FUTUREBET RESPONDS TO COMPLAINT

At no time was the individual a licensee of FutureBet. He was as a licensee of Global Interactive. While many in the industry feel that GI was merely the predecessor to Future Bet, the truth is that the two companies only shared a common minority shareholder. In bringing Future Bet into the equation, the licensee was just trying to gain more leverage to receive payment.   

- In speaking with the previous managers of Global Interactive, they entered into a settlement agreement with the licensee last year. The agreement provided for several monthly payments to be made to the licensee. In the event a payment was late, the sole penalty would be a 10% additional fee. However, the agreement specifically stated that the licensee would avoid any negative comments whatsoever in the event of a late payment (again, the monetary penalty being the sole penalty). GI was apparently late on making a payment, at which point the licensee began his postings. GI reps. state that they've contacts the licensee on multiple occasions stating that payment would be made as soon as the negative postings ceased.