AGM Statement

betinternet.com PLC
09 October 2006



                                                           FOR IMMEDIATE RELEASE

                                                                 09 October 2006



                              BETINTERNET.COM PLC

                        ('betinternet' or the 'Company')

                                 AGM STATEMENT


At today's Annual General Meeting of betinternet, the Chairman, Mr Denham Eke,
made the following statement regarding the Company's current trading position:



'Shareholders will be aware following the recent publication of our Report
and Accounts that the Company has now moved into profitability. This has been
achieved through the continued growth in its pari-mutuel business, European
Wagering Services ('EWS') and by the introduction of additional  gaming
content for its sportsbook website, betinternet.com.



I am pleased to report that the new sportsbook website has been very well
received by our customers and the number of wagering opportunities has increased
tremendously. In addition to the download casino from Real Time Gaming, we have
now introduced a fully embedded flash casino to complement our live dealer
casino and games suite. As we add more gaming products to our website, we expect
that betinternet will continue to become a more attractive gaming and
entertainment portal, where customers can select their preferred wagering
opportunities.



EWS has continued to show strong revenues into the new financial year and is
actively co-operating with existing and potential B2B clients in relation to
technology services for wagering through our Isle of Man totalisator hub into
racecourse pools. In addition, the Thoroughbred Racing Protective Bureau has
recently sent out its audit report for our business to a number of racetracks in
the United States. This report in effect, encompasses the due diligence that
many tracks require to allow third parties to bet into their racecourse pools.
As a result of this report, it is hoped that we can obtain further contracts
with racecourses enabling additional content for our customers to wager on.



The board's view is that the recent passing of the Unlawful Internet Gambling
Enforcement Bill in the United States will have little impact on betinternet's
current business, as detailed in our statement to the market on 2 October. We
will, however, continue to seek clarification on the Bill in relation to
pari-mutuel betting, which is legalised by the Interstate Horseracing Act of
1978.



I am extremely pleased also to announce that Global Coresports Limited, in which
betinternet. has a 17.3% stake, has last week launched its first product,
coreFootball, a dynamic football management game using artificial intelligence.
The board is confident that the game will be well received and that it will take
skill-based gaming to a new level.  The website can be found at
www.corefootball.com.



The company anticipates announcing its interim results for the 26 weeks to 26th
November 2006 in February 2007.



The board is pleased that the current management team have added a renewed focus
on the key elements of the business and have demonstrated that we have the
correct strategies in place to ensure a full year profit.'





For further information call:

betinternet.com plc: Garry Knowles
01624 698141

Evolution Securities Limited: Joanne Lake
0113 243 1619

Britton Financial PR: Tim Blackstone
0207 251 2544








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