2008-07-07 08:58:45

LOW GROSS MARGIN IN THE SECOND QUARTER

(NGM:BETT)

Betting Promotion, which is listed on NGM (NGM:BETT) showed for the second quarter of 2008 a gross margin of 0.26% (0.48). The gaming turnover decreased during the period with 1 % to approximately 2 533 MSEK (2 558). The company’s business is such that the gross margin can vary between quarters. The theoretical profit, as calculated by the trading system, indicates that the margin over a rolling twelve-month period should be around 0.6-0.8%. The company therefore does not see any change in its long term profitability.

”The quarterly margin was lower than expected, which is mainly due to unfavourable results during the European Championships”, commented Johan Moazed, CEO of Betting Promotion.

The complete report for the second quarter will be published on July 23, 2008.


Malmö, July 4, 2008

For more information, please contact:

Johan Moazed, CEO, Betting Promotion Sweden AB.

Phone: +46 40 611 84 94

About Betting Promotion
Betting Promotion is active within the part of the gaming industry that is called Sports Betting. The company provides market-making services to Internet based betting markets, Betting Exchanges. The company’s role is to place odds on these markets to ensure that there are plenty of possibilities for the punters to match their bets. The business is licensed by the Malta Lotteries and Gaming Authority. Betting Promotion is listed on Nordic Growth Market, with headquarters in Stockholm and has about 20 employees.
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