Virtgame Corporation

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International Guild of Hospitality & Restaurant Managers

Virtgame Corporation (OTC BB:VGTI.OB)

6969 Corte Santa Fe, Suite A
San Diego, CA 92121

Phone: (858) 373-5001
Fax: (858) 259-5087
Employees (last reported count): 11

VirtGame Corp., formed in October 1995, is an application service provider (ASP) to the gaming and lottery industries. The Company offers Internet access confined to a specific jurisdiction or restricting access to users from specific jurisdictions through its eBorder Control technology, enabling its customers to comply with established rules and regulations. VirtGame has built comprehensive and scalable Internet lottery, casino, sports wagering and racing software applications that are customizable for private-label use. The Company is leveraging its technology and know-how to develop and provide solutions to licensed land-based casinos and lottery operators worldwide. VirtGame's customers are the traditional brick-and-mortar gaming and lottery industries. Its list of clients includes two United States lottery operators, as well as two Nevada and two Latin American gaming companies. VirtGame is negotiating and bidding on several contracts with other state lottery or gaming companies.

Throughout most of the Company's history, its primary business focus was the operation of casino-style gaming over the Internet in jurisdictions with no ban on Internet gaming. It developed an over-the-counter solution that integrates conventional Nevada-style casino sports books with the Internet/intranet. VirtiGame also developed PrimeLine, an over-the-counter sports book that is approved in Nevada and is capable of seamless integration with the Company's e-Border Control technology to offer sports wagering on its proprietary Nevada intranet system.

During the fiscal year ended December 31, 2000, the Company discontinued its Internet casino operation to focus as an enabler for licensed land-based operators to extend their reach to their customers beyond physical visits and to avoid any conflict of interests with its land-based gaming customers. VirtiGame act as a gaming application service provider (ASP) to help brick-and-mortar gaming operators go online. It creates customized enterprise-level software and has developed a pricing strategy that combines the benefit of both software and ASP pricing models by charging customers an initial set up and a monthly account fee based on number of active players, which includes upgrades and maintenance.

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