PRESS RELEASE

WILLEMSTAD, Curacao -- Online bookmakers VIPsports (http://www.vipsports.com) today announced the release of their newest form of betting, Index wagering.

Index Wagering, which originated (as Spread Betting) in England during the late eighties, is similar to the Financial Futures markets in that the more right you are, the more you win, and conversely the more wrong you are, the more you lose.

Punters either "buy" if they think a market will go over the quoted spread, or "sell" if they think it will be lower.

For example, VIPsports offered a market on the Total points in the NFL Pro Bowl, the opening quote being 46-49. Punters who "bought" the points at 49 ended up netting a 16-point profit as the AFC won 45-20 (65-49 = 16).

Punters who "sold" at 46, however, lost 19 times their unit stake (65- 46=19).

Those who "bought" the total goals in the NHL All-Star game didn't fare so well, however, with the 11 goals falling well short of the opening quote of 16-17 goals.

VIPsports is now offering markets on all NBA games and events to be offered in the near future, including the Daytona 500, "March Madness" and the NHL Playoffs.

To learn more about this exciting new betting opportunity, please visit the website at www.vipsports.com or send an e-mail to index@vipsports.com