IQ-Ludorum Releases IQ-Racing 1.0

Announcing the launch of IQ-Racing:
A complete online horse and greyhound racing wagering solution, supporting live racing feeds and pari-mutuel wagering


London, UK - April 23, 2002: IQ-Ludorum, the leading provider of gaming solutions for the offshore market, today announced the release of IQ-Racing 1.0, an integrated web solution for wagering on thoroughbred, harness and greyhound races. The release supports IQ-Ludorum's objective to offer their clients a broad range of gaming services delivering true single account convenience, across the full breadth of digital media devices. It supports a live feed to deliver all of the latest racing data as well as a facility to support pari-mutuel style wagering.

"IQ-Racing gives our existing sportsbook clients the capability to increase and maintain year-round revenue from all racing sports. This complete racing solution for online bettors, targeting the "Sport of Kings", will open up new wagering opportunities for our customers based on the hundreds of races that take place each day around the world. IQ-Ludorum's single account strategy succeeds on two fronts: helping to keep customers by offering wider gaming options and maximizing revenue using digital media."

General Manager, Marketing
John Roberts

IQ-Racing is a turnkey solution incorporating a live line feed, a robust website interface supporting all common bet types and a secure database that integrates seamlessly with IQ-Ludorum's existing sportsbooks (IQ-Sportstech, IQ-Netsports, Softech). Platformed on an open architecture, IQ-Racing is compatible with EPoS (Electronic Point of Sale) systems with touch screen terminals for use in betting shops and at race tracks.

IQ-Racing debuted April 18/02 on the site of WWTS, a pioneer in offshore sports betting and one of the most respected organizations in the E-Gaming industry.

About the companies:
IQ-Ludorum plc. is a leader in the E-Gaming Industry, providing a unique integrated architecture for the operation of best-in-class gaming services across all digital media. A publicly held company with offices in the UK, Canada, and throughout the Caribbean, IQ-Ludorum trades on the London Stock Exchange's Alternative Investment Market (AIM) under the symbol IQL.L.
Website: www.iq-l.com

World Wide Tele-Sports (WWTS) - Based in Antigua, WWTS is a pioneer in the offshore sportsbetting industry. Consistently cited as one of the top providers in the offshore sportsbook market, WWTS possesses an outstanding reputation amongst peers and players alike.
Website: www.betswwts.com

IQ-Ludorum, IQ-Racing, IQ-Sportstech, IQ-Casino and IQ-Netsports are trademarks owned by IQ-Ludorum. Other trademarks appearing are the property of their respective owners. IQ-Ludorum plc is publicly traded on the London Stock Exchange (AIM - Alternative Investment Market). The London Stock Exchange has neither approved nor disapproved the information herein.

Someone posted you were going out of business and were in dire financial straits ??

Rumors are floating that their actual cash reserves might be low and that they had to seek additional capital by issuing additional shares.

Their stock price has showna steady decline for the most part since they went putlic. Maybe this will help for a rebound.