VIP Entertainment Technologies Inc. announced the acquisition of Bet Rewards Ltd. (Bet Rewards). Coupled with its latest acquisition of Bet Rewards and pursuant to its new aggressive growth initiatives VIP announced that Randy Jennings has been appointed as the new Chief Executive Officer (CEO). Randy Jennings is the founder of VIP and has extensive knowledge of the gaming and gambling industry.

Randy is a former professional poker player and has been involved in both the ownership and operations of both on-line, as well as physical gambling locations. As VIP moves forward to expand its operations into the regulated gambling industry the Board of Directors felt that Randys experience will be invaluable. Bob Lunde, will remain with the Company as a Board member and the Company is very grateful for the effort and time that Bob spent as the interim CEO.

Bob will continue to assist the Company in the capital markets.