Cyberview Teams with International Operator, Codere to Convert Legacy Gaming Machines in Colombia.

* Project to Transform Stand-Alone Machines into Server-Based

* Enables Downloadable Games, Remote Monitoring, Control and First Wide-Area Jackpot

LONDON & LAS VEGAS -- Cyberview Technology, a leading provider of downloadable server-based systems to the gaming industry, announced today that a pilot project is underway with Codere Colombia S.A. that, for the first-time-ever, will convert existing stand-alone gaming machines to enable latest server-based functions. Codere Colombia S.A. is a subsidiary of the leading international gaming operator Codere, headquartered in Madrid, Spain and currently operates approximately twelve thousand stand-alone slot machines across hundred of venues in Colombia.

Under the six-month project which began in September, Codere is using proprietary upgrade kits from Cyberview to transform its older machines at Codere's state of the art assembly facility in Bogota. These kits provide for the total renovation of existing mechanical reel cabinets into modern touch-screen video terminals with server-based, downloadable gaming capability. This conversion will provide Codere with centralised management and distribution of new gaming content along with the ability to offer the first-ever nationwide multi-level progressive jackpot in the country.

Upon successful completion of the pilot, the companies intend to establish a longer term strategic relationship that could result in additional conversions and also extend into other Codere international operations.

Fernando Ors, Chief Development Officer of Codere commented:

"This agreement highlights Codere's commitment to innovation. Our focus on the operation area allows us to select the best technology developments in the game market. Working with Cyberview Technology is one of our keys to our future, presenting us with a competitive advantage and optimizing the quality of our service."

Sylvie Linard, Executive VP and Chief Operating Officer of the Cyberview Technology group of companies, commented:

"We are honoured and excited to have entered into a strategic project with a major international gaming operator such as Codere, who are without doubt one of the leading gaming companies in South America. This project is very significant to both companies and we are looking forward to a long and fruitful business relationship."

The newly converted terminals are slated to be installed in various locations across Colombia and connected to a dedicated Cyberview central server. This will allow new gaming content to be downloaded and made available to local operators and players in a fast and cost-efficient manner. New remote access to real-time management and operation reports is also expected to improve the overall security and efficiency of their operations. In addition, Codere will be able to offer a nationwide mystery progressive jackpot in the country.

Additional advanced technology available to Codere under this project includes the newly issued Cyberview Game Development Toolkit (GDK) which presents an entirely new concept in game development. This toolkit will enable Codere to develop and implement games themselves for integration and operation on the server-based system. With GDK, Codere will be able to obtain game content from any source they choose cost effectively, enabling a greater number of game choices to offer their players.

About CODERE S.A

Codere is a Spanish company dedicated to the private gaming sector in Europe and Latin America. With more than 25 years experience, it operates over 43,000 slot machines, 104 bingo halls, 45 sports betting outlets, 2 racetracks and 6 casinos in Spain, Italy, Argentina, Mexico, Colombia, Panama, Peru, Uruguay and Brazil. The company, with more than 7,800 employees, generated operating revenues of a[logical not]472 million and EBITDA of a[logical not]91 million in 2005. For the six months ended, 30 June 2006, operating revenues increased 93.4% to a[logical not]361.7 million and EBITDA increased 143% to a[logical not]86.5 million, with net benefit of a[logical not]17.8 million. For further information, visit the company's website at http://www.codere.com.

About CYBERVIEW TECHNOLOGY

With more than ten years experience in server-based distributed gaming, the Cyberview Technology group of companies develops, produces and implements innovative, integrated solutions for the gaming, betting and leisure industries. Currently, the company provides Fixed Odds Betting Terminals (FOBTs) to betting shops, and race and sports books; Interactive Video Lottery Terminals (IVTs) to lotteries and Class III-type gaming terminals to the casino industry. Its newest product is its International Betting Exchange (IBS), a collaboration with bookmakers which offers customers in licensed premises the ability to widen their offering for players with betting on sports events. The recipient of numerous industry awards, it was the first company in the world with technical GLI approval for its downloadable server-based system in the U.S. Class III gaming market. The company (AIM symbol: CYBS) commenced trading on the London Stock Exchange in 2005. For further information, visit the company's website at www.cybview.com.