Las Vegas from Home.Com Entertainment Finalizes Sale of Action Poker Gaming

Las Vegas from Home.com Entertainment has made the announcement that it has finalized the sale of its subsidiary, Action poker Gaming. The sale secured $2,600,000 for the company, $250,000 more than the original selling price announced on October 26th.

A $75,000 finder's fee is payable to a third party. After the sale, Las Vegas from Home.com has a current cash balance amounting to an estimated $8,500,000 with no outstanding debt.

Because of the sale, Las Vegas from Home.com will no longer have any online gaming interests in markets belonging to North America, effective immediately. It will continue to be off limits to this market until the legislative climate changes.

"The sale of APG and associated properties will now allow the Company to streamline its operations and focus on building upon its promising Asian Multiplayer Software Platform ("AMSP"), which now has 2 licensees and is already generating revenues. Furthermore, the Company has been receiving a tremendous amount of interest for this particular product from prospective licensees. We believe our unique Software should enable us to capitalize on niche or nascent market opportunities in that region," Company President Jake Kalpakian said.

Las Vegas from Home.com's results for the third quarter of 2006 are set to be publicly released on Wednesday, November 29th. Due to the sale of Action Poker Gaming, Las Vegas from Home.com will not be holding a conference call to discuss this quarter's results. Discussions and updates on the matter will be held in the New Year or earlier, as developments warrant.

December 17, 2006
John Tucker