Competitive Games International Develops Games Application for Social Media Network Bebo

PANAMA CITY, PANAMA -- (MARKET WIRE) -- 06/03/08 -- Competitive Games International, Inc (PINKSHEETS: CGMI), an innovative and interactive media company, today announced that the Company is continuing its foray into the prolific social networking arena and has developed its own games application for networking giant, Bebo (www.bebo.com).

The Competitive Games Bebo application -- MoneyWord -- has been beta tested, developed, and is now available to all Bebo members. The new application will provide all Bebo users direct access to the games and tournaments offered by Competitive Games. In addition, each Bebo member will be able to upload the Competitive Games application directly into their own profile for immediate access.

Bebo, much like Facebook, is a significant social media network which combines community, self-expression and entertainment to enable its users to interact, communicate, and share content. Bebo is one of the leading social networks in the US, the UK, Ireland, and New Zealand. Bebo's registered user base is believed to be in excess of 40 million users.

In March, AOL entered into an agreement to acquire Bebo. Together with other facets of AOL's operations, the acquisition immediately establishes AOL as a significant player in the fast growing world of social media.

Julio Collado, chief executive officer of Competitive Games International, stated, "In much the same way that the Company's Facebook application is creating exposure by attracting new users, we expect the Bebo application to be equally successful. By creating a presence within the Bebo community, Competitive Games hopes to provide quality gaming options for millions of Bebo users, gain increased brand recognition, and attract more users to its own burgeoning membership base. Tapping into the social networking phenomenon provides a great opportunity for brand development, name recognition and most importantly the potential exposure to attract millions of potential players for our skill games network."

About Competitive Games:

Competitive Games International, Inc is an innovative and interactive media company that has been successfully developing all aspects of a newly evolving and dynamic business model within the Skill Games and Social Networking industries. For more information about the company please visit www.competitivegames.com, or www.cgmi-competitivegames.com, and http://www.equityperformancegroup.com/clients_cgmi.php.

Forward-Looking Statements

This press release contains certain statements which are not historical or current fact and constitute forward-looking statements within the meaning of such term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms may, will, potential, opportunity, belies, belier, expects, intends, estimates, anticipates or plans to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings. Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

For More Information Contact:

Investor Contact: Gary Geraci Equity Performance Group 617-242-1025 gary@equityperfgp.com www.equityperformancegroup.com

Corporate Offices: World Trade Center, 1 - Commercial Area 53 Marbella Street Panama, Republic of Panama www.cgmi-competitivegames.com

2008-06-03 09:09:51 0375922 MARKETWIRE