Youbet.com, Inc.

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International Guild of Hospitality & Restaurant Managers

Youbet.com, Inc.

(NasdaqSC:UBET)

5901 De Soto Avenue
Woodland Hills, CA 91367

Phone: (818) 668-2100
Fax: (818) 668-2101
Email: investorrelations@youbet.com
Employees (last reported count): 76

Youbet.com, Inc. is a global brand name for online live event sports entertainment and wagering. The Company has initially focused on the United States horse wagering market and its principal product, the You Bet Network, a PC-based system that allows a customer to transmit information and thereby process wagers. The Company provides its United States network members the ability to watch, access a comprehensive database of handicapping information and, in most states, the ability to wager on a wide selection of coast-to-coast thoroughbred, quarter horse and harness horse racing, via its exclusive virtual private network. The You Bet Network is completely interactive and provides a real-time interactive audio video environment.

To enhance and improve the You Bet Network, the Company has developed a Web-based application, Youbet Express, which was launched in March 2001, and a phone wagering system that was launched in September 2001. Additionally, the Company is looking into improving its Web content management and exploring other revenue streams.

On August 2, 2001, the Company received a multi-jurisdictional license from the State of Oregon horse racing authorities for the acceptance and placement of wagers. The acceptance and placement of wagers is processed through Youbet Oregon, Inc., a wholly owned subsidiary of the Company.

On February 21, 2002, Youbet.com received a license from the California Horse Racing Board authorizing the acceptance by the Company of online and telephone horse racing pari-muteul wagering from California residents. The acceptance and placement of wagers will be processed through Youbet Oregon, Inc. The Company also accepts and processes wagers through another licensed account-wagering entity.

Television Games Network is a competitor in the domestic interactive pari-mutuel gaming market, which is owned by Gemstar-TV Guide International, Inc. During January 2002, Magna announced the introduction of a new online wagering platform, XpressBet, which allows customers to place wagers online throughout North America. The Company is also aware of several other companies, such as Winticket, that the it considers domestic competitors, which offers live video and wagering services to U.S. residents.

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