Parlay Entertainment Unveils Parlay 5, the Next Generation of Bingo Software

Parlay Entertainment Inc. (TSX VENTURE:PEI), the world's leading supplier of
Internet and TV bingo software solutions, will today debut the next generation
of online bingo software, Parlay 5, at the Third Annual Online Bingo Summit in
London. The powerful software includes a host of ground-breaking features that
make it easy for bingo operators to increase their liquidity by pooling players
who speak different languages and use different currencies into a single bingo
game.


"The foundation of Parlay 5 is our enhanced internationalisation features," said
Perry Malone, Chief Technology Officer for Parlay. "Clearly there is strong
demand for software that simplifies the process of configuring bingo games,
jackpots and chat rooms using multiple languages and currencies."


In addition to internationalisation features, Parlay 5 makes it easier for
operators to differentiate their bingo brands in an increasingly crowded
marketplace. The new software employs the latest in Flash technology to allow
greater freedom in customising the look and feel of the bingo interface,
including additional space for branding and advertising and the ability to
customise screen real estate.


"In this competitive environment, we know online bingo sites must be able to
differentiate themselves from each other more than ever before," says Malone.
"Parlay 5 is revolutionary because it makes it easy for sites to develop a
unique personality that is miles apart from the competition."


Parlay 5 is just the latest example of Parlay's commitment to developing
products for the global marketplace. In July 2004, Parlay was the first company
in the world to launch a 90-ball online bingo game targeting UK audiences, which
led directly to the country's massive online bingo boom. Swedish variant bingo
came two years later, replicating the way 75-ball bingo is played in Sweden.


"Bingo Without Borders is all about giving operators and players the freedom and
flexibility they expect," said Malone. "It's bingo software that's designed for
a global audience, not just a single market."


Parlay Entertainment is the platinum sponsor of the Third Annual Online Bingo
Summit, which runs June 17 and 18 at the Royal Garden Hotel, Kensington, London.


About Parlay Entertainment

Parlay Entertainment Inc. is the world's leading developer and dominant licensor
of Internet bingo solutions. As the inventor and holder of Internet bingo
patents(1), Parlay was the first company in the world to develop and deploy a
commercial Internet bingo product. Parlay Bingo is available in both 75-number
and 90-number versions and is complemented by a full suite of lottery and casino
games. Our multi-player, multi-platform technology is used to power more online
bingo sites than any other software provider in the world. Some of the world's
best-known brands use Parlay Bingo solutions, including Virgin, Yahoo!, Paddy
Power, Bet24, NetPlay TV, Bingos.co.uk and the St. Minver bingo network.
Parlay's head offices are in Oakville, Canada with offices in Bridgetown,
Barbados and Valletta, Malta.


For more information on Parlay solutions and services, please visit our Web site
at www.parlaygroup.com.


For more information on Gaming VC solutions and services, please visit our
website at www.gamingvc.com.


This document may contain statements about expected future events and/or
financial and operating results of Parlay Entertainment Inc. that are
forward-looking. By their nature, forward-looking statements require the Company
to make assumptions and are subject to inherent risks and uncertainties. There
is significant risk that predictions and other forward-looking statements will
not prove to be accurate. Readers are cautioned not to place undue reliance on
forward-looking statements as a number of factors could cause actual future
results, conditions, actions or events to differ materially from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements.


(1) United States Patent No. 6,585,590, Canadian Patents No. 2,340,152 and
2,618,843, with other Patent applications pending in other countries.

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