Iforium launches Olybet in partnership with Olympic Entertainment Group

Press Release

1st August 2013

Iforium confirms the launch of OlyBet in partnership with Olympic Entertainment Group

Iforium, the eGaming software development company is pleased to confirm the launch of OlyBet in partnership with Olympic Entertainment Group (OEG).

Iforium have signed a multi-year agreement with OEG for the delivery of OlyBet. On August 1^st 2013 Iforium successfully launched, in parallel, OlyBet into the regulated markets of Estonia and Latvia. Furthermore, Iforium have supported OEG during their rebranding process of Olympic-Online to OlyBet.

In launching OlyBet, Iforium have managed and delivered OlyBet’s complete sports betting and gaming lifecycle across their land based, retail, mobile and online environments. This has been achieved by Iforium deploying Wagerflex, its complete player account management platform and GameFlex, its full multi-vendor casino and bonusing solution. In addition, Iforium have also integrated a range of premium sports and gaming content to support the OlyBet Sportsbook, Casino and Poker channels as well as delivering regionalised payment integrations via our seamless wallet.

Following the launch of OlyBet, Phil Parry, CEO of Iforium, commented:

“I am delighted to confirm the launch of OlyBet in partnership with Olympic Entertainment Group. The combined launch of OlyBet into the regulated markets of Estonia and Latvia is a further statement from Iforium regarding the core of our WagerFlex and GameFlex platform. This level of flexibility has allowed us to integrate and deliver all of OlyBet’s betting and gaming verticals which also includes the crossover from land based to online. We now look forward to evolving our partnership with OlyBet and supporting their expansion into new markets in the future.”

Kaido Ulejev, the General Manager at OlyBet, commented:

“Olympic Entertainment Group’s requirements when seeking the correct platform for OlyBet were exacting as we required a software partner that would support our existing operations in Estonia as well as our launch into Latvia. In choosing Iforium we have definitely found the right partner. They have delivered the launch of OlyBet on time and are providing a level of system functionality that will permit OlyBet to maximise its potential and support our future growth plans.”

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About Iforium:

Founded in 2006, Iforium is a leading eGaming software development company focused on providing the next generation of flexible gaming solutions. Our products and services can be rapidly deployed across the online gaming industry at all levels as well as in the emerging Regulated Markets.

Gameflex is our innovative Multi-Vendor casino bonusing solution. It combines premium online and mobile casino content from all the leading game vendors under a common single bonus and player loyalty scheme.

Wagerflex is our core Player Account Management platform and complete back office solution. Wagerflex provides the cornerstone of your online offering and is integrated into a suite of leading payment processors and affiliate management systems.

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About Olympic Entertainment Group

Olympic Entertainment Group AS is the leading gambling and entertainment service provider in the region operating casinos in Estonia, Latvia, Lithuania, Poland, Slovakia, Belarus and Italy.

Olympic Entertainment Group is listed on the Tallinn and Warsaw stock exchanges and is a full member of European Casino Association.

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Contacts:

Iforium Limited:

Phil Parry

Iforium CEO

Telephone: +44 (0) 1624 822933

Website: www.iforium.com

Email: [email protected]

OlyBet:

Kaido Ulejev

OlyBet General Manager