KING OF PRUSSIA, Pa. -- iGames Entertainment Inc. (BULLETIN BOARD: IGME) today announced that the former stockholders of Available Money, Inc. filed a lawsuit in the United States District Court for the District of Delaware naming iGames and Christopher M. Wolfington, its Chief Executive Officer, as defendants. The complaint arises out of iGames' purchase of the capital stock of Available Money, Inc. pursuant to a stock purchase agreement dated as of January 6, 2004 (the "Stock Purchase Agreement"). In addition, the former stockholders of Available Money filed a Motion for a Standstill Order/Temporary Restraining Order that the court denied without a hearing.


iGames has paid or tendered to the former Available Money stockholders all consideration now due to them under the Stock Purchase Agreement and, therefore, the lawsuit is frivolous. Accordingly, iGames believes that the suit was filed for inappropriate purposes and will vigorously defend against this action and seek sanctions for filing of a frivolous suit. iGames also anticipates filing counterclaims against Howard Regen, Helene Regen and Samuel K. Freshman seeking substantial reduction in the purchase price and other damages and remedies based on fraud and misrepresentations by them in connection with the transaction.


About iGames Entertainment


iGames Entertainment, Inc. provides cash access and financial management systems for the gaming industry, focusing on specialty transactions in the cash access segment of the funds transfer industry through its Money Centers of America, Inc. and Available Money, Inc. subsidiaries. For a complete corporate profile on iGames Entertainment Inc., please visit iGames' corporate website at http://www.igamesentertainment.com/ /.


Safe Harbor Notice: Certain matters discussed in this news release are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to a number of known and unknown risks and uncertainties including, but not limited to, statements concerning iGames Entertainment's future plans to commence legal actions, the anticipated outcome of pending litigation and other risks detailed from time to time in iGames Entertainment's filings with the Securities and Exchange Commission. Actual results may differ materially from those expressed in any forward-looking statements made by or on behalf of iGames Entertainment, Inc.


Source: iGames Entertainment, Inc.

CONTACT: Christopher M. Wolfington, Chief Executive Officer of iGames
Entertainment, Inc., +1-800-530-1558


Web site: http://www.igamesentertainment.com/

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