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Toronto, Canada - (Cheap Web Hosting Directory) - July 28, 2006 - SkillJam EU Limited, a wholly owned subsidiary of online casual gaming provider, FUN Technologies Inc. (”FUN”), has signed a two-year, exclusive agreement to create a private-label skill-gaming platform for LYCOS Europe.

Under the terms of the pan-European casual-gaming agreement, SkillJam will develop, operate and support the pay-for-play gaming sites for eight LYCOS Europe portals: UK, Germany, France, Spain, Italy, Holland, Sweden, and Denmark. Stock-listed LYCOS Europe is one of the leading European portal providers and reaches around 30 million unique users within its network every month.

The global media group Bertelsmann AG holds 20 percent of the LYCOS Europe shares. SkillJam is a multi-channel provider of skill-gaming technology and solutions. It develops and distributes private-label gaming solutions for a broad network of partner destination sites in the U.S. and abroad, including AOL, MSN’s Zone.com and Virgin Games.

Lorne Abony, CEO of FUN Technologies commented, ”This represents an important stride forward as we continue investing in our European growth strategy, and gives our Games division the opportunity to substantially bolster its growing member base. We have built a fantastic relationship with LYCOS Inc., and are delighted to now be partnering with LYCOS Europe as well.” Michael Rohowski, Chief Sales Officer for LYCOS Europe added, ”LYCOS Europe is focused on providing a range of content and services to meet all our users’ online needs and casual gaming is a core element of our offer to our community. We will continue to seek long-term relationships with best-of-breed partners to deliver content across a wide range of arenas and we felt that SkillJam would give users the most compelling proposition in this market. Our partnership with SkillJam opens up a good growth opportunity for our European network.”

FUN Technologies Inc. is an online casual gaming providers. FUN’s strategy is to provide its cutting-edge gaming systems to top distribution partners around the world. FUN is 51% owned by Liberty Media Corporation, and FUN’s common shares are listed on both the Toronto Stock Exchange and the Alternative Investment Market (AIM) of the London Stock Exchange under the symbol ”FUN.”

FUN Technologies’ FUN Games division, comprised of its wholly owned subsidiaries SkillJam, WorldWinner and Octopi, develops and distributes casual games solutions with a focus on free play and cash competitions across online, mobile and iTV platforms. Its broad network of partner sites includes global brands such as AOL Games, EA-Pogo, GSN, Lycos, MSN Games, Real Networks and Virgin Games. With more than 27 million registered players internationally, FUN Games hosts ten million tournaments and awards millions of dollars in prizes every month.

Lycos, Inc. is a wholly owned subsidiary of Daum Communications Corp., an Internet portal and e-commerce destination in Korea with a growing presence throughout the Asian markets. Lycos, Inc. creates and operates search, community and technology lifestyle sites including Lycos.com, Hotbot.com, Wired.com, Tripod.com and Angelfire.com. Other Lycos products and sites include Lycos Mail, Lycos Games, Lycos Planet, Lycos Phone and GetRelevant. Lycos was acquired by Korean Daum Communications Corp. in October 2004 and has its U.S. headquarters in Waltham, Massachusetts. Daum Communications Corp. is traded on the KOSDAQ: 035720.

To learn more about LYCOS’ corporate homepage, please visit: www.lycos-europe.com.

For more information about Lycos, please visit: www.lycos.com.

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