16th Apr 2008 18:30
Netplay TV PLC16 April 2008 Date: 16 April 2008On behalf of: NetPlay TV plc ("the Company" or "Netplay")Immediate Release NetPlay TV plcCompletion of Acquisition and Board Appointment NetPlay TV plc ("NetPlay" or the "Company"), the interactive gaming company, ispleased to announce the completion of the acquisition of Bingos.com ('Bingos').Bingos is an established pan-European online bingo operator with over onemillion registered players. The business, which is based in Majorca, currentlyoperates in the UK, Spain, Italy and Poland. This landmark acquisition will further strengthen NetPlay's position in the fastgrowing interactive bingo market, and more importantly its ability to offer aconverged TV, Internet and Mobile platform for the bingo consumer. The Board of NetPlay is also pleased to announce the appointment of Dominic PaulMansour, Managing Director of Bingos.com, to the Board as CEO of Bingos.com withimmediate effect. Dominic is responsible for growing the Bingos.com business andhas been Managing Director of Bingos.com for 4 years. He has guided the companyfrom investment to profitability in less than 4 years, generating a £1m EBIT inthe last 12 months and more recently selling the business to NetPlay TV PLC. Hewas previously the Managing Director of GlobalCom London, where during hisemployment he established the business throughout Europe and the Middle East andlaunched the company's bingo software product (which was recently sold to 888).Dominic has a degree in Business Studies (Licence IUP-MGE) from the Universitede Savoie, Chambery, France and a BA (Hons) degree in European Business studiesfrom Manchester Metropolitan University. Martin Higginson, Chairman and Chief Executive of NetPlay TV plc said: "We are delighted to announce the completion of the Bingos.com acquisition andDominic's appointment to the Board. We are confident that he will furtherstrengthen the Group and we look forward to his contribution." Mr. Mansour, aged 31, has held the following directorships in the past fiveyears: Current: Previous:Quantum Factory SL WMC UK Ltd. Esprit Marketing Ltd At the time of appointment to the Board, Mr. Mansour holds no shares in theCompany. Save for the information disclosed above there are no further disclosures to bemade under Schedule two, paragraph (g) of the AIM Rules. -End- Enquiries: NetPlay TV plcMartin Higginson, Executive Chairman www.netplaytv.plc.ukVia Redleaf Redleaf Communications Tel: 020 7822 0200Sanna Sumner/Mike Ward [email protected] Landsbanki Securities (UK) LimitedSindre Ottesen Tel: 020 7426 9000 Notes to Editors: • Publication photographs are available from Redleaf Communications or www.redleafpr.com About NetPlay TV plc NetPlay TV plc is listed on the AIM market of the London Stock Exchange (NPT).NetPlay TV operates a number of interactive gaming services under a UK gaminglicense, including 'Live Roulette'(TM) and Big Box Bingo. www.liveroulette.comwww.bigboxbingo.com. These services can also be viewed live on television on SkyChannel 847 12 noon - 4am. Virgin One 12 midnight - 3am, and Bravo TV 1am - 4am.(BigBoxBingo - Tuesday 6.30pm Sky Channel 847) The Company is focused on the delivery of a converged interactive gamingexperience allowing its customers to interact with its games on a variety ofplatforms, TV, Internet and Mobile from a common, integrated wallet. About Bingos.com The business operates an online bingo operation from its offices in Majorca,Spain with an office in Malta. Bingos was awarded 'Best Bingo Operator of theYear' in 2006 and was runner up in 2007. It also won the award for 'Best BingoAffiliate Operator' in 2007. Bingos has over one million registered users and operates in the UK, Spain,Italy and Poland. The business also holds a TUV license allowing it to operatein Germany. In the last 12 months the business generated a profit of just over £1m on grossbets of £145m. There are currently 35 full time employees within the business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
NPT.L