28-02-2007 Betbrokers announces maiden results

In its first year of trading, UK's first retail and wholesale brokerage and clearing house for the sports betting industry reported commission revenues of over £1 million and over 30,000 deals matching £28.5 million of betting transactions. The company has 100 bookmakers and exchanges using its services, many for hedging purposes, as well as over 600 retail clients.

Betbrokers, which raised £2.5 million on admission to AIM on 1 November 2006, is planning to launch an online service in the third quarter of 2007. The service will allow retail clients to place bets with wholesale clients.

Chairman and Chief Executive Wayne Lochner commented: "The sports betting industry is growing strongly with Betbrokers benefiting from this and building on its first mover advantage by offering a unique proposition that we believe will change the dynamics of the industry for the better."