Parlay Entertainment, IGW Software Enter Strategic Relationship

MIAMI, Florida -- (Press Release) -- Global Entertainment Holdings/Equities, Inc. (OTCBB:GAMM) announced that its subsidiary, IGW Software, Inc. (IGW), has signed a letter of understanding to form a strategic relationship with Parlay Entertainment Limited, a member of the DCEG Group of Companies (OTCBB:DCEG).

As a result of this relationship, IGW will integrate the full range of Parlay's state-of-the-art online bingo and casino software into IGW's award winning Sportsbook, Horsebook and back-office product lines. The fully integrated system is scheduled for release in the third quarter of this year. IGW's customers include leading sports betting sites such as www.betgameday.com, www.vipsports.com and www.sirbet.com.

"After thoroughly reviewing the industry for casino and bingo style online gaming, IGW selected Parlay Entertainment as its strategic partner," said Bryan Abboud, President of IGW.

"Like IGW, Parlay is focused on offering tremendous value and the highest level of responsiveness to its customers. By merging the synergy of Parlay's skill-set in casino and bingo game development with IGW's strengths in Sportsbook, Horsebook and backoffice integration, we now offer greater revenue opportunity and diminishing administrative expenses to both current and future clients."

"With the signing of this agreement to 'white label' Parlay software, we have accomplished one of our key corporate objectives for 2003," said David Outhwaite, Parlay's CEO. "IGW's dedication to quality and to the success of their customers is well established, and the combination of our two companies' software with a common back end creates an extremely powerful product offering. We're very pleased to be associated with an industry leader such as IGW to help broaden the reach of Parlay products."

Global Entertainment Holdings/Equities, Inc. (OTCBB:GAMM - News), is a publicly traded holding company that provides business development support and administrative assistance for technology-driven subsidiaries that license, develop and host internet software applications for the online entertainment and gaming sector.

IGW Software is a wholly owned subsidiary of Global Entertainment Holdings/Equities Inc. IGW is a leading provider of innovative software and services for the online gaming industry.

Founded in 1996, IGW offers online casinos, Sportsbooks, Horsebooks and private label sites to entrepreneurs and land-based casinos worldwide.

Parlay Entertainment Limited, a member of the DCEG Group of Companies (OTCBB:DCEG), licenses and supports Internet gaming products and related services, and neither operates nor participates in its customers' online gaming sites. As one of the first companies to license multi-player, pay-for-play bingo technology on the Internet, Parlay is a leader in the online bingo market, and offers a comprehensive suite of Java, Flash and downloadable bingo, casino and lottery products. Parlay is committed to customer satisfaction and the regulatory compliance of its entertainment software products worldwide.