BETB Betbrokers

RNS Number:3822D
Betbrokers PLC
05 September 2007



Press Release                                        5 September 2007


                                 Betbrokers plc

                        ("Betbrokers" or "the Company")

                                 Re acquisition



On 28 August 2007, Betbrokers plc, (AIM: BETB), the UK's first retail and
wholesale brokerage and clearing house for the sports betting industry,
announced that the expected completion date for the acquisition of the assets
and business operations of Winning Edge was anticipated to be on Wednesday, 5
September 2007.  Betbrokers is still in final negotiations with the vendor,
therefore the transaction has not been completed by the original date.  The
Company will make a further announcement in due course.



                                    - Ends -



For further information, please contact:
Betbrokers plc
Wayne Lochner, Chairman and Chief Executive              Tel: +44 (0) 8448552100
wlochner@betbrokers.com                                   www.betbrokers.com


Hanson Westhouse Limited
Tim Metcalfe / Matthew Johnson                          Tel: +44(0) 20 7601 6100
tim.metcalfe@hansonwesthouse.com                         www.hansonwesthouse.com



Media enquiries:
Abchurch Communications
Chris Lane / Franziska Bohnke                          Tel: +44 (0) 20 7398 7716
franziska.boehnke@abchurch-group.com                      www.abchurch-group.com



About Betbrokers plc



Betbrokers is the UK's first independent betting brokerage.  The Company
facilitates transactional business between both retail gamblers and wholesale
clients.  The Company's operations were formally launched in 2005.



Betbrokers provides services, from its dedicated dealing room in London's Canary
Wharf, to two groups of participants within the gambling industry:



  * The Company provides its retail customers with the advantage of best price
    execution together with the ability to deal 'in size' in a majority of
    sporting events.  Retail customers will soon be able to access advanced
    data-sales and trading analysis platforms, which feed from aggregated
    internal price mechanisms.
  * Betbrokers already has agreements with over 100 bookmakers, providing them
    with the opportunity to take on additional bets from retail customers.
    Importantly, the Company also offers bookmakers a facility to effectively
    manage their risk exposure by hedging positions anomalously using Betbrokers
    as an intermediary to deal with the other bookmakers.


Betbrokers floated on the AIM market of the London Stock Exchange in November 2006.  Further information is available on
the Company at: www.betbrokers.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQUUUMWBUPMGMA

Betbrokers (LSE:BETB)
Historical Stock Chart
From May 2024 to Jun 2024

Betbrokers (LSE:BETB)
Historical Stock Chart
From Jun 2023 to Jun 2024