Sports Internet Group PLC
9 February 2000
SPORTS INTERNET GROUP PLC
('Sports Internet')
Formation of Exclusive On-Line Betting Service with Freeserve
plc
Sports Internet, Europe's leading integrated Internet sports
content, statistics and betting group, announces the formation
of a new and exclusive on-line betting service with Freeserve
plc ('Freeserve'), the UK's leading Internet business.
Sports Internet is delighted to announce that it has become
the exclusive provider of fixed odds on-line sports betting
services to Freeserve, through its subsidiary, Surrey
International. Sports Internet will apply its integrated
Internet platform, embracing content, statistics and betting,
to the entire Freeserve customer base. Freeserve customers
will thus be able to place fixed odds bets on a wide range of
sports. Sports Internet's sophisticated systems allow
customers not only to place bets but to access the extensive
range of content and statistics contained within the Sports
Internet, Planetfootball.com and Opta Index web sites. The
service is expected to be launched before the end of March
2000.
Sports Internet also announces that optasoccer.com, its
recently launched football website, will also form part of
Freeserve's sports channel. Freeserve customers will thus
gain direct access to optasoccer's unique combination of
football content and statistics. With its offering of up-to-
the-minute world football news, combined with a comprehensive
library of football statistics, optasoccer.com can provide
Freeserve customers with an on-line encyclopaedia of football.
In order to cement the commercial alliance between Sports
Internet and Freeserve, Sports Internet is issuing to
Freeserve a warrant to subscribe for 400,000 new ordinary
shares in Sports Internet, at a price of 750p per share. The
new ordinary shares subject to the warrant represent 1.18% of
the current issued ordinary share capital of Sports Internet.
The warrant to be issued to Freeserve will not be listed or
tradeable on any market and is, subject to the approval of
Sports Internet shareholders at its next General Meeting,
exercisable at any time before 9 February 2002.
Jeremy Fenn, Chief Executive of Sports Internet, commented:
'Teaming up with Freeserve is a major achievement for Sports
Internet. We have reached this alliance due to our unique
combination of sports content, statistics and betting that we
have developed into a fully integrated on-line package.
Freeserve recognises that this will significantly enhance
their sports content and betting offer. We are delighted that
customers of the UK's leading Internet business will now have
direct and instant access to our betting platform.'
John Pluthero, Chief Executive of Freeserve, added:
'We are delighted to offer our customers the best football
statistics and content on the web, as well as offering them
the opportunity for integrated betting on football.'
9 February 2000
Enquiries:
Sports Internet Group plc
Jeremy Fenn, Chief Executive Tel: 01423 700 800
College Hill Tel: 020 7457 2020
Nicola Weiner
Archie Berens
WestLB Panmure Limited Tel: 020 7638 4010
Tim Linacre
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