VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Aug 7, 2008 -- Las Vegas From Home.com Entertainment Inc. (the "Company") or ("LVFH") (CDNX:LVH.V - News)(OTC BB:LVFHF.OB - News)(Berlin:LVH.BE - News)(Frankfurt:LVH.F - News) is pleased to report that as a result of the Company not proceeding with its transaction with CY Foundation Group Limited ("CYF") and Touchdown Capital Inc. as announced on May 8, 2008, the Company has sold back the Exclusivity Rights to CYF and the Company has successfully renegotiated and entered into a newly revised Software Licensing Agreement ("SLA") with CYF. Under the new SLA, the Company will provide CYF with software for the entire People's Republic of China ("PRC") and will be paid a licensing royalty by CYF.

President and CEO Jake Kalpakian states, "We look forward to providing CYF with our products and we strongly believe our new relationship with CYF is better suited to meet each partner's interests in the rapidly expanding PRC marketplace."

The Company also welcomes interested parties to visit the Company's new corporate website at www.lvfh.com.

On behalf of the Board of Las Vegas From Home.com Entertainment Inc.

Jacob H. Kalpakian, President

This release does not constitute an offer for sale of securities in the United States.

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement in this release containing words such as "believes", "plans", "expects" or "intends" and other statements that are not historical facts are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

     Contacts:
     Las Vegas From Home.com Entertainment Inc.
     Jacob H. Kalpakian
     President
     (604) 681-0204
     Website: http://www.lvfh.com