NET ENTERTAINMENT SIGNS ANOTHER LICENSEE

15 February 2008

Thus far anonymous bingo operator orders CasinoModule product


Industry observers were pondering the identity of a mysterious new Net Entertainment licensee this week. After a year of successful online casino sales in 2007, the Swedish provider has started 2008 with another sale for its popular CasinoModule product, signing up a well established bingo operator which at this point has asked to remain anonymous, but is described as "one of the leading bingo operators on the Swedish market."

"Operators are more careful and thorough when choosing software supplier nowadays and the fact that we managed to sign this agreement in fierce competition, is a proof of the high quality of our product" says Johan Öhman, CEO for Net Entertainment.

The mystery company, which today has a significant number of registered players, is currently applying for a gaming license in Malta. Planned launch for the new casino operation is early Q 2, 2008.

Net Entertainment develops digitally distributed systems for Internet gaming. The core product, CasinoModule, is a complete gaming platform that comprises a laarge number of quality browser based games as well as a powerful administration tool. Customers are offered a system solution that is adapted to each customer and is easily integrated with their existing websites.

Net Entertainment licenses CasinoModule on a royalty format based on the revenues the product generates.

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