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BREAKING NEWS
VirtGame Corporation

Premier Online Sports Wagering Site Utilizes
VirtGame (OTCBB: VGTI)
_____________________________________

Caliente, a Worldwide Leader in Sports and Race
Wagering Operations, Launches Premier Online Sports
Wagering Site Utilizing VirtGame's
PrimeLineSportsBook and E-Gaming Server Platform

VirtGame Corporation (OTCBB: VGTI) received a
BUY recommendation from Investor Spec Sheet
(www.investorspecsheet.com) on 1/8/02. A target price
of $2.39 has been set for FY2002.  See the complete
Research Report at
www.investorcommunications.net/reports/vgti.
_____________________________________

Share-Related Items

Recent Price (1/11/02) $.38
Market Capitalization (projected) $7.0M
Shares Outstanding (after offering) 18.43M
Float (after offering) 8.5M
Daily Volume (10 day avg) 40.0K
Daily Volume (30 day avg) 29.9K
Delayed Quote
http://quote.yahoo.com/q?s=VGTI.OB&d=t
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1/14/02

Looks like Investor Spec Sheet's
(www.investorspecsheet.com) BUY recommendation
was just in time.  Today, VirtGame Corp. (OTCBB:
VGTI), announced that Hipodromo de agua Caliente,
S.A. de C.V. ("Caliente") has launched its Premier
Online Sports Wagering Site utilizing VirtGame's
PrimeLineSportBook? and E-Gaming Server Platform.
Caliente is one of the largest sports book operators in
the world with over 130 establishments throughout
Latin America and Europe.  The site may be viewed at
http://www.Caliente.com.mx.

According to the announcement, Caliente plans an
extensive marketing campaign to make its customers
aware that they can now wager online 24 hours per day
365 days per year.  Eduardo Hernandez, Vice President
and General Manager of Caliente, believes promotion
of the site will also allow Caliente to develop a
significant new customer base.  Hernandez said,  "We
expect a significant increase in revenue as a result of
this e-gaming initiative.  By using VirtGame's Nevada
approved PrimeLineSportsBook?, Caliente has
established a premier online distribution channel to
better serve our customers."

Best of all, for investors, VirtGame expects a
substantial increase in its revenues through a monthly
account fee generated by the Caliente online site.  Scott
Walker, President and CEO of VirtGame commented,
"VirtGame is excited to provide Caliente with a vital
online distribution channel to their sports book
customers.  VirtGame has worked very closely with
Caliente to assure a successful launch and we are very
pleased to have one of the world's most successful
Sports and Race Book operators using our software
and e-gaming platform."

PrimeLineSportsBook?, VirtGame's proprietary
software approved by the Nevada Gaming Control
Board, can operate either over the counter, over the
Internet, via a closed-loop network or on a kiosk.  The
system features browser-based administration and a
modern server architecture/implementation.  The
Company's website is located at www.virtgame.com.

Read a complete Research Report on VirtGame at
http://www.investorcommunications.net/reports/vgti.

For additional information contact:

Rita Macdonald
VirtGame.com
EVP,  Business Developement
650-444-7900
rmacdonald@virtgame.com


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