Playtech, HGN Sign License Agreement

4 November 2004

NICOSIA, Cyprus – (PRESS RELEASE)-- Leading software developer Playtech announced today the signing of a master license agreement with Home Gambling Network, a wholly owned subsidiary of (ITOO), for use of HGN's patented live gaming technology. Under the terms of the deal, Playtech will sub-license live gaming services to its software licensees.

Playtech is currently the only major gaming solutions provider to offer operators a choice of both RNG-based games and live video stream games, where customers play opposite real dealers, in a single software application. Based on the company's acclaimed online casino platform, live gaming utilizes advanced video streaming technology to personally connect dealer and player, replicating online the human warmth and sociability of the land-based experience. Players can watch the dealer performs actions such as spinning the Roulette wheel, dealing cards and throwing dice and can engage the dealer in 1-on-1 live chat - all in real time.

HGN was formed for the purpose of marketing and licensing U.S. Patent 5,800,268, a business method for wagering on live games and events utilizing electronic financial transactions. Its patent has been applied for in Australia, Canada, and the European Patent Office. The European patent was published in November of 1999.

By awarding a master license to Playtech, HGN, whose licensees include and CompuRace Inc., have seen the total number of operators using their technology multiply considerably. Currently eighteen of Playtech's licensees feature live games on their sites, and more are being added each month.