365.L Regulatory News (365)

16 Oct 2006 16:47

ukbetting PLC16 October 2006 16 October 2006 ukbetting plc ukbetting shareholders vote in favour of 365 Media Group plc ukbetting plc, (UKB.L) the online sports content and gaming company, announcesthat at today's Extraordinary General Meeting shareholders voted in favour ofchanging the Company's name to 365 Media Group plc. With effect from today, ukbetting plc will be known as 365 Media Group plc. Thecompany will be located under the London Stock Exchange's TIDM code 365 from 18October 2006, and we will seek to be reclassified within the AlternativeInvestment Market's sub-sectors. Peter Dubens, Chairman, said, "Today's change in name to 365 Media Group plc now properly reflects the mix ingroup revenue and activities that has gradually evolved over the last 5 years.When we listed in 2001, most consumer internet connectivity was through narrowband. Our network of sport sites generated little revenue but did help drivecustomers to our gambling websites. At that time advertising revenue was a mere£175,000 for the year. Since then, the explosion in broadband connectivity hasboth dramatically increased the usage and usability of our sites as well ascreate significant advertising and affiliate revenues to the extent thatadvertising revenue over the past 5 years have increased 16 fold. "As a result, the group now has 4 distinct revenue streams, namely: advertising,affiliate, content syndication and gambling, all driven through our network ofwebsites. We feel that 365 Media Group plc is a better reflection of thecompany's current position and future aspirations." -ends- For more information, contact: ukbetting plc 020 7766 6909Peter Dubens, Chairman Financial Dynamics 020 7831 3113Juliet Clarke / Hannah Sloane ukbetting plc ukbetting plc (AIM: UKB.L) is the UK's leading online gaming and sports contentoperator. Listing on the Alternative Investment Market in August 2001,ukbetting has since pursued an active acquisitive strategy and now owns andoperates thirteen sports content sites (sportinglife.com, sportal.com,TEAMtalk.com, www.rivals.net, www.football365.com, www.planetrugby.com,www.planetf1.com, www.golf365.com www.PGApro.tv, and www.cricket365.com,www.extremesports365.com, www.conferencefootball.tv, www.fixtures365.com), threeodds comparison sites (oddschecker.com, casinochecker.com, pokerchecker.com) andfour wagering sites (bettingzone.co.uk, ukbetting.com, totalbet.com andgoldbet.com). Since inception, ukbetting has not accepted US bets. This information is provided by RNS The company news service from the London Stock Exchange