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Check n Raise Launch Planned for September

27 Aug 2004

TORONTO, Ontario – (PRESS RELEASE) -- In just 30 days, Check n Raise is going to take the online gaming industry by storm! Developed in Toronto by Funtime Hospitality Corp., a publicly-traded company on the TSX Venture Exchange, Check n Raise will be opening for business on September 26, 2004.

Check n Raise has been in development for seven months by a class-A team of technology, network security, gaming strategy, legal, and business development professionals. As well, Bob "The Poker Coach" Ciaffone, a World Series of Poker finalist and world-renowned poker author, is a Director of Funtime and has been providing tactical advice on how Check n Raise will become the best Poker website on the Internet.

Instead of becoming a "skin" of a current poker website or licensing technology from a service provider, Check n Raise has gone against these homogeneous and boring industry trends to instead develop proprietary technology. This will allow their refreshing consumer programs and exciting gaming promotions to be implemented in a fresh, new way that poker players will find exhilarating.

The operations and servers for Check n Raise will be located in Curacao, Netherlands Antilles and will be conducted through Funtime Hospitality Corp.'s wholly-owned subsidiary, Check n Raise Poker N.V., a Netherlands Antilles corporation.

CEO with Extensive Gaming History in Ontario

Funtime Hospitality Corp. CEO Michael Mandel is well-known in Ontario gaming circles. He formerly operated Fundtime Games Inc., a private Ontario corporation engaged in the business of providing personnel, gaming equipment and management of gaming operations to licensed charities who operated roving gaming casinos in the Province of Ontario.

When the Ontario government announced its intention in 1996 to restructure the province's charity gaming industry to permit permanent charity gaming hall locations, Fundtime formed a joint venture with Consolidated Press Holdings Ltd., Australia's major casino operator, to apply for licenses to develop and operate some of these locations.

In September, 1997, the Corporation's joint venture was granted six provincial licenses to operate charity gaming clubs, and substantial sums of money were expended on site selection and pre-opening costs. However, on June 26, 1998, the Ontario government without warning or explanation revoked the licenses, and announced plans to replace the proposed 44 charity gaming clubs with four commercial-sized casinos that would be owned and operated by the Province.

After lengthy negotiations, a financial settlement was achieved with the Province.

Still committed to the validity of Gaming as a profitable business venture, and aware of the incredible global growth trend of Poker as an industry, Michael Mandel has decided to get back "in the game" with a vengeance. He believes that Check n Raise will be the best Poker website built by card players for card players, and will quickly grow to become one of the top ten gaming websites on the Internet within a year of its September 26, 2004 launch.

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