Zone 4 Play Announces the Founding of Gaming Ventures PLC as Part of the Spin-off Process of its Black Jack Tournament Technology

Zone 4 Play Announces the Founding of Gaming Ventures PLC as Part of the Spin-off Process of its Black Jack Tournament Technology

WILMINGTON, Delaware, August 16/PRNewswire-FirstCall/ -- Zone 4 Play, Inc. (OTCBB: ZFPI), a leading developer of
interactive gaming technology, announced today that it has founded Gaming
Ventures PLC - a wholly owned subsidiary incorporated in the Isle of Man, in
order to further enhance, market and operate its newly-developed multiplayer
Black Jack tournaments gaming technology, enabling Internet users to
participate in multiplayer Black Jack competitions where permitted by law.

Gaming Ventures purchased the Black Jack gaming technology from Zone4Play
based on a valuation made by an independent appraiser. On August 4, 2006,
Gaming Ventures filed a registration statement with the Securities and
Exchange Commission. To complete the spin-off, Zone4Play plans to set a
record date for a dividend of the shares of Gaming Ventures to Zone4Play's
shareholders as of such record date, on a one-to-one pro rata basis.

Gaming Ventures will have two main business models: one, through its
wholly owned subsidiary, Get21 Ltd ("Get21"), to market the multiplayer Black
Jack tournaments gaming directly to consumers and the second, through it's
wholly owned subsidiary, RNG Gaming Ltd, to further develop and license the
Black Jack gaming technology to third parties based on a license fee and
revenue share basis.

Get21 is expected to launch a Black Jack tournament service to non-US
customers in mid September. Get21 will seek to outsource to a third party the
part of operation that will include payment processing, customer support and
fraud and collusion prevention, while it retains and focuses on player
acquisition.

"We believe that the Black Jack tournaments gaming technology is a
valuable asset and that the founding of Gaming Ventures is the preferred way
to pursue this business opportunity for the benefit of our shareholders",
said Shimon Citron, CEO of Zone4Play.

About Zone4Play

Zone4Play, a leading developer of interactive software and technology for
the betting and gaming industry, delivers cross-platform solutions that are
built for mass participation gaming. Zone 4 Play is a software and technology
provider to UK bookmakers, online gaming operators, betting exchanges and to
US cable, satellite and hospitality service providers, delivering online
solutions, mobile solutions, interactive TV solutions and participating
SMS-TV solutions. Zone4Play works with industry giants such as British
Telecom, Coral Eurobet, Betfair, Channel 5 (UK), cablevision and Lodgenet
.For more information visit http://www.Zone4Play.com, the content of which is
not part of this press release.

Safe Harbor

This press release contains forward-looking statements within the meaning
of the "safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995 and federal securities laws. For example, when we say that the
our board of directors plans to set a record date for a dividend of the
shares of Gaming Ventures to our shareholders, that Get21 is expected to
launch a Black Jack tournament service to non-US customers in mid September,
that the management team will enable a rapid and robust expansion of
services, that Get21 will seek to outsource to a third party part of its
operations or that we believe that the founding of Gaming Ventures will
benefit of our shareholders, we are using a forward looking statement. These
forward-looking statements are based on the current expectations of the
management of Zone4Play only, and are subject to a number of factors and
uncertainties that could cause actual results, performance or achievements of
Zone4Play, including revenues, income and expenses, to differ materially from
those described in or implied by these forward-looking statements. The
following factors, among others, could cause actual results to differ
materially from those described in the forward-looking statements: changes in
technology and market requirements; decline in demand for Zone4Play's or
Gaming Ventures' products; inability to timely develop and introduce new
technologies, products and applications; loss of market share and pressure on
pricing resulting from competition, strength and growth of the gaming
industry, gaming regulatory environment, and other factors over which
Zone4Play may have little or no control. Except as otherwise required by law,
Zone4Play undertakes no obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. For a more
detailed description of the risk and uncertainties affecting Zone4Play,
reference is made to Zone4Play's reports filed from time to time with the
Securities and Exchange Commission.

Contact:

Rinat Rond
Koteret Public Relations
Tel:+972-3-5755778 ext.112
Mobile: +972-54-4559615
rinat_r@koteret.com

Source: Zone4Play Inc.

Contact: Rinat Rond, Koteret Public Relations, Tel:+972-3-5755778 ext.112, Mobile: +972-54-4559615, rinat_r@koteret.com

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