TrackPower to sell kiosk business plan, other assets to PlayandWin

LAS VEGAS --

The agreement allows PlayandWin to capitalize on TrackPower's distribution strategy and utilize the kiosk rollout to market, promote and educate racing fans on PlayandWin's new Racingo wager. Racingo is a pari-mutuel, proprietary game similar to bingo where the outcome is based on a series of horse races.

"PlayandWin is an excellent alignment for TrackPower's turnkey broadcast and kiosk business," said John G. Simmonds, CEO of TrackPower. "PlayandWin will have a focused mission and management team to fully execute the business strategy. The TrackPower kiosk rollout and distribution opportunity will be extremely complimentary to Racingo, PlayandWin's exciting new proprietary wager."

PlayandWin holds the exclusive license to the Racingo concept for the Internet as well as North American on-track and off-track versions of Racingo. PlayandWin retains the right of first refusal to introduce the Racingo concept internationally and to other venues (i.e. cruise ship lines, airlines, Native American gaming and bingo) from Racingo Investments Ltd. PlayandWin, through its 100 percent wholly owned subsidiary Lynx Gaming, is a partner in Racingo Investments Ltd.