PR: Molnick and HGN Announce Patent for Live Gaming Events

[Casinomeister]

Mel Molnick, CEO of Home Gambling Network, Hereby Announces His Patent Has Been Issued by the European Patent Office (EPO)

LAS VEGAS, NV -- (MARKET WIRE) -- August 09, 2006 -- Home Gambling Network, Inc. ("HGN") and Mel Molnick ("Molnick") are pleased to announce that, on August 02, 2006, the European Patent Office ("EPO") issued Mr. Molnick's Patent for live gaming events with electronic fund transfers for remote players. Mr. Molnick's Patent is now registered in all EPO countries and member territories.

European Patent No: 0 956 118
United States of America Patent # 5,800,268
Australian Patent #'s 755152 & 757705
More to follow:

The Patent

The Patent pertains to a business method for remote wagering on live games and events utilizing electronic transactions. The patent was first published in Europe in November 1999 and provides its assignee with full provisional patent protection.

Specifically, via remote wagering, consumers can place bets from anywhere in the world without having to go to an actual wagering entity such as a casino, race track, sports book, or off-track betting parlor. Location-free wagering such as this is delivered to consumers via the Internet, satellite and cable television, and wireless technologies. Live games and events include casino-style games, pari-mutuel wagering, lotteries, sports betting, bingo, keno, and more. Electronic financial transactions are executed by credit card, debit card, smart card, as well as e-cash and any other electronic funds transfer.
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For more information concerning Mr. Molnick's European Patent, please
contact:

Mel Molnick
CEO & President
Home Gambling Network, Inc.
Ph. 1-805-693-8198
Fax 1-805-693-8068
E-mail: Email Contact

SOURCE: Home Gambling Network, Inc.