FortuNet Inc. Announces Submission of Compliance Report for Mobile Gaming System to Nevada Gaming Control Board

FortuNet Inc. (NASDAQ:FNET) announced that it recently
submitted a comprehensive compliance report for its system-based
mobile gaming platform to the Nevada Gaming Control Board. The
compliance report includes hardware drawings and software listings for
FortuNet's stationary and mobile wireless gaming terminals controlled
by system game servers. The compliance report is the initial step by
which the Technology Division of the Nevada Gaming Control Board
begins the rigorous task of reviewing new gaming products for sale in
the Nevada market. There is no assurance as to the timing of the
review process or that FortuNet's mobile gaming platform will be
approved by the Nevada Gaming Control Board.

   About FortuNet Inc.

   FortuNet is a Las Vegas-based and Nevada-licensed manufacturer of
multigame server-based gaming platforms. FortuNet's gaming platforms
include networks of both wireless and stationary player terminals,
cashier-based point-of-sale terminals, self-service kiosks and central
game file servers. FortuNet is a leader in the mobile bingo gaming
device market with its fourth-generation wireless and stationary
player terminals marketed under the BingoStar(R) brand name and
intends to enter the emerging mobile gaming market in Nevada.
Traditional casino games, such as keno, slots and poker, can be
readily adapted to FortuNet's gaming platform, which will be marketed
under its WIN-WIN(TM) brand name.

   This release may contain 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. All
forward-looking statements are inherently uncertain as they are based
on current expectations and are subject to numerous known and unknown
risks and uncertainties, which could cause the company's actual
results to differ materially from those as indicated in the
forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements and should review the
company's filings with the Securities and Exchange Commission.