Excapsa Poker Network and National Lampoon, Inc. Announce Exclusive Marketing Initiative and License Agreement

Business Wire, May 3, 2006

TORONTO -- Excapsa Software plc (AIM:XCP) which develops, maintains and markets real time internet enabled poker software and manages the Excapsa poker network, is pleased to announce that its wholly owned subsidiary, Game Theory Limited, has signed a license agreement with National Lampoon, Inc. (AMEX:NLN) and completed an exclusive multi-tiered marketing initiative between the two organisations.

National Lampoon's free online poker room (www.nationallampoonpoker.com) will be the first stop for college students at 600 U.S. colleges and universities in the NationalLampoonPoker.com National College Poker Tournament, a nationally televised intercollegiate poker tournament designed to play on the natural rivalry between schools. Students who succeed in the free online poker tournaments will move to regional semi-finals in Texas, Florida, California, Michigan or North Carolina. Twenty-five players from the regional semi-finals will then travel to the national competition where a trip for four to Cabo San Lucas and other great prizes are on the line. National Lampoon, Inc. will promote their play-for-fun poker site and the intercollegiate events through their URL; on-air through their in-dorm college network; and at live events across the United States. As part of this agreement, UltimateBet.com will co-sponsor the land based and online events.

Commenting on today's announcement, Robert Demarco, General Manager of Game Theory, said: "This unique licensee relationship is an exciting venture to directly integrate the online poker environment with offline entertainment and mass media exposure. The grassroots effort will provide an interesting customer acquisition campaign to follow."

Neil McGinness, Vice President, National Lampoon, Inc., said, "Our tournament will showcase the classic athletic conference rivalries. Additionally, it will also let East Coast students battle West Coast students. Players from small schools will battle players from big schools. Females will battle males. We expect collegiate madness in dorms, online and on the felt at our competition events."

Daniel S. Laikin, CEO, National Lampoon, Inc. added, "Partnering with the Excapsa Poker Network gives us the premier technology and software necessary to bring poker to our mass college audience at NationalLampoon.com and at TogaTV.com. The National competition also makes a perfect addition to our event marketing calendar. National Lampoon, Inc. and poker make a winning combination."

Jim Ryan, President and CEO of Excapsa Software said, "National Lampoon, Inc. is a great addition to our growing list of licensees and fits well with our focus of signing license agreements with strategic partners who broaden our reach into desired markets. Their brand identity among the college age population is strong and with the growing popularity of poker among this demographic this is a mutually beneficial partnership."

About Excapsa Software, Inc.

Excapsa (AIM: XCP) is a leading online gaming software developer headquartered in Toronto, Ontario. The Group successfully floated on to AIM in February 2006 in conjunction with a placing of 51,087,374 Common Shares at a Placing Price of 110p per share, market capitalisation of GBP 214.2 million. Excapsa develops, maintains and markets multi-player, real time, Internet enables poker software and manages the Excapsa Poker Network. Licensee brands include DevilfishPoker.com, UltimateBet.com, UltimatePoker.com, CardPlayerPoker.com, MagicPalacePoker.com, DV8Poker.com and NationalLampoonPoker.com among others.

About National Lampoon Inc.

National Lampoon, Inc. (Amex: NLN) is and has been one of the leading brands in comedy for over 35 years. National Lampoon, Inc. is active in a broad array of entertainment activities, including feature films, television programming, interactive entertainment, home video, comedy audio CD's and book publishing. National Lampoon, Inc. reaches over 4.8 million students at over 600 U.S. universities.