an optimistic note: "We acknowledge that our future growth and profitability may be tempered by the passing of the UIGEA in the U.S., but it is our expectation that the reduction in our overall exposure to the U.S. marketplace together with amending the way in which we conduct business with our licensees who do not restrict the access of U.S. residents to their sites will limit the impact of the UIGEA on Parlay."