BGI Names Ed Reckdenwald as New President and CEO; Reid Funderburk Resigns as CEO, Remains on Board.

Business Editors

AUSTIN, Texas--(BUSINESS WIRE)--Dec. 4, 2001

BGI, Inc. (OTCBB:BGII) today announced that the Board of Directors has appointed executive vice president, Ed Reckdenwald, to the position of president and chief executive officer. With this new appointment, Reckdenwald assumes full responsibility for all aspects of BGI's growth, sales and marketing strategies and operations. BGI's founder, Reid Funderburk, will continue in a key leadership position as the chairman of the board and will continue to direct new product development and market expansion activities.

"I have enjoyed the tremendous success that BGI has achieved over the past seven years," said Funderburk. "With the established success of the Charity Station, and the formation of a strong management infrastructure, the Company is well positioned for growth and expansion. Now that my original vision has come to fruition, I feel that my contributions to the Company would most effectively be spent on developing new, innovative products and on penetrating new markets across the United States, as well as worldwide."

Funderburk continued, "The framework for expansion is now in place, and at this time the Company is fortunate to have Ed Reckdenwald assume the position of president and CEO. Ed has outperformed the Board's expectations over the past months, and we now feel that the time is appropriate for this transition. With Ed's strong leadership skills and vision for the future, we have every confidence that he will continue to excel at creating shareholder value."

"Reid has instilled an infectious passion for the business, and I look forward to continuing his track record of accomplishments," said Reckdenwald. "We've had two remarkable quarters of growth since the introduction of the Charity Station, and our fourth quarter is shaping up to be equally impressive. In October alone, BGI recorded over $850,000 in revenue, with operating income of approximately $559,000 -- results, in one month, that eclipse that of our entire second quarter this year. Our business is strong, our strategy is in place, and I look forward to the challenges and rewards ahead."

Ed Reckdenwald joined BGI as executive vice president in August of 2001, bringing nearly a decade of experience in sales and operations management from Dell Computers, Bernard C. Harris Publishing, American Express Travel Related Services and Shearson Lehman Hutton.

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.