2nd Oct 2006 15:52
Datacash Group PLC02 October 2006 FOR IMMEDIATE RELEASE02 October 2006 DataCash Group PLC US Congress passes Safe Port Act The Board of DataCash Group has noted the share price reaction to the passing byCongress of the Safe Port Act and makes the following comments: The Group currently receives approximately 30% of its revenues from USoriginated payments down from 45% in December 2005. For the avoidance of doubt,the Group does not and has not supported sports book betting transactionsoriginating in the US. The Group strategy has been to reduce the dependence onUS gaming and further evidence of this trend can be shown by the growth rates ofthe non-US gaming business as a percentage of DataCash's total growth pro rataover the past 12 months, currently running at 74% compared to the US gaminggrowth rate of approximately 26%. DataCash Group has a wide sector diversification in its business, for example inretail, travel and telecommunications and this is expected to continue to showgood growth, and is already benefiting from the growing requirement forintegrated international payment processing and comprehensive risk managementservices provided by the DataCash Group. It is impossible to quantify the impact of the Bill at this stage, but thecompany also believes that the effect may be to generate new and enhancedopportunities to the Group for its non-US payments processing and riskmanagement activities as gaming operators diversify into other geographic andbusiness areas. END For further information please contact DataCash Group PLC Paul Burton, Director +27 21 528 4501Andrew Dark, Director +27 21 528 4544Keith Butcher, Director +44 (0)870 727 4760 MJ2 Business Communications Tim McCall / Stewart Harris +44 (0)20 7491 7776 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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