Pachinko World Deregisters Common Stock

HUNTINGTON BEACH, California – (PRESS RELEASE) - Pachinko World, Inc. (OTC Bulletin Board: PCHW), an owner and operator of stores in Japan offering pachinko gaming entertainment, announced today that it intends to file a Form 15 with the Securities and Exchange Commission (SEC) on or about December 22, 2006 to voluntarily deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Pachinko World is eligible to deregister and suspend its reporting obligations by filing a Form 15 because it has fewer than 300 common stock shareholders of record. As a result of deregistering its common stock with the SEC and suspending its reporting obligations, the Company's common stock will no longer be eligible for trading on the Over-the-Counter Bulletin Board (the "OTCBB").

Pachinko World's Board of Directors believes that deregistering and suspending its reporting obligations will result in accounting, legal and administrative expense reductions for Pachinko World and enable Pachinko World management to focus more time and resources on Company operations and enhancing shareholder value. The Pachinko World Board of Directors determined to deregister Pachinko World's common stock and suspend its reporting obligations after carefully considering the advantages and disadvantages of continued registration. These considerations include a significant increase in cost and administrative burden associated with public status in light of the Sarbanes-Oxley Act of 2002 and the adoption of new rules by the SEC. Other factors considered as part of this decision were: (i) Pachinko World's common stock is very thinly traded and (ii) Pachinko World receives no capital raising benefit from its being a reporting company. The Pachinko World Board of Directors determined that rising compliance costs, together with the substantial demands of SEC filing requirements on management time and resources, outweigh the benefits Pachinko World receives from maintaining its status as a registered company.

Upon filing the Form 15, Pachinko World's obligation to file certain reports with the SEC, including Forms 10-KSB, 10-QSB and 8-K, will immediately be suspended, and accordingly, Pachinko World does not intend to file its Form 10-KSB for the year ended May 31, 2007 with the SEC.

Pachinko World expects that the deregistration of its common stock will become effective 90 days after the date of filing the Form 15 with the SEC.