TES Thames Water 26

RNS Number:3987W
TradingSports Exchange Systems PLC
11 March 2004


For Immediate Release                                           11 March, 2004

                        TradingSports Exchange Systems plc

               Signs Contract To Expand Reach Into European Sport

TradingSports Exchange Systems plc ("TradingSports"), the person-to-person 
("P2P") betting exchange system provider, is pleased to announce its expansion 
into the European market through its signed contract with Golanta Sports 
("Golanta"). The launch of Golanta's interactive P2P exchange will enable 
bettors to place in-running bets on a wide range of European, UK and Turkish 
sporting events to customers worldwide.

Under the terms of the agreement, TradingSports will provide Golanta with a
multi-currency multi-lingual P2P betting platform through its betting exchange,
allowing Golanta's customers to benefit from TradingSports' worldwide pooled
customer base. In return, TradingSports will receive a percentage of all margins
generated through Golanta's P2P exchange. The exchange will operate under the
name SporBorsa.com and will be fully integrated with all of Golanta's existing
sportsbooks and casino services.

Joe Tighe, Chief Executive to TradingSports commented:

"The launch of Golanta Sports, expected in time for Euro 2004, is a strong
endorsement of the potential for P2P betting exchange systems to revolutionise
the online betting market in Europe. We are very excited about this partnership
and the large array of European sports it will bring to the exchange."

Erbil Arkin, Director of Golanta Sports said:

"Our person-to-person betting exchange will be the first in our market, so it
was essential that we found an experienced partner. After researching the market
extensively, TradingSports was the obvious choice for first-rate technology and
with TradingSports we have the advantage of both their expertise and immediate
liquidity in the exchange through their worldwide pooled customer base. This
gives us a great opportunity to build new business quickly through our existing
customer base, and to expand into a fast growing international market"

For further information, please contact:

TradingSports                 T: +44 (0) 20 8780 6000
Joe Tighe, Chief Executive
Ken Mulvany, Director of Investor Relations

Buchanan Communications                                 T: +44 (0) 20 7466 5000
Mark Edwards / James Strong

Background to Golanta Sports:

Golanta and its associated companies operate land-based and internet-based
casinos, hotels, betting shops, online sportsbooks, and an international call
centre in Cyprus. Their worldwide customer base is due to the broad range of
sporting events, games, and services offered.

Golanta is the sister company to Falconforce Ltd, the fast growing UK company
that owns Wilson Sports and Racing, which operates an international telephone
betting call centre and 20 betting shops in London and the South-East.

Background to TradingSports:

Founded in August 2000 and floated on the Alternative Investment Market of the
London Stock Exchange in May 2003, TradingSports is a P2P betting exchange
system provider. It offers a turn-key hosted betting exchange solution to sports
and financial betting companies, through which individuals bet on live events at
any point before and during the event.

The Group applies the principles of a financial exchange by acting as a clearing
house for gambling companies offering P2P betting from any jurisdiction in the
world where it is lawful to do so. Its platform is aimed at the
business-to-business market and acts as an aggregator of liquidity from
different betting companies. TradingSports recognises that liquidity is an
important component to maximise the success of P2P betting. By providing an
exchange service with several participating members, thereby creating a
significant user base, TradingSports' services help to ensure thatthe potential
number of people with whom to bet is far greater than could be provided by one
individual bookmaker.

TradingSports itself has no direct relationship with bettors, does not handle
money of individual bettors and is not exposed to thegambling risk associated
with a bookmaker, as it does not risk its own capital.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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