Midas Entertainment Reports Initial Results

DAVIE, Florida – (PRESS RELEASE) -- Midas Entertainment, Inc. (OTC Pink Sheets: MDAS), an online poker software company, announced today it has taken over $32.6 million in bets, processed more than $3.2 million in payments and generated $712,000 in gross revenue during its initial four and a half months of operations. To date, the company has acquired over 10,500 players playing through the Company's web portal licensees.

Midas Entertainment's President, George Gutierrez, remarked, "We continue to be amazed by the rapid start we've experienced in growing our user base, processing transactions and generating revenue. The online poker market has grown over 700% this past year and continues to expand dramatically. We are projecting continued growth for both the industry and our company as we look forward to pursuing many exciting opportunities in 2005."