ProSportsBook.Net Updates Shareholders Of The Recent Launch Of Online SportsBook & Virtual Casino

Market Wire, May, 2002

ProSportsBook.Net (OTC:PSTB) announced today the launch of online gaming and sportsbook site www.ProSportsBook.net. ProSportsBook.Net is looking to become the leader in online gaming and sports wagering. ProSportsBook.Net has seen customer growth and interest in the recent weeks due to the NBA playoffs and the most recent Kentucky Derby.

ProSportsBook.Net attributes the increase in demand to the unprecedented technical accuracy and its user friendly website. Growth is also fueled by the 10% sign-up bonus ProSportsBook.net is offering for new clients. New account deposits will received a 10% cash bonus for the amount of the initial deposit.

ProSportsBook.net (www.ProSportsBook.Net), features a sports book of over 11 different types of sporting events to bet on, and 12 different casino games. More components will be added to the site as subscriber rates pick up and other gaming sites are acquired. ProSportsBook.Net operates as a marketing partner of a licensed casino in the Country of Antigua.

ProSportsBook.net is also evaluating several possible revenue generating licensing deals. These licensing deals currently being evaluated include nationwide horseracing, online poker, and lotteries. These licensing deals would give ProSportsBook.net an added advantage because they are non-risk deals. ProSportsBook.net would be paid a portion of each transaction without the risk.

ProSportsBook.Net has positioned itself to dominate the online gaming market by positioning its gaming web sites on the most popular search engines including, Yahoo, Google, Go, Excite, MSN, AOL, Netscape, InfoSpace, AltaVista, WebCrawler, Search.com and Ask Jeeves.

ProSportsBook.Net offers both a partner and affiliate program where ProSportsBook.Net will design, develop, market, sell and support a version of it's online gaming website. For further details on ProSportsBook.net partner program visit www.ProSportsBook.Net/partner.

Contact Information: Stephen Fischer www.ProSportsBook.Net ir@ProSportsBook.Net Call 602-400-8361

Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.