IGCA Receives Nasdaq Letter

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 that it has received correspondence
 from the Nasdaq indicating that the Company's Common Stock
 has failed to maintain a minimum bid price of $1.00 per share over the last
 30 consecutive trading days as required for continued listing.  Nasdaq's
 correspondence also indicated that the Company will be provided 90 calendar
 days until July 18, 2001 to regain compliance.  If at any time before
 July 18, 2001, the bid price of the Company's Common Stock is at least
 $1.00 for a minimum of 10 consecutive trading, the Nasdaq staff will determine
 whether the Company is in compliance with the listing requirement relating to
 minimum bid price.
     Roland Thomas the Company's Chief Executive Officer provided the following
 comments: "We are disappointed that the Company received this communication at
 a time when the Company's business has shown continued improvement as
 evidenced by our recent earnings release for the first quarter of this year.
 The Company currently has a substantial backlog of orders which we believe is
 not reflected in our current share price.  We believe that the Company's
 present share price is not an accurate reflection of the current value of the
 Company's performance.  Through regular communication to the markets and
 shareholders, the Company is working to achieve and sustain a more accurate
 value in our share price."
 
     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: 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 that it has received correspondence
 from the Nasdaq indicating that the Company's Common Stock
 has failed to maintain a minimum bid price of $1.00 per share over the last
 30 consecutive trading days as required for continued listing.  Nasdaq's
 correspondence also indicated that the Company will be provided 90 calendar
 days until July 18, 2001 to regain compliance.  If at any time before
 July 18, 2001, the bid price of the Company's Common Stock is at least
 $1.00 for a minimum of 10 consecutive trading, the Nasdaq staff will determine
 whether the Company is in compliance with the listing requirement relating to
 minimum bid price.
     Roland Thomas the Company's Chief Executive Officer provided the following
 comments: "We are disappointed that the Company received this communication at
 a time when the Company's business has shown continued improvement as
 evidenced by our recent earnings release for the first quarter of this year.
 The Company currently has a substantial backlog of orders which we believe is
 not reflected in our current share price.  We believe that the Company's
 present share price is not an accurate reflection of the current value of the
 Company's performance.  Through regular communication to the markets and
 shareholders, the Company is working to achieve and sustain a more accurate
 value in our share price."
 
     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: 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/11690X60786522
 
 SOURCE  Innovative Gaming Corporation of America