BGI Increases Guidance for 4th Quarter FY 2001.

Business Editors/Entertainment Writers

AUSTIN, Texas--(BUSINESS WIRE)--Dec. 21, 2001

BGI, Inc. (OTCBB:BGII) today issued revised guidance for its fiscal 2001 fourth quarter, ending December 31, 2001.

The Company anticipates Q4 revenues to reach approximately $2.4 million, with Earnings per Basic Share (EPS) on target for $0.10. This revised outlook is moderately higher than BGI's previously issued guidance for the fourth quarter, which was announced during the Company's November 15th conference call. Previous guidance for Q4 was $2.1 million in revenues and $0.10 per share.

"Building on the remarkable progress we achieved during the first three quarters of 2001, our operations continue to produce strong revenue growth and profitability," said President and CEO of BGI, Mr. Ed Reckdenwald. "Suffice it to say, we continue to execute our plan to aggressively expand our installation base. I look forward to commenting on these results in much more detail in February, when we release our fourth quarter and year-end 2001 results."

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.