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Fortuna Gaming Names Glen Saito President of Fortuna Gaming (UK) Ltd

Fortuna Gaming Corp. today announced that it has named Glen Saito as President of its wholly owned subsidiary, Fortuna Gaming (UK) Limited.

Mr. Saito brings extensive online experience to Fortuna Gaming, having served as Assistant Manager of Paradise Poker, an online poker site which was acquired by Sportingbet, an internet betting company for $297.5 million in October, 2004.

Mr. Saito led Paradise Poker from its inception as a start-up entity to a company generating annual profits of over $80 million US. In addition, Mr. Saito also developed and implemented the Company's Internet security protocol and gaming software and was responsible for customer service, security training and management in Costa Rica.

Before joining Paradise Poker, Mr. Saito was a Business Development Manager for TD Waterhouse, the world's largest on-line retail brokerage firm. During his twelve years with TD Waterhouse in Canada he managed over ninety brokers and was the top sales person in Canada in 1999.

Douglas Waugh, President of Fortuna Gaming said, "Mr. Saito's innovative business leadership and proven ability to achieve growth through creative strategies will help Fortuna capitalize on the significant opportunity of the online and mobile gaming industry."

"I'm honored to be named President of Fortuna Gaming UK at a time when the company is poised for major expansion and development," said Glen Saito. "I am very excited about Fortuna's ability to establish a leading position in the online and mobile poker industry, generate growing revenues and enhance shareholder value."