iCrystals New Version Of Its Virtual Gaming Software Delivers High Marks

Press Release

iCrystals New Version Of Its Virtual Gaming Software Delivers High Marks

Surrey, Canada - May 28, 2002 -- iCrystal, Inc. (OTC BB: ICRS.OB-news) (iCrystal" or Company"), a Surrey, Canada-based designer, developer, and licensor of Internet based lottery and casino gaming software is please to announced the successful release of the latest version of its virtual casino gaming software, iCrystal Virtual Casino 6.0."

iCrystals virtual casino clients have reported an approximate 20% increase in revenues since upgrading their software.

The Companys launch of this new version C++ format software to the existing licensees earlier this year has resulted in more attractive and entertaining gaming sites which has increased the bottom line for our customers; which in turn has increased iCrystals bottom line," stated Derek Bodnarchuk, President.

We are proud to be providing our new version C++ software and are excited about the positive responses received from our clients. The new version makes our clients web sites tremendously more interesting and our clients are seeing a substantial increase in their revenues," stated President Larry Hrabi, CEO.

Management anticipates that these encouraging results will facilitate negotiations with other potential customers and substantially increase revenues from the Companys current operation.

iCrystal, Inc. is a designer, developer, and licensor of Internet based lottery and casino gaming software. iCrystal provides its licensees with complete turn-key solutions to the Internet gaming industry. Its casino software features integrated secure credit card processing and user friendly reporting tools. Through iCrystals Master Licensee, the Company can assist in providing its licensee with hosting and effective marketing strategies. The Companys reliable and timely solutions tailored to ease of use and customized gaming variety has contributed to the ability of iCrystals software packages to generate immediate revenue.

To date, the Company has invested over $5,000,000.00 (US) in the research, development and acquisition of state of the art gaming software and technologies geared towards the Internet. Our primary focus is to supply the demand for superior products targeted towards specific niche markets and ultimately provide the customer with a unique and memorable gaming experience.

This press release contains forward-looking statements based on the Company's current expectations about its business and its industry. You can identify these forward-looking statements when you see words such as ``expect'', ``anticipate'', ``estimate'' and other similar expressions of plans or uncertainties. These forward-looking statements involve risks and uncertainties and actual results could differ materially from those anticipated in these forward-looking statements. Such risks relate to uncertainty in the internet gaming and credit card processing laws around the world, terrorism and its effect on business and the internet, consumer acceptance of and confidence in internet gaming, continued development of our software to keep abreast of current technology, competition from larger, better staffed and financed companies in the gaming industry and reliance upon our limited number of software licensees to continue operations and perform according to their agreements. The Company undertakes no obligation to publicly update any forward-looking statements for any reason, even in the event new information becomes available or other events occur in the future.

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Contact:
iCrystal Inc.:
   Derek Bodnarchuk, President
   Ph#: 604-542-5021
   E-mail:
   
Or:
Larry Hrabi, CEO
   Ph#: 604-542-5021
   E-mail: Larry@iCrystal.com
   or www.iCrystal.com