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Global Lottery Corporation's Board of Directors Announces it Will File Its 15C211 Declaration as Well as Become Fully Reporting.

NEWS RELEASE

LAS VEGAS, Oct. 5 /PRNewswire-FirstCall/ -- Global Lottery Corporation (Pink Sheets: GTTC - News) announces the Board of Directors has decided that the time has come to become a fully reporting Company to allow full disclosure to our current and future shareholders. Global Lottery Corporation with its announced $40 million debt cum equity financing, announced September 24th and its 40% dividend announced September 30th of this year make fully reporting status mandatory.

About Global Lottery Corporation

Global Lottery Corporation manufactures a complete line of Lottery Terminals for sale or Joint Venture with Licensed Operators or Governments. Jim Walters, President of Global Lottery Corporation and former President of International Lottery and Totalizater Systems, is one of the foremost pioneers in the Lottery and Pari-mutuel Industries who designed and engineered our new age systems. An earlier version has been in operation in 21 countries such as Australia, New Zealand, Singapore and France for over 20 years under various brand names. One of Mr. Walters first major customers was The Hong Kong Jockey Club who purchased over $90 million worth of terminals that are still in use today.

DISCLAIMER: Certain information included herein is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the company's anticipated operating results and financial resources. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other company reports, filings, statements and presentations. If one or more of the assumptions underlying our forward-looking statements proves incorrect, then the Company's actual results, performance or achievements could differ materially from those expressed in, or implied by the forward-looking statements contained in this report. Therefore, we caution you not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This statement is provided as permitted by the Private Securities Litigation Reform Act of 1995.

PR Contact:
Wakabayashi Fund LLC
Mr. Jeff Stone
(Tele 1.914.613.3002)

North American Correspondent:
World Stock Exchange LLC
Mr. Bret Reiss
(Tele 1.480.505.0525)