TNG

TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company"), the global
leader in developing and delivering platform-defining social video game
experiences to consumers around the world, today reported its first quarter
fiscal year 2014 results. The Company's unaudited interim consolidated financial
statements for the three months ended August 31, 2013 and Management's
Discussion and Analysis have been filed and are available on SEDAR at
www.sedar.com. 


Highlights

TransGaming's first quarter of fiscal 2014 continued the strong trend of quarter
over quarter increases in revenue, and the following highlights should be noted:




--  Overall, revenue was up 14% over the same quarter last year, at $1.8
    million 
    
--  Although historically Q1 is the Company's weakest quarter, FY14 Q1 was
    almost operating break-even with an adjusted EBITDA loss of only $34,000
    
--  The $1.0 million licensing agreement with a cloud services provider
    announced in April 2013 was substantially completed in the quarter and
    delivered subsequent to quarter end 
    
--  Subsequent to quarter end the Company launched with Philips the world's
    first video ad-supported games service on Smart TV 



Commenting on the results, Vikas Gupta, CEO & President of TransGaming stated: 

"We are off to a strong start for fiscal 2014 with a record Q1 that was almost
break-even. These quarterly results demonstrate our continued diligence on
achieving self-sustainability and we are working hard to grow revenues while
maintaining our expenses. This momentum sets the pace for the fiscal year with
many exciting and material developments underway. 


The launch of GameTree TV on Philips represents the first of many new
deployments to come. Each deployment adds a multi-million audience and allows us
to build a scaleable revenue model. The completion of another major licensing
arrangement, that delivered high-margin revenues, also underscores the
increasing importance of our core translation technology across a range of
platforms. Overall, I am very pleased with Q1 and believe it represents the
growing trajectory TransGaming is on."


Conference Call Details 

TransGaming will host an analyst and investor conference call at 10:00 a.m. ET
on Wednesday October 30, 2013 to review the first quarter fiscal 2014 results.
The telephone number for the conference call is +1 (416) 340-2218. The call will
be recorded and a digital replay will be available on the Company's Investor
Relations portion of its website at: http://transgaming.com/investor-relations. 


About TransGaming Inc.

TransGaming Inc. (TSX VENTURE:TNG) is the global leader in developing and
delivering platform-defining social video game experiences to consumers around
the world. From engineering essential technologies for the world's leading
companies, to engaging audiences with truly immersive interactive experiences,
TransGaming fuels disruptive innovation across the entire spectrum of consumer
technology. TransGaming's core businesses span the digital distribution of games
for Smart TVs, next-generation set-top boxes, and the connected living room, as
well as technology licensing for cross-platform game enablement, software 3D
graphics rendering, and parallel computing. Visit us at http://transgaming.com. 


FORWARD-LOOKING STATEMENTS

Certain statements in this document may constitute "forward-looking" statements,
which involve known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or industry results, to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. When used in this
document, such statements use words like "may", "will", "expect", "continue",
"believe", "plan", "intend", "would", "could", "should", "anticipate" and other
similar terminology. These statements reflect current assumptions and
expectations regarding future events and operating performance and speak only as
of the date of this document. Forward-looking statements involve significant
risks and uncertainties, should not be read as guarantees of future performance
or results, and will not necessarily be accurate indications of whether or not
such results will be achieved. A number of factors could cause actual results to
vary significantly from the results discussed in the forward-looking statements,
including, but not limited to, the factors discussed under the "Risk Factors"
section of the Company's the most recently filed Annual Information Form which
is available on SEDAR at www.sedar.com.


Although the forward-looking statements contained in this document are based
upon what we believe are reasonable assumptions, we cannot assure investors that
our actual results will be consistent with these forward-looking statements. We
assume no obligation to update or revise these forward-looking statements to
reflect new events or circumstances, except as required by securities law.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TransGaming Inc.
Dennis Ensing
Chief Financial Officer
+1 416 979-9900 x321
dennis@transgaming.com
www.transgaming.com

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