Bingo.com Licenses Game Technology.

ANTIGUA--(BUSINESS WIRE)--Nov. 1, 1999--

Bingo.com (Antigua) Inc. (OTCBB:BIGR) today announced that it has reached a non-exclusive agreement to license it's proprietary Bingo game technology to Paramount Trading Inc. in exchange for licensing and royalty revenue.

Paramount Trading Inc. runs a variety of entertainment-based games, including BingoHour (www.bingohour.com). BingoHour offers large jackpots on the Internet, currently at $100,000 for the coverall game every Saturday, and runs six games an hour, 24 hours a day, seven days a week. BingoHour is currently in the process of launching its first foreign language site and, thereafter, intends to add a new language site every few weeks to expand international access to its games.

The CEO of BingoHour, Baron Menzel, stated, "BingoHour is one of the most profitable bingoingo. Our deal with Bingo.com to launch our second Bingo game will allow us to offer a greater variety of games. In addition, our users have indicated strong interest in playing a higher caliber game and our agreement with Bingo.com will provide us with this new game. This relationship should be profitable for both parties. We are currently enjoying strong, stable revenue and the Bingo.com game should increase future revenue. We are looking forward to working with Bingo.com on future projects."

Bingo.com's President and CEO, Shane Murphy, commented, "The signing of this license agreement is a significant corporate milestone for Bingo.com, evidencing further recognition of our proprietary gaming technology. The agreement also underscores one of the key tenets of our corporate strategy: to establish revenue through the licensing of our Bingo technology. Paramount is a well-established, profitable company with a significant following among the Internet bingo players. We are confident that this agreement will be financially rewarding. The agreement should also increase our profile as the starting point for all online Bingo action, in accordance with our goal to become the most recognized and frequently visited Bingo destination in the Internet world."

Entertainment and game sites have become increasingly popular and have demonstrated significant growth. Bingo.com intends to leverage its Internet presence to become a comprehensive, non-wagering game venue, where North American visitors will be able to play a variety of bingo-based games and enjoy the chance to win a variety of prizes. International visitors will be able to continue to enjoy the Bingo.com wagering game or utilize the `Play-4-Free' format online.

This press release may contain forward-looking statements, 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 Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates.