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Another High Profile Director

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    EBET LIMITED 2002-05-03 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Leading gaming and wagering technology group, eBet Limited (ASX/NZSE:
    EBT) ("eBet"), today announced that it had appointed Mr Jeff Zulman
    to its board as an independent non-executive director.

    Managing director, Keith Cullen, said that the appointment would
    further strengthen the board following the recent appointment of Mr
    Neville Wran (AC QC) to the position of chairman (subject to
    shareholder approval).

    "Jeff joins us with an excellent record of success in international
    business and investment banking. We believe that his experience in
    capital markets and corporate finance, coupled with his strong
    understanding of law, will be a real asset to us as we further expand
    the Company's operations in the US and into Asia", said Mr Cullen.

    MR JEFF ZULMAN

    Jeff Zulman is currently managing director of Coyne Holdings Pty Ltd,
    a management and investment consultancy firm; and KHATZ Capital
    Limited, a privately owned venture capital fund.

    He has a strong track record of commercial success in business
    development, general management and finance & administration. Mr
    Zulman also has extensive experience in investment banking, gained
    in New York and London with Goldman Sachs and Co; and in Australia
    with Audant Investment Pty Ltd.

    He holds a BA in law and a Dip Jurisprudence, having completed
    extensive studies at Oxford University (UK); Sydney University
    (Australia); and University of Witwatersrand (South Africa).
 
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