MGN Technologies, Inc. Reaches Internet Marketing Goals for the First Quarter of 2006

April 14, 2006; 03:27 AM
MGN Technologies, Inc. (OTC BB: MGNLF), doing business as Mobile Gaming Now (the "Company"), has announced its search engine marketing program has reached key milestones in its first 90 days of operation.

Mobile Gaming Now began its search engine marketing program in January of 2006. The Company expected to generate nearly 540,000 page hits in March and reached 557,292. The Internet marketing has generated nearly a million page hits since its launch. The hits have generated 17,062 unique visitors in March, an increase of nearly 210% from the previous month. The Company reports nearly 26,000 unique visitors have been to its sites in the first quarter. The Company also reports it has registered 1,099 new players in the first quarter. It registered 500 new players January and February and nearly 600 new players in March.

"We set a clear goal to be generating new registrations from visitors to the site and gain control over the process," said Mark Jensen, CEO of MGN Technologies. Jensen said the marketing is producing a marketing response rate of 2.6% to its marketing. "This early in the game, a 2.6% response rate is terrific. We're converting 4.2% of visitors to registered players. Internet marketing is something that grows over time and it's difficult to get started. We're very pleased with our early marketing results," said Mark Jensen, CEO of MGN Technologies.

Mobile Gaming Now launched its play-for-free site at www.mgnpoker.net in January of 2006. The Company launched two new gaming sites in February and March. It operates its play-for-prizes site at www.mgnpoker.biz. The company derives revenue from game purchases, club membership and product sales. The Company's gambling site is located at www.mgnpoker.com. The Company receives a commission on each hand dealt called a rake. The Company only accepts bets from residents outside of the United States.

Jensen said its next goal is to start converting the traffic into paying members. "With the early success of the Internet marketing, the focus of the second quarter is on building revenue streams in our gaming sites."

Jensen said the Company anticipates converting 5% of registered players to paying players at either the play-for-prizes site or the play-for-money site. Each new paying player represents a lifetime value of $600 in revenue. "Twenty-five paying players represent approximately $15,000 in immediate revenue potential to the Company," Jensen said.

Mobile Gaming Now hired the search engine marketing services of Southgate SEO from Scottsdale, Arizona. Southgate SEO is the sister company of Searchtoppers.com LLC, an Arizona-based search engine optimization company. Searchtoppers has had tremendous success in a variety of industries with its search engine marketing services.

Mobile Gaming Now offers a variety of casino games for the PC and mobile phones. It's featured game is multi-player Texas Holdem'. The Company is the first to offer simultaneous play between a PC and mobile device in a multi-player environment for money or prizes. Its website is located at www.mobilegamingnow.com. The Company has announced it has three operating sites covering various styles of play including Play-For-Free, Play-for-Prizes and Play-for-Money. The Company doesn't accept bets from residents of the United States.

About Mobile Gaming Now

Mobile Gaming Now is a gaming software developer and marketer focusing on the casino gaming market. With offices in Kirkland, Washington and Vancouver, British Columbia the Company operates its own gaming sites as well as licenses its gaming platform to strategic partners. Players can play for free, play for prizes, or play for money. The Company developed the first multiplayer Texas Holdem' game for free or money with integrated PC and mobile game play.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations and/or claims.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that current or future licensees of the Company's products are restricted by laws or regulations concerning gaming or related activities; (ii) the inability of the Company to license its products to licensees as a result of disputes over terms; (iii) the inability of the Company to keep pace with technological advancements in the mobile entertainment industry; (iv) the Company's software not operating as expected; (v) the Company suffering technological problems that the Company cannot economically repair; (vi) the Company not being able to retain key employees; (vii) competitors providing better or cheaper products; (viii) markets for the Company's products not developing as expected; (ix) the Company's inability to finance its operations or growth. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligations to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to risk factors disclosed in the Company's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.

For more information, please contact MGN Technologies, Inc. at 604-602-9596 or toll free at 1-888-602-9596 to discuss the information contained in this news release.