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Friday, 06/01/2007 9:58:26 AM

Friday, June 01, 2007 9:58:26 AM

Post# of 7609
SGMG - Spectre Gaming Signs Definitive Agreement With Chase Berkshire for the Lease/Purchase of 180 AWP Devices
Jun 1, 2007 9:55:00 AM
MINNEAPOLIS, June 1 /PRNewswire-FirstCall/ -- Spectre Gaming, Inc. (OTC Bulletin Board: SGMG) announced today that it has entered into a capital lease transaction with Chase Berkshire Holdings LLC for the lease/purchase of 180 of the Company's AWP devices for use in Alabama. The agreement is valued at $1.26 million.

D. Bradly Olah, CEO of Spectre stated, "We are pleased to have executed this agreement. Proceeds from the transaction will be applied to outstanding debt to PDS Gaming Corporation, the Company's largest lender. PDS has loaned the Company in excess of $5,000,000 for the purchase of equipment and licenses, and continues to be a supportive partner. With the lease/sale of this equipment, Spectre can transition at a faster pace to its new Titan platform as well as reduce debt."

About Spectre Gaming

Spectre Gaming, Inc. is a provider of proprietary interactive electronic games to the amusement-with-prize (AWP) and charitable gaming markets. The Company designs and develops networks, software and content that provide its customers with a comprehensive gaming system. Learn more at http://www.spectregaming.com .

Risk Factors and Forward-Looking Statements

This news release contains various "forward-looking statements" which are not historical in nature, including but not limited to statements using the terms "may," "expect to," "believe," "should," "anticipate," and other language using a future aspect. Such statements should be viewed as uncertain and should not be relied upon. Although our management believes that the results reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the expectations expressed in such forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include those set forth in the Company's annual report on Form 10-KSB for the year ended December 31, 2006 and in other filings made, from time to time, by the Company with the Securities and Exchange Commission, including the Company's quarterly report filed on May 30, 2007. The forward-looking statements contained herein speak only as of the date when made and the Company does not undertake to update such statements.

SOURCE Spectre Gaming, Inc.



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D. Bradly Olah
CEO of Spectre Gaming
+1-612-281-5000


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