IAG Engages KPMG for Tax Advisory & Services

Toronto, Ontario – Marketwire – May 10, 2012

InterAmerican Gaming Inc. (OTC:IAGM) (“IAG” or “the Company”), a company developing “SoFit” – a new social gaming platform that empowers individuals to improve their health and fitness, is pleased to announce it has engaged KPMG LLP to provide tax compliance and advisory services. KPMG is a global leader in providing audit, tax, and advisory professional services to both public and private companies.

Mr. Marc Askenasi, President & CEO of IAG, stated, “We are pleased to be working with such a highly regarded and resourceful professional services firm. KPMG’s advice and services will allow us to adapt and respond to a constantly changing tax environment. The KPMG team not only brings extensive experience in corporate tax compliance, advisory and planning, but also emerging technology and digital media industry knowledge. IAG Management will work closely with KPMG’s Tax Incentives practice to ensure all opportunities are maximized in an efficient manner and all compliance requirements are met.”

About IAG and SoFit

IAG is a digital technology company that develops socially disruptive technologies. IAG builds industry defining businesses through a combination of organic growth and acquisitions. IAG’s first product (SoFit) is focused on the mobile health and fitness industry. 

SoFit is a new social gaming platform that empowers individuals to improve their health and fitness. SoFit products include integrated mobile applications and complementary wireless devices that fuse the on and offline worlds. Products are currently in development and are expected to launch in the summer of 2012.

Signup for the SoFit invite list at sofitmobile.com to be the first to know about release dates, product details, and special promotions.

For more information and to stay engaged with SoFit ‘follow’ us on Twitter @sofitmobile and ‘like’ us on Facebook @facebook.com/sofitmobile.

Forward-looking Statements

Note: This press release contains “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management’s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. InterAmerican Gaming Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management’s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company’s ability to retain key management and employees; intense competition and the company’s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in InterAmerican Gaming Inc. SEC filings. InterAmerican Gaming Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with InterAmerican Gaming Inc.’s business, please refer to the risks and uncertainties detailed from time to time in InterAmerican Gaming Inc.’s SEC filings.

This release does not constitute an offer for sale of securities.

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