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Gambling Online with Credit Cards

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Torrey Pines Nevada Inc. (OTC BB:TPNN), in conjunction with Casinos of the South Pacific, (COSP), announced today that the COSP casino located in the Cook Islands will be taking “MONEY WAGERING” at its gaming site at http://www.ck.cosp.com beginning Friday, May 16, 1997.

COSP has completed installation of its software. In addition, COSP has signed exclusive agreements with a European Credit Card Clearing Service that allows COSP to take credit card bets over the Internet. COSP’s software incorporates several levels of security for the player against fraudulent use of credit cards.

As an additional precaution, COSP has contracted with an A+ insurance company to cover any loss suffered as a result of the unauthorized use of an individual’s credit card and to guarantee payment of prizes.

COSP’s gaming test site, http://www.cosp.com , has been receiving, without any advertising, over 80,000 hits per day for the last 12 months from interested players at its gaming test site on the “net”. Management estimates that during the last year over $3,000,000 in beta test money has been wagered monthly.

TPNN, on behalf of COSP will begin an aggressive advertising campaign both on the Internet and in print media, targeting the growing markets in Asia, Europe and Australia. These markets represent significant potential for Internet gaming in countries with the highest growth rate in Internet usage and the highest per capita number of players. The COSP casino currently offers Joker Poker, Straight Slots, 8 Way Slots, Draw Poker and Black Jack. The company continues its aggressive search for additional games and casino excitement and is under negotiations to acquire interactive software to upgrade the current gaming system.

For additional information regarding those factors or for more information, contact one of our representatives toll free at 888/752-9294 or 602/443-1286.

Torrey Pines is in the gaming and entertainment business. TPNN holds a contract with one of the world’s first Internet gaming and entertainment companies, Casinos of the South Pacific, to receive 80% of the net revenues from the Internet gaming and entertainment site at http://www.ck.cosp.com , located in the Cook Islands and managed by Casinos of the South Pacific.

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