PRESS RELEASE

SOURCE: Online Gaming Systems, Ltd.

Online Gaming Systems Ltd. (OTC Bulletin Board: OGAM - News), a leading provider of casino turnkey solutions, today announced its FIRE system has been certified as compliant with respect to the Northern Territory (Australia) Treasury Technical Functionality requirements. The certification of the FIRE software system is part of the on-going approval process by the Northern Territory Treasury for Casino Paraiso. Casino Paraiso is owned by International Gaming & Entertainment Corporation, a Sydney based company.

The FIRE product has been designed with security, performance, third party integration and scalability in mind. The java-designed system has been loaded with controls that comply with operating a casino in a regulated environment as well as giving the casino operator the flexibility of integrating with their existing systems. The system has been tested to handle more than 1,000 simultaneous users on a single Game Server and can be scaled up to many times that figure by utilizing additional Game Servers.

The certification was completed by GGS, the world's leading Internet testing company and accredited in the world's leading regulated jurisdictions. The certification testing will be summarized in a report to be submitted to NTT during the next month.

"We are the only software developer to have two products certified, having completed certification for our ICE product during 2001, said Herman Suarez, Director of Marketing for Online Gaming Systems, Ltd. Northern Territory was the first regulated jurisdiction for Internet gaming in the world, and its regulations are the world's most stringent. We are confidant that our FIRE product can be certified anywhere in the world, thereby reducing the time to market and cost of compliance for our customers."

Online Gaming Systems, Ltd. ( www.ogsltd.com ) develops and markets Internet and private network transaction based products that it offers to licensed gaming operators in regulated jurisdictions. These products include FIRE, (Fully Integrated, Regulated, Environment), premier interactive casino system, Internet Casino Extension (TM) (ICE), a growing suite of casino games, webSports (TM), a sports wagering system, Lotto Magic (TM) a lottery system for private, government and fund raising purposes, and Bingo Blast (TM) a multi-player system for charity and private organization use.

This news release may contain "forward looking" statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward- looking statements. Future operating results may be adversely affected as a result of a number of risks that are detailed from time to time in the company's filings with the Securities and Exchange Commission.