IGCA Announces Preliminary 1st Quarter of 2001 Results

Highlights Include Increased Sales and Continuation of Positive Earnings

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Apr 25, 2001, 01:00 ET from Innovative Gaming Corporation of America

    LAS VEGAS, April 25 /PRNewswire/ -- Innovative Gaming Corporation of
 America (Nasdaq:   IGCA) today announced the preliminary results for the first
 quarter of 2001, ending March 31st.  The Company's sales increased by 55.69%
 to $2,161,000 for the first quarter of 2001, in comparison to $1,388,000 for
 the first quarter of 2000.  Income from operations increased to $270,000, from
 a loss from operations of $920,000 in the first quarter of 2000.  These
 results do not include non-cash items such as accretions for preferred stock
 issued in the first quarter 2001.
     Roland Thomas the Company's Chief Executive Officer, commented: "I am very
 excited to announce the positive results for the first quarter of 2001 as they
 prove the continuing demand for IGCA's present products.  The Company
 continues to see strong demand across all its product lines.  The first
 quarter of 2001 is our third consecutive quarter of operational profitability
 and substantial sales growth over comparable periods.  Management has
 implemented cost reductions and operating efficiencies over the past three
 quarters and is continuing to provide the reductions in cost that are
 necessary to provide for profitability.  The Company expects to continue to
 show positive trends in the second quarter of 2001 and has amassed a
 substantial backlog of orders.  In summary, the Company is well positioned for
 continued growth in the gaming machine market place.  The aggressive goals set
 and accomplished by our team has created momentum in all areas of the
 Company."
 
     Innovative Gaming Corporation of America, through its wholly-owned
 operating subsidiary, Innovative Gaming, Inc., develops, manufactures and
 distributes fast playing, high-entertainment gaming machines.  The Company
 distributes its products both directly to the gaming market and through
 licensed distributors.
 
     Safe Harbor Statement under the Private Securities Litigation Reform Act
 of 1995: Statements regarding estimated results are preliminary and based on
 partial information and management assumptions.  The Company plans to announce
 its complete first quarter results on May 14, 2001.  The information in this
 release including information regarding expected revenues, net income and net
 income per share is forward looking and preliminary.  Actual results for the
 quarter may differ depending upon a number of factors including, but not
 limited to accounting adjustments.  Except for historical information, the
 forward looking matters discussed in this news release are subject to certain
 risks and uncertainties including, but not limited to, the Company's liquidity
 and ability to obtain additional financing, the timing of regulatory
 approvals, as well as other risks indicated from time to time in the Company's
 filings with the Securities and Exchange Commission, such as the Company's
 Form 10K for the fiscal year ended December 31, 2000.  The Company assumes no
 obligation to update or supplement forward-looking statements that become
 untrue because of subsequent events.
 
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SOURCE Innovative Gaming Corporation of America
    LAS VEGAS, April 25 /PRNewswire/ -- Innovative Gaming Corporation of
 America (Nasdaq:   IGCA) today announced the preliminary results for the first
 quarter of 2001, ending March 31st.  The Company's sales increased by 55.69%
 to $2,161,000 for the first quarter of 2001, in comparison to $1,388,000 for
 the first quarter of 2000.  Income from operations increased to $270,000, from
 a loss from operations of $920,000 in the first quarter of 2000.  These
 results do not include non-cash items such as accretions for preferred stock
 issued in the first quarter 2001.
     Roland Thomas the Company's Chief Executive Officer, commented: "I am very
 excited to announce the positive results for the first quarter of 2001 as they
 prove the continuing demand for IGCA's present products.  The Company
 continues to see strong demand across all its product lines.  The first
 quarter of 2001 is our third consecutive quarter of operational profitability
 and substantial sales growth over comparable periods.  Management has
 implemented cost reductions and operating efficiencies over the past three
 quarters and is continuing to provide the reductions in cost that are
 necessary to provide for profitability.  The Company expects to continue to
 show positive trends in the second quarter of 2001 and has amassed a
 substantial backlog of orders.  In summary, the Company is well positioned for
 continued growth in the gaming machine market place.  The aggressive goals set
 and accomplished by our team has created momentum in all areas of the
 Company."
 
     Innovative Gaming Corporation of America, through its wholly-owned
 operating subsidiary, Innovative Gaming, Inc., develops, manufactures and
 distributes fast playing, high-entertainment gaming machines.  The Company
 distributes its products both directly to the gaming market and through
 licensed distributors.
 
     Safe Harbor Statement under the Private Securities Litigation Reform Act
 of 1995: Statements regarding estimated results are preliminary and based on
 partial information and management assumptions.  The Company plans to announce
 its complete first quarter results on May 14, 2001.  The information in this
 release including information regarding expected revenues, net income and net
 income per share is forward looking and preliminary.  Actual results for the
 quarter may differ depending upon a number of factors including, but not
 limited to accounting adjustments.  Except for historical information, the
 forward looking matters discussed in this news release are subject to certain
 risks and uncertainties including, but not limited to, the Company's liquidity
 and ability to obtain additional financing, the timing of regulatory
 approvals, as well as other risks indicated from time to time in the Company's
 filings with the Securities and Exchange Commission, such as the Company's
 Form 10K for the fiscal year ended December 31, 2000.  The Company assumes no
 obligation to update or supplement forward-looking statements that become
 untrue because of subsequent events.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X65187646
 
 SOURCE  Innovative Gaming Corporation of America