Betbull plc ("Betbull") announces the release of group consolidated audited financial statements

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ots.CorporateNews übermittelt durch euro adhoc mit dem Ziel einer
europaweiten Verbreitung. Für den Inhalt der Mitteilung ist das Unternehmen
verantwortlich.
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Finanzen/balance/annual report 2006

London (euro adhoc) - 1. Financial highlights for the year

- Betbull has continued its growth during the year 2006, achieving a
record gross income of EUR 89.4 m up by 4 times compared with the
year 2005 - (2005 - EUR 20.1 m) and Net Gaming Revenue of EUR 15.0
m up by 3.75 times compared with the year 2005 (2005 - EUR 4.0 m).
- EBITDA reached EUR (0.55) m - (2005 - EUR (5.2) m) and 0.08 m -
(2005 - EUR (4.0 )m)before share benefit charge. - The Adjusted
Operating Loss amounted to EUR (0.97) m - (2005 - EUR (4.2) m)
before Share Benefit Charges of EUR 0.63 m - (2005 - EUR 1.2 m). -
Betbull maintains a healthy Cash Position of EUR 8.0 m as of 31
December 2006 - (2005 - EUR 10.7 m).

Total cost and expenditures included various extraordinary items, in
particular, for legal counsel and lobbying as well as the start up
costs of the business’s in Spain and Italy.

2. Business highlights for the year

- Private placing raising EUR 4.2 m by issuing 1,050,000 new
ordinary shares, 942,069 not accounted for in the balance sheet,
(closed 28 February 2007 yielding a total of 7,621,431 shares
issued overall) with the goals to fund further business
development and to maintain flexibility. - Award of four licenses in
Italy for the cities of Milan and Como in a tender process. -
Joint Venture signed with Grupo Orenes, a leading Spanish leisure
operator, with the goal to establish a retail betting chain in
Spain. - Opening of the first retail betting units in Spain. -
Completion of repositioning the company as a retail betting operator
with complementary online offering. The portfolio of retail
betting units was restructured to achieve an overall better
performance on fewer outlets. - Major swing in continental Europe
towards a liberalization of gaming, in particular, the new
legislation in Italy and Spain (Madrid). The German monopoly is
still heavily contested and must be newly regulated by the end of
2007 following a Constitutional Court Ruling in March 2006.

Commenting on today’s announcement Simon Bold, Director of Betbull,
said: "Considering the difficult regulatory circumstances under which
Betbull operated in the year 2006 I am very pleased with the growth
achieved. I am looking forward implementing business development
objectives in Spain which will help grow Betbull to the next level."
Günter Schmid, Director of Betbull, added: "We are still executing
our strategy of growth in continental Europe via acquisitions,
partnering and organic growth. Once the regulatory dust has settled
down a bit we have the clear sight required to speed up again."

"This communication including the complete the Betbull Plc annual
report and the consolidated financial statements for the year ended
31 December 2006 can be downloaded from the website
www.betbullplc.com."

- ENDS -

About Betbull

Betbull's goal is to establish itself as one of the leading
Continental European retail bookmakers. The Betbull group holds
bookmaking licences in the UK, Austria, Italy, and Malta and horse
betting licences in select districts of Germany and Spain.

The high caliber management team (Simon Bold, David De Marco,
Alexander Leip, and Günter Schmid) has a strong track record in the
betting industry with relevant bookmaking experience and know-how
including sector specific M&A expertise.

Betbull has been listed on the Vienna Stock Exchange since October
2004 ("BETB", "BETB.VI").

For further details please refer to the website www.betbullplc.com.

Ende der Mitteilung euro adhoc 18.04.2007 15:21:22
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ots Originaltext: betbull - The European Betting Exchange Plc.
Im Internet recherchierbar: http://www.presseportal.de

Rückfragehinweis:
Contact

David De Marco, Group Finance Director
d.demarco@betbull.com
Phone +356 21480131
Fax +356 21480132

Betbull plc
Tower 42, Level 23/Pillsbury
25 Old Broad Street
London EC2N 1HQ
United Kingdom

Betbull plc is registered in England & Wales under the Registration Number
05044730.

This communication can be downloaded from the website www.betbullplc.com.

Branche: Glücksspiele
ISIN: AT0000615331
WKN: A0DKM0
Börsen: Wiener Börse AG / Börse


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