UBA Technology Inc. Announces Kiosk-Based P2P Betting Exchange Platform for Land-Based Casinos

Monday, December 12th, 2005

VANCOUVER, British Columbia -- UBA Technology Inc. (Pink Sheets: UBTA) is targeting land-based casinos as a new market for its proprietary betting exchange software.

UBA has commenced negotiations to install its betting exchange software, in stand-alone self operating kiosks, at traditional land-based casino locations.

In November 2002, the Las Vegas Sun reported that gaming regulators in Nevada had approved a sports- and race-betting kiosk concept, which operates similarly to an automatic teller machine. The kiosk will provide larger casinos an opportunity to increase their sports-betting volume by strategically placing the kiosks in well-travelled casino areas. These betting systems have the potential to include wireless devices, allowing casino gamblers to place bets poolside, or from their hotel rooms.

With high-speed broadband and wireless services now available on a global basis, UBA is well positioned to market its betting exchange platform to qualified online operators. This software would give online operators the ability to generate additional income streams from their current casino and poker clientele.

Juniper Research estimates that mobile gambling will be a US$16.6 billion business by 2008. Geographical and cultural forces are also at work on these projections, particularly in the Asia-Pacific regions (driven largely by China). The popularity of gambling, coupled with the rapid growth in mobile phone penetration in the next five years, should assist UBA in its plans to leverage its internet-based betting exchange client base.

The timing for UBA Technology's entry into the market place is excellent as the global gaming market continues to expand not only for online poker companies (Party Poker -- Party Gaming -- PRTY.L) and traditional bricks and mortar casinos (Wynn Resorts -- WYNN), but also for online gaming software providers (Cryptologic Inc. -- CRYP.Q).

Contact:

UBA Technology Inc.
Robert Danard, 206-333-0039
info@ubatechnology.com
http://www.ubatechnology.com