Soccer Development of America Announces Controlling Interest in Sports Wagering Site; Soccer Development of America to Own 51% Control of GoloLotto

Business Wire, Oct 28, 2003

Sports Editors/Business Editors

SAN DIEGO--(BUSINESS WIRE)--Oct. 28, 2003

San Diego Soccer Development Corp. (OTCBB:SDSD) dba Soccer Development of America (SDA), has announced making their final payment to take a 51% controlling interest of the GoloLotto online sports wagering site. The GoloLotto site, which is geared towards soccer fans in Latin America and parts of Asia and Europe, now covers wagering from all the top soccer leagues and professional sports throughout world. GoloLotto is competing in the annual online gaming marketplace that is estimated to be more than $10 billion by the end of 2004, according to Computer Almanac Industry. GoloLotto is currently in final discussions with a major media conglomerate in Latin America, to assist in marketing the site throughout the largest soccer markets in the South American Region including parts of Asia and Europe. The recently completed site is available in both English and Spanish and is currently set to launch wagering on all major sports in the largest South American countries including parts of Asia and Europe on or before Jan 15, 2004.

GoloLotto has partnered with Internet gaming pioneer Costa Rica International Sportsbook (CRIS) to co-develop and operate the GoloLotto gaming site. CRIS is one of the world's largest sports-based gaming services.

SDA President & CEO Yan Skwara stated, "SDA in conjunction with LAFC is pleased to announce that we have completed our final payment for controlling interest of GoloLotto, an online sports wagering operation that we have conceptualized over the past three years. We are very excited regarding this major project for SDA and its shareholders and are currently projecting generating revenue cash flow from this project starting January 2004. We anticipate we will market and maximize the potential for GoloLotto ultimately creating what we feel can be one of the most popular sports wagering sites in the region. Other publicly traded companies, which focus on sports wagering have been showing solid revenues in the multi-millions of dollars. With the gaming industry being a billion dollar industry and soccer being the largest sport in the world with millions of fans, we feel that GoloLotto can be positioned to capitalize on substantial revenue growth and provide a positive financial impact to increase shareholder value."

About GoloLotto:

The soccer-themed sports wagering site is targeted at soccer fans around the world and aims to becoming one the major soccer and sports wagering sites in the South American, and in parts of the Asian and European markets. GoloLotto offers fans the chance to bet on the top leagues and tournaments worldwide on all major sports. For more information visit the website at www.gololotto.com.

About Soccer Development of America:

Founded in 1997, San Diego Soccer Development Corp., dba Soccer Development of America (SDA), is a soccer corporation focused on targeted business opportunities within the sports and media industry including, marketing, gaming, corporate communications and sponsorship. For more information on the Company, please visit SDA's website at www.soccerdev.com.

Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.