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BounceBackTechnologies.com, Inc. Announces Settlement of Litigation With Harrah's (HET).

BounceBackTechnologies.com, Inc. (Pink Sheets: BBTC), a Minnesota corporation headquartered in Ocean Springs, Mississippi, announced today that its four- year-old litigation with Harrah's Operating Company, Harrah's Southwest, Inc. and certain officers of those companies has been settled.

The litigation concerned a transaction involving an Indian gaming opportunity in Michigan. The settlement agreement calls for its terms to be kept confidential. The Company was required to pay contingent legal fees to Fabyanske, Westra and Hart of Minneapolis, Minnesota as well as bridge financing obligations.

According to Jack Pilger, CEO, "Our Company is very pleased to have this four-year-old litigation finalized. It has been very time consuming and expensive. The Company continues to look forward to the culmination of its agreement with Lakes Entertainment (LACO) calling for the payment of approximately $11 million when the Pokagon Casino opens in New Buffalo, Michigan. The Company is now looking at various options, which may include mergers, acquisitions, or other opportunities that will benefit shareholders. The Company's officers and directors are committed to increasing shareholder value and we have just moved one step closer with this settlement."

The Company has also set up an Investor Update System for all shareholders. If you wish to receive intermittent news and updates, provide BBTC with your email address by contacting the Company at investorrelation@bouncebacktechnologies.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to, those relating to the likelihood of collecting on the $11 million contingent receivable from Lakes Entertainment, Inc. (LACO). This receivable is only collectable if LACO opens and manages a casino with the Pokagon Band of Potawatomi Indians in Southwestern Michigan.

The Company's stock presently trades on the "pink sheets" under the symbol "BBTC."

The Company has terminated the registration of its shares under the Securities Exchange Act of 1934, as amended. The Company, therefore, has no further responsibility to file periodic or other reports under the Act. For more information about the Company or the matters referred to herein, please email the Company.

CONTACT: Michelle Wescovich of BounceBackTechnologies.com, Inc., +1-228-872-5558, or email, investorrelation@bouncebacktechnologies.com
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Publication:PR Newswire
Geographic Code:1USA
Date:Jan 12, 2004
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