Cyberoad Goes Public

1 May 1999 Ltd., an Internet company that develops and manages distributed wide area network casino and sportsbook systems, announced this week the completion of a share exchange agreement that will result in a publicly traded parent company called Corporation.

LAL Ventures Corp. will acquire all of the stock of Ltd. in exchange for restricted common stock of LAL Ventures. LAL Ventures will then change its name to Corporation. The common stock of LAL Ventures will trade under the symbol "LALV" until a new symbol is assigned.

Cyberoad also announced the signing of an agreement with investment bankers, Thomson Kernaghan & Company Ltd., to complete a financing on a best efforts basis of a private placement of up to 2 million shares of its common stock at a price of $US3.50 per share. The closing of this financing is subject to definitive documentation and satisfactory due diligence.