Home Gambling Network Enters Into Letter of Intent

LAS VEGAS
Nov. 6, 2000
 

    Home Gambling Network Inc. (HGN) announced today that it has entered 
into a Letter of Intent with a significant international entertainment organization 
based in Europe that has a broad reach in the areas of gambling, traditional media and publishing.

    A master license may be issued to this entity upon final due diligence.
At that point, this entity will operate out of Europe and license
European-based operators conducting HGN's method of wagering: those
offering wagering on live games and events (non-virtual) to remote
customers with the convenience of electronic transactions. The license
agreement will cover those forms of wagering that people are currently
enjoying while gambling at land-based casinos, sportsbooks, race tracks,
OTBs, etc.

    In obtaining this master license, the European-based entity will
effectively market the patented method to operators and consumers alike
throughout the world in a joint effort with HGN's world headquarters in Las
Vegas, Nevada, U.S.A.

    Bingo is excluded from this master license as other prospective
licensees are currently negotiating for the lucrative worldwide Bingo
rights.

    Las Vegas-based HGN, a wholly owned subsidiary of publicly traded i2corp.com (OTCBB:ITOO), holds U.S. Patent 5,800,268 for remote wagering on live games
and events utilizing electronic financial transactions. HGN also has a
corresponding patent application pending before the European Patent Office.
When issued, the patent will cover the United Kingdom, Austria, Germany,
the Netherlands, as well as all other European countries, their territories
and possessions (e.g. the Caribbean/Gibraltar/Malta). Applications are
pending in Australia and Canada and are expected to be issued very soon.

    Certain statements in this news release may constitute
"forward-looking" statements within the meaning of section 21E of the
Securities Exchange Act of 1934. Such forward-looking statements involve
risks, uncertainties, and other factors that may cause the actual results,
performance or achievement expressed or implied by such forward-looking
statements to differ.

    CONTACT: Home Gambling Network Inc., Las Vegas
             http://www.homegamblingnetwork.com
             Jesse Molnick, 702/597-3331; fax: 702/597-3333
             E-mail: pr@homegamblingnetwork.com


 

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