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Share Name | Share Symbol | Market | Type |
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American Telecom Services, | AMEX:TES | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
RNS Number:9000N TradingSports Exchange Systems PLC 24 July 2003 For Immediate Release 24th July, 2003 TRADINGSPORTS EXCHANGE SYSTEMS PLC 5 YEAR EXCLUSIVE CONTRACT WITH COSTA RICA INTERNATIONAL SPORTSBOOK TradingSports Exchange Systems plc ("TradingSports"), the AIM listed provider of person-to-person ("P2P") betting exchange software, has today further strengthened its portfolio of global exchange partners with the signing of a 5 year exclusive contract with Costa Rica International Sportsbook ("CRIS" or "the Company"), one of the largest offshore bookmakers in the world. Established in 1984 and currently operating out of Costa Rica, CRIS is a high-profile Sportsbook with an annual turnover in excess of US$1 billion. The Company is widely recognised as the sportsbook responsible for setting the North American bookmaking markets, determining the odds and betting lines faster than other bookmakers. The 5 year exclusive contract with TradingSports marks CRIS's first venture into the fast-growing P2P betting market and will enable its customers to place in-running bets on a wide range of sporting events, including the forthcoming NFL and basketball seasons. The exchange will be launched today on CRIS's website www.betcris.com. Joe Tighe, TradingSports Exchange Systems' Chief Executive, said: "The signing up of CRIS, one of the largest online bookmakers in the world, will significantly enhance the liquidity of the TradingSports global exchange. As outlined in our flotation earlier this year, our strategy remains to consolidate our leading position in North America, the largest online betting market in the world, provide the pooled liquidity which access to such partners provides, and increase our market share in other fast growth territories. The deal with CRIS underpins TradingSports' credentials as a leading and low cost B2B solution provider in P2P betting, the fastest growing sub-sector in the gaming industry." For further information, please contact: TradingSports T: 020 8780 6000 Joe Tighe, Chief Executive Buchanan Communications T: 020 7466 5000 Bobby Morse / James Strong Background Information TradingSports, which floated on the London Stock Exchange's AIM in May this year, enables its partners to enter the P2P betting market without the substantial investment of building, developing and maintaining their own P2P exchange systems. Aimed at the business-to-business market, TradingSports acts as an aggregator of liquidity from different sports betting companies, enabling them to benefit from TradingSports' vast global pool of P2P bettors. CRIS is the latest Sportsbook to sign with TradingSports Exchange Systems since the technology platform was launched in time for the Football World Cup in the summer of 2002. Sportingbet, TradIndex, WWTS, Betfanatic and Matchedbets are just five examples of online sports betting companies currently benefiting from the TradingSports exchange software, making the London-based operation one of the world leaders in its field. This information is provided by RNS The company news service from the London Stock Exchange END CNTUOABROWRBUAR
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