06-07-2007 Betbrokers to close the acquisition of Winning Edge within August 23

The world’s first clearing house for the sports betting industry signed an Asset Purchase Agreement to acquire the assets and business operations of Winning Edge for a consideration of $6.8 million, payable through the issue of new Betbrokers shares.

The acquisition will allow Betbrokers to satisfy the growing demand for information on US sports and sports betting on the UK and European markets. In turn, Winning Edge will benefit from Betbrokers’ offering of European sports information.

Wayne Lochner, Chairman and Chief Executive of Betbrokers, commented: "Acquiring Winning Edge’s business is a win-win for both parties. There is a huge amount of trading on US sports going on outside America and Betbrokers is now well positioned to provide and sell data to this large market which currently struggles to source detailed information on US sports. In addition, we are able to further empower our clients by offering longer trading hours."