You Bet Launches Online Horseracing Network

22 June 1998

LOS ANGELES -- After months of testing, You Bet!, Inc. (OTC Bulletin Board: UBET), a Los Angeles-based interactive technology company, has announced the public release of the You Bet Network, the first online horseracing network to enter the market in the U.S.

The company is offering free charter membership through the end of July, to horse players from participating states across the country.

"We set out to build a network to handle mass participation of simultaneous live events," said You Bet Chairman David Marshall. "The results from the limited release demonstrate we have successfully accomplished this goal, and that the network is secure, stable, and scalable."

As many as 40% of the members of You Bet's limited release were online daily, and found the network extremely easy to use. Because of the convenience and accessibility, You Bet offers to horseracing, a cross section of both novice and experienced horse players indicated they will increase their current play level.

Chris King, a 26-year-old limited release member, said, "I'm either at work or on my computer. The ability to be able to bet on races whenever I want from the comfort of my home is important to me. I definitely wager more often."

"I love the wager pad in You Bet because it allows me to do all the crazy exotic wagering that I want to do," said David Guidry, 55. "I can wager from my living room when the horses are in the gate, without pressure."

You Bet provides members the ability to watch and wager on a wide selection of coast-to-coast thoroughbred and standard-bred horseracing, via its exclusive closed-loop system network. Members have total access to the network's features, including live audio/video, up-to-the minute track information, real-time wagering information, and value-added handicapping products.

You Bet!, Inc. is a Los Angeles-based interactive technology company that facilitates live events and is focused on content development, network deployment, and management services via a cross-platform environment. Its mission is to be the premier technology and service provider for interactive wagering worldwide, and to create a widely accessible interactive race and sports environment, filled with rich and exciting content. It developed and deployed the world's first PC-based wagering platform and transaction processing software.

For further information, visit the company's website at http://www.youbet.com or contact Virginia Rodriguez at (310) 444-3300.