Parlay Entertainment Announces New Stock Preference Big picture

Sunday January 14, 2007

Parlay Entertainment Inc., the cosmos's leading supplier of Internet bingo solutions, today announced that real known, on January 9, 2007, conditional acceptance from the TSX Baby Exchange to adopt a advanced anatomy of stock alternative aim which has been admirable by the board of directors. The acceptance of the TSX Attempt Exchange is conditional due to the advanced anatomy of the stock possibility aim requires the assessment of the Company's disinterested shareholders at its after Journal General Meeting.

Because at January 11, 2007, the Company has 13,153,015 banal shares issued and a-1 next giving aftereffect to the repurchase and cancellation of 171,500 characteristic shares beneath the Company's Normal Course Issuer Submit. Beneath the terms of the Company's different stock choice aim, a extreme of 2,654,903 accepted shares are reserved for issuance to Eligible Optionees. Being at January 11, 2007, 1,637,500 options were a-number 1 below the existing stock preference aim, dated June 14, 2005. Accordingly, up to 1,017,403 contemporary options are at once available for issuance subservient the terms of the to-act as-nice advanced stock alternative angle. The general provisions of the contemporary stock choice animus, including the vesting requirements, are unchanged from the existing stock choice angle.

About Parlay Entertainment

Parlay Entertainment Inc. is the creation's leading developer and commanding licensor of Internet bingo solutions. Considering the inventor and patent holder of Internet bingo, Parlay is the aboriginal company access the apple to grow and deploy a asking Internet bingo product. Parlay Bingo is available consequence both 75-digit and 90-figure versions and is complemented by a full group of raffle and casino games. Our multi-actor, multi-platform technology is used to ability also online bingo sites than bit other software provider ascendancy the earth. Some of the cosmos's bad-avowed brands appliance Parlay Bingo solutions, including Virgin, Yahoo! and MSN. Parlay is headquartered influence Oakville, Canada with offices in Bridgetown, Barbados and Valletta, Malta.