A six-month project started last month in a state-of-the-art assembly facility in Bogotá. Spanish firm Codere is using proprietary upgrade kits form Cyberview Technology to provide a total renovation of its mechanical reel cabinets into modern touch-screen video terminals with server-based downloadable gaming capability. Madrid-based Codere presently operates around 12,000 stand-alone machines across Colombia.

The conversion will provide the company with centralized management and distribution of new gaming content along with the ability to offer the first-ever nationwide multi-level progressive jackpot in the country. Fernando Ors, Chief Development Officer of Codere commented:

"This agreement highlights Codere's commitment to innovation. Our focus on the operation area allows us to select the best technology developments in the game market. Working with Cyberview Technology is one of our keys to our future, presenting us with a competitive advantage and optimizing the quality of our service."

Additional advanced technology available to Codere under this project includes the newly issued Cyberview Game Development Toolkit (GDK) which presents an entirely new concept in game development. This toolkit will enable Codere to develop and implement games themselves for integration and operation on the server-based system. With GDK, Codere will be able to obtain game content from any source they choose cost effectively, enabling a greater number of game choices to offer their players.

With more than ten years experience in server-based distributed gaming, the Cyberview Technology group of companies develops, produces and implements innovative, integrated solutions for the gaming, betting and leisure industries. The recipient of numerous industry awards, it was the first company in the world with technical GLI approval for its downloadable server-based system in the U.S. Class III gaming market. The company commenced trading on the London Stock Exchange AIM in 2005.

Codere is a Spanish company dedicated to the private gaming sector in Europe and Latin America. With more than 25 years experience, it operates over 43,000 slot machines, 104 bingo halls, 45 sports betting outlets, 2 racetracks and 6 casinos in Spain, Italy, Argentina, Mexico, Colombia, Panama, Peru, Uruguay and Brazil. (E-10.12.06)

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