FUN Technologies' SkillJam signs multi-year skill-gaming agreement with Sportingbet

Press Release

LONDON /CNW/ - FUN Technologies plc ('FUN'), a leading provider of skill gaming, online sports information and fantasy sports, announced today that its subsidiary, SkillJam Technologies Corporation ('SkillJam'), has entered into a multi-year agreement with London-based Sportingbet plc ('Sportingbet') to be its pay-to-play skill-gaming provider.

Under the agreement, SkillJam will develop, host and manage a private- label, pay-for-play, customized skill-gaming platform for Sportingbet.

Founded in 1998, Sportingbet is a fully regulated, tax-free, online gaming and sports betting company. Publicly traded on the Alternative Investment Market of the London Stock Exchange (AIM), it is one of the world's largest online gaming companies. Operating under fully regulated licences in the UK, Australia, Antigua and Curacao, it provides services to over 2.5 million customers in over 200 countries, who place over 1 million bets (casino, poker, sports and virtual games) per day via its 30 brands across the world. Total bet volumes show the Group now takes 14 bets per second, and deals over a million games of poker every day on the Paradise Poker site.

SkillJam, a subsidiary of FUN, is a multi-channel provider of skill- gaming technology and solutions. It develops and distributes private-label gaming solutions for a broad network of partner destination sites in the US and abroad, including AOL, MSN's Zone.com and Disney's Go.com. In 2005 alone, SkillJam has signed over 15 skill-gaming deals with leading global brands, including Virgin Games and eBay.

Lorne Abony, CEO of FUN, said, 'FUN Technologies is excited to be working with one of the largest, most prestigious operators in the online gaming sector. Sportingbet is a pioneer and market leader in online gaming, and we are delighted to be chosen as their skill-gaming partner. Beyond that, this deal marks a further extension of SkillJam's position as the leading supplier of skill games to the online gaming market.'

Sportingbet's Director of Strategic Marketing, Andrew May, added, 'We are pleased to be able to partner with FUN Technologies and add its world-class skill gaming offering to our growing portfolio of entertainment-focused gaming products. The addition of skill gaming further facilitates our strategy of innovative product development and excellence in marketing to existing and new customer groups.'

About FUN Technologies plc

FUN Technologies plc is a leading provider of person-to-person skill gaming, online sports information and fantasy sports. FUN's strategy is to provide its cutting-edge, person-to-person gaming systems to top, licensed distribution partners in regulated markets around the world. FUN is a public company, incorporated in England and Wales, and is listed on both the Toronto Stock Exchange and the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol 'FUN'.

For further information:

FUN Technologies, Alex Mackey, Catullus
Consulting, +44 (0)207 736 2938; Tracey Irwin, Director of Communications,
(416) 840 0806;

Sportingbet, George Hudson, Smithfield Consultants,
+44 (0)20 7903 0669