Further re. acquisition

RNS Number:8682C
Betbrokers PLC
28 August 2007


Press release                                                     28 August 2007

                                 Betbrokers plc

                        ("Betbrokers" or "the Company")

                             Further re acquisition


Further to the announcement on 6 July 2007, Betbrokers plc, (AIM: BETB), the
UK's first retail and wholesale brokerage and clearing house for the sports
betting industry, announces that the Agreement to acquire the assets and
business operations of Winning Edge has been granted approval both from the US
Securities and Exchange Commission and from Winning Edge shareholders.  Winning
Edge is the trading name of Global Sports Edge International, Inc.

Under the terms of the Agreement, Betbrokers is acquiring all of the operating
assets of Winning Edge for a consideration of US$6.8 million payable in
Betbrokers' shares.  The acquisition is expected to be finalised by Wednesday, 5
September 2007 and the Company will make a further announcement upon completion.


                                    - Ends -

For further information, please contact:
 Betbrokers plc
 Wayne Lochner, Chairman and Chief Executive             Tel: +44 (0) 8448552100
 wlochner@betbrokers.com                                      www.betbrokers.com

 Hanson Westhouse Limited
 Tim Metcalfe / Matthew Johnson                         Tel: +44(0) 20 7601 6100
 tim.metcalfe@hansonwesthouse.com                        www.hansonwesthouse.com

Media enquiries:
 Abchurch Communications
 Chris Lane / Franziska Bohnke                         Tel: +44 (0) 20 7398 7716
 franziska.boehnke@abchurch-group.com                     www.abchurch-group.com


About Betbrokers plc

Betbrokers is the UK's first independent betting brokerage.  The Company
facilitates transactional business between both retail gamblers and wholesale
clients.  The Company's operations were formally launched in 2005.

Betbrokers provides services, from its dedicated dealing room in London's Canary
Wharf, to two groups of participants within the gambling industry:

  * The Company provides its retail customers with the advantage of best price
    execution together with the ability to deal 'in size' in a majority of
    sporting events.  Retail customers will soon be able to access advanced
    data-sales and trading analysis platforms, which feed from aggregated
    internal price mechanisms.
  * Betbrokers already has agreements with over 100 bookmakers, providing them
    with the opportunity to take on additional bets from retail customers.
    Importantly, the Company also offers bookmakers a facility to effectively
    manage their risk exposure by hedging positions anomalously using Betbrokers
    as an intermediary to deal with the other bookmakers.


Betbrokers floated on the AIM market of the London Stock Exchange in November 
2006.  Further information is available on the Company at: www.betbrokers.com


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

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