To All Iasbet And Betaustralia Customers

[BetAustralia]

TO ALL IASBET AND BETAUSTRALIA CUSTOMERS

The recent difficulties being experienced by the Australian NT-based bookmaker SportsBet.com.au (Consolidated Gaming Corporation) have nothing to do with IASbet Limited or any of its subsidiary companies.

IASbet is a company with an international reputation of the highest integrity. IASbet Limited is listed on the Australian Stock Exchange (ASX) with substantial cash reserves in excess of $21 million.

For confirmation, please refer to the IASbet quarterly announcement reporting its cash reserves (4C Report) made to the ASX today, 23 January 2003.

Any enquiries should be directed to our Member Services Department by
e-mail at support@iasbet.com.

ROGER SMEED
CHIEF EXECUTIVE
23 January 2003

[Blowfish]

Very classy! It's good to see a book stand up and clarify an issue they know could affect their reputation. A lot of people don't understand the regulatory environment in Australia, so this is a great way to keep people informed.