TransGaming Reports Third Quarter Fiscal 2014 Results

TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company"), a global
leader in delivering innovative technology solutions for the rapidly evolving
video games industry, today reported its third quarter fiscal 2014 results. The
Company's unaudited interim consolidated financial statements for the three and
nine months ending February 28, 2014 and Management's Discussion and Analysis
have been filed and are available on SEDAR at www.sedar.com.


Highlights

TransGaming reported third quarter fiscal 2014 revenue of $1.2 million and $5.0
million for the nine months ending February 28, 2014. The net loss for the
quarter was $0.46 million with adjusted EBITDA earnings of $0.1 million. During
the quarter, the Company announced the strategic restructuring of its Graphics
and Portability Group, including the hiring of a new Vice President to execute
on its new strategic initiatives and drive long-term revenue growth. The
following highlights should be noted:




--  Initiated a strategic restructuring of its Graphics and Portability
    Group to achieve greater scale and revenue by adding outbound technology
    licensing (including source code licensing), game publishing and support
    for the enablement of PC games to Android, iOS, and Steam OS 
--  Announced that games industry veteran Fredrik Liljegren was joining the
    Company as Vice President of its Graphics and Portability Group,
    bringing with him decades of technology and gaming leadership experience
--  Announced that it was partnering with Samsung, the world's largest
    consumer electronics company, to bring the GameTree TV platform to
    Samsung Smart TVs globally 
--  Announced that it was partnering with Toshiba Europe GmbH to bring the
    GameTree TV platform to Toshiba Smart TVs globally 
--  Subsequent to quarter end, announced that GameTree TV will provide games
    for Sharp's Aquos SmartCentral 3.0 Smart TV platform 
--  Subsequent to quarter end, announced the release of Star Trek Online,
    the award-winning free-to-play MMORPG for the Mac 
--  Closed an equity offering in February 2014 raising gross proceeds of
    CA$4.6 million 
--  Reported cash and cash equivalents of $5.3 million 
--  Reported adjusted EBITDA earnings of $0.1 million, including an
    unrealized gain on foreign currency exchange of $0.8 million



Commenting on the results, Vikas Gupta, CEO & President of TransGaming stated:

"We've delivered consistent growth over the last many quarters and have
demonstrated cash flow neutrality or profitability. Now, it's time for us to
accelerate our growth, scale the company, and be poised to take advantage of new
technology and business model trends within our industry. We are very excited
about the restructuring of the Graphics & Portability Group, being led by a new
Vice President who is a highly accomplished games industry veteran, and are
confident that our strategic changes will yield incredible market traction and
results in the quarters to come. TransGaming has also closed many new channel
partner agreements for GameTree TV and we are now cultivating a growing
addressable market into active users. Although still a young and nascent market,
we are ahead of everyone else in this marathon and are aggressively working on
monetizing users.


"We are no longer managing the company to survive in difficult economic times.
We've done this and we've demonstrated our ability to weather the storm. It's
now time to focus on growth. Our changes, our decisions, our outlook are now
about building and scaling TransGaming."


Conference Call Details

TransGaming will host an analyst and investor conference call at 10:00 a.m. EST
on Wednesday April 30, 2014 to review the third quarter fiscal 2014 results. The
telephone number for the conference call is [phone]. The call will be
recorded and a digital replay will be available on the Company's Investor
Relations portion of its website at www.transgaming.com/investor-relations.


About TransGaming Inc.,

TransGaming Inc. (TSX VENTURE:TNG) engineers technologies that ignite
experiences, delighting audiences around the world. From its roots as a
trailblazer in cross-platform enablement, TransGaming has expanded to deliver
essential solutions fuelling software 3D graphics rendering, parallel computing,
and the distribution of digital content. TransGaming's disruptive innovations
are now used by everyone from home consumers, to the largest and most
influential tech companies in the world. Visit us at www.transgaming.com.


FORWARD-LOOKING STATEMENTS

Certain statements in this document may constitute "forward-looking" statements,
which involve known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. When used in this
document, such statements use words like "may", "will", "expect", "continue",
"believe", "plan", "intend", "would", "could", "should", "anticipate" and other
similar terminology. These statements reflect current assumptions and
expectations regarding future events and operating performance and speak only as
of the date of this document. Forward-looking statements involve significant
risks and uncertainties, should not be read as guarantees of future performance
or results, and will not necessarily be accurate indications of whether or not
such results will be achieved. A number of factors could cause actual results to
vary significantly from the results discussed in the forward-looking statements,
including, but not limited to, the factors discussed under the "Risk Factors"
section of the Company's the most recently filed Annual Information Form which
is available on SEDAR at www.sedar.com.


Although the forward-looking statements contained in this document are based
upon what we believe are reasonable assumptions, we cannot assure investors that
our actual results will be consistent with these forward-looking statements. We
assume no obligation to update or revise these forward-looking statements to
reflect new events or circumstances, except as required by securities law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TransGaming Inc.
Dennis Ensing
Chief Financial Officer
+1 416 979­9900 x321
[e-mail]
www.transgaming.com