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Angela Ho in contempt of US Federal Court

LAS VEGAS — The United States Federal Court for the Southern District of Nevada, Las Vegas on October 3rd, 2006 entered an order for Silver Arrow Limited & Profit Networks to supplement their disclosures and produce all documents responsive to HGN's previously served requests for the production of documents by or on October 23, 2006. Also, Silver Arrow Limited & Profit Networks were to have identified their persons most knowledgeable and to make those witnesses available for depositions along with Angela Ho and Peter Kjaer.

Angela Ho and family, Peter Kjaer have refused to do as ordered by the court; therefore a filing has been made by the Legal Counsel for HGN / Mel Molnick on October 31, 2006 for contempt of a Federal Court order and for sanctions to be imposed up to and including warrants for their arrests.

Quote from the vallyblogs.com: "If Wynn decides to bring Melco into the Vegas picture, he'll need all the 'juice' he can muster. After all, until very recently Melco was chaired by one Stanley Ho. Probes of the Stanley Ho-Angela Ho-MGM Mirage business relationship, by New Jersey and Nevada regulators, are well into their third year. Here's hoping that Wynn is a patient man."

Angela Ho is the daughter of Stanley Ho, the Gambling King of Macau.

Molnick's issued patents in:

European Patent No: 0 956 118

United States of America Patent # 5,800,268

Australian Patent #'s 755152 & 757705

The Patent

The Patent pertains to a business method for remote wagering on live games and events utilizing electronic transactions. The patent was first published in Europe in November 1999 and provides its assignee with full provisional patent protection.

Specifically, via remote wagering, consumers can place bets from anywhere in the world without having to go to an actual wagering entity such as a casino, race track, sports book, or off-track betting parlor. Location-free wagering such as this is delivered to consumers via the Internet, satellite and cable television, and wireless technologies. Live games and events include casino-style games, pari-mutuel wagering, lotteries, sports betting, bingo, keno, and more. Electronic financial transactions are executed by credit card, debit card, smart card, as well as e-cash and any other electronic funds transfer.

Contact:

Mel Molnick
CEO & President
Home Gambling Network, Inc.
Ph. 1-805-693-8198
Fax 1-805-693-8068
E-mail: Email Contact

Source: Home Gambling Network, Inc.