BGI Announces Appointment of New CFO.

Business Editors

AUSTIN, Texas--(BUSINESS WIRE)--Aug. 14, 2001

BGI, Inc. (OTCBB:BGII)(http://www.bgicorp.com) today announced the appointment of Mr. James Sylvester as the Company's Chief Financial Officer.

As the new CFO, Mr. Sylvester will be responsible for all financial aspects of BGI, Inc., and will act as a key member of the company's business development and executive team.

Mr. Sylvester has over 30 years experience in the financial management and accounting industries, and has been working closely with BGI, Inc. since June of this year. He comes to BGI, Inc. directly from the Company's recently retained management consultants, Wescom Consulting, where he serves as the Chief Financial Officer.

"We're very excited to have someone with James Sylvester's talents and experience at BGI," said Chairman and CEO, Mr. Reid Funderburk. "His appointment underscores the critical support we receive from Wescom, and we expect his financial judgment and practical business sense to be invaluable as we grow our business and expand into new sectors."

Prior to his position as CFO of Wescom Capital, Mr. Sylvester was involved in a highly successful private practice covering every aspect of accounting and bookkeeping, tax consulting, preparation of audited financial statements, and general business consultation. Prior to that, he was a partner in a Hawaii-based CPA firm and a member of the Honolulu office of Touch Ross & Co. Mr. Sylvester holds an MBA from Michigan State University and is a Certified Public Accountant.

About BGI Inc.

Based in Austin, Texas, BGI, Inc. is a leading provider of instant cash sweepstakes games in the United States. BGI, Inc. promotes the sale of prepaid phone cards with its stand alone Lucky Strike Prepaid Phone Card Dispensers and provides Charitable organizations with alternative fund raising programs with its Charity Station Machine. Both products feature an instant win sweepstakes with an alternative method of entry with no purchase or donation necessary. BGII has been publicly traded and fully reporting since December 1994.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: These statements made by BGI, Inc. (BGII) may be forward looking in nature, particularly as related to the business plans of the Company within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from projected statements. BGII believes that its primary risk factors include, but are not limited to the need for substantial financial requirements; the need to develop effective internal processes and system; changes in the overall economy; continued and future strategic alliances; changes in technology, the number and size of competitors and the mix of products and services offered in its markets; and changes in the law and regulatory policy.