GREAT AMERICAN FINANCIAL CORP (OTC: GAFL), Formerly Interactive Gaming & Communications, Inc., Makes Progress NORRISTOWN, Pa., Oct. 5 /PRNewswire-FirstCall/ -- GREAT AMERICAN FINANCIAL CORP (OTC:GAFL), formerly Interactive Gaming & Communications, Inc. (OTC:IGAC), is pleased to announce that it is preparing its financials to reapply to the Bulletin Board for listing. In April 2003, the Company filed a Form 15 to be removed from reporting status to avoid auditing and other expenses for an inactive company. Most of the GAFL consolidated liabilities have been eliminated by the dissolution of its non-operating subsidiaries, including Intersphere Communication, Ltd. in a Chapter 7 proceeding. GAFL has divested itself of all gaming-related activities and its new direction is that of a holding company focused on investing in and building a network of operating subsidiaries engaged in various innovative businesses. At the present time, there is a letter of intent to acquire a Residential Water Treatment company using a unique sales program which indicates a rapid increase in sales and national exposure. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements set forth herein include the signing of a definitive acquisition agreement and that a closing will take place. All forward-looking statements in this press release are made as of the date hereof, and the Company assumes no obligation to update these forward-looking statements whether as a result of new information, future events or otherwise. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. These uncertainties include those set forth in the Company's SEC reports, including the Company's Form 10-KSB and other filings. Copies of these filings are available through the SEC's electronic data gathering analysis and retrieval system (EDGAR) at http://www.sec.gov/. DATASOURCE: Great American Financial Corporation CONTACT: Gregory R. Noonan, Esq., Great American Financial Corp., +1-610-277-0180, Fax: +1-610-278-7037, Web site: http://hometown.aol.com/gafcholding

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