VANCOUVER, British Columbia, May 17, 2006 (PRIMEZONE) -- MangaPets, Inc. (OTCBB:MPTS) (the "Company") is pleased to announce the signing today of an agreement to purchase an internet gaming company which confirms has annual waging in excess of one hundred million (US$100,000,000). The closing of the acquisition is subject to the completion of due diligence and a confidentiality agreement.
Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development, market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions and the ability to secure additional sources of financing. When used in this press release, words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward looking statements. Although MangaPets believes that the expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. MangaPets encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-KSB, Form 10-QSB and Form 8-K. MangaPet's public filings may be viewed at www.sec.gov.