BGI Appoints New Chief Financial Officer.

Business Editors

AUSTIN, Texas--(BUSINESS WIRE)--Nov. 27, 2001

BGI, Inc. (OTCBB:BGII) today announced the appointment of Mr. William F. Schwartz, CPA, as the Company's Chief Financial Officer. A seasoned executive with over a decade of experience in accounting and finance, Mr. Schwartz has helped to build three enterprises from the ground up, complete over 30 separate acquisitions, and raise over $1 billion in capital.

Prior to joining BGI, Mr. Schwartz served as the Vice President and General Manager of Clear Channel Communications' (NYSE:CCU) radio technology division, Star System. Within three years, he was responsible for developing Star System from conception into a $103 million division, employing 70 staff members and serving radio stations in 65 markets nationwide. In addition, his implementation of a new advertisement delivery system produced nearly $1 million in annualized savings to the company.

During the course of his career, Mr. Schwartz also served as the Senior VP and CFO of Gulfstar Communications, where he helped raise $200 million in debt and equity placements, negotiated 23 acquisitions, and -- in a $272 million stock transaction -- successfully merged Gulfstar with the nation's largest owner and operator of radio stations.

From 1993 to 1996, Mr. Schwartz held the position of Corporate Controller at SFX Broadcasting, a $1.5 billion public company. During his tenure with SFX, Mr. Schwartz helped to raise approximately $800 million in capital, and was instrumental in the completion of several mergers and acquisitions totaling more than $100 million.

"William is a highly qualified professional, bringing a great deal of knowledge and experience to this position and to our organization," commented Mr. Reid Funderburk, Chairman and CEO of BGI, Inc. "His background, working with large institutions as well as early stage ventures within the entertainment sector, provides BGI with a unique combination of perspectives -- the disciplined financial processes of larger companies and the entrepreneurial environment of smaller, creative companies. William's experience should serve us well as we continue to expand into new markets and examine new business opportunities."

Mr. Schwartz's extensive experience includes financial planning and analysis, SEC reporting, accounting, tax, treasury, budgeting and internal audit. He holds a Bachelor's degree in Business Administration from the University of Wisconsin.

Mr. Schwartz replaces Mr. James Sylvester as the Company's Chief Financial Officer.

About BGI, Inc.

BGI, Inc. (http://www.bgicorp.com) is a gaming company that designs, distributes and markets a diverse range of sweepstakes-driven gaming products. The products -- such as the Charity Station and the Lucky Strike phone card dispenser -- combine entertaining, interactive games with various sweepstakes incentives, and are extensively used by non-profit organizations as an alternative means of fund raising. These unique products are placed in bingo halls, non-profit organizations, bars and taverns, social clubs and other non-casino venues. BGI, Inc. was founded in 1994 and has offices in Austin, Texas. The Company currently trades on the OTC Bulletin Board under the symbol BGII.

"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. BGI, Inc. 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.