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colaiscute

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Ann. today stated BCL aims to undertake a 1 for 10 consolidation which management believes will assist in their listing in the UK by reducing sp volatility.

 

Although I'm not a big fan of companies fiddling with the share register with splits and consolidations, there is a little logic involved and the market liked it, closing at 0.325.

 

Special AGM in Feb (16 I think). The consolidation will leave only 19m shares on the ASX, tightening the register and reducing supply, and, once this company shows consistent profits, there should be a great deal of capital apprecation in BCL. I doubt we'll see BCL at this discount once confidence is restored.

 

Cheers

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general info

 

SPILL GROUP Selects GameAccount Platform for SkillGame.com; Announces Game.com.cn, the New Game Portal in China.

 

 

HILVERSUM, Netherlands, Feb. 3 /PRNewswire/ -- This week sees the SPILL

GROUP officially launch its most comprehensive gaming portal to date,

http://www.skillgame.com . The site is already generating record numbers of

visitors per day. Since launching its first gaming portal in the Netherlands

in 2004, SPILL GROUP tripled their 2005 profits through gaming portals now

operational in the United Kingdom, Germany, France, Italy, Spain, Poland,

Austria and Switzerland.

Some of the browser-based Person-to-Person Skill Games and Knockout

Tournaments featured at SkillGame.com are the wildly popular Sit 'n' Go games

such as multiplayer Gin Rummy, Backgammon and 8-Ball Pool, as well as

evergreen classics such as Blackjack, Hi-Lo Solitaire, Pyramid Solitaire,

Riverboat Rummy, Blocs, Mah Jong, Mah Jong Airplane, Klondike Solitaire, Gem

Trader, and Singleplayer Golf and Pool.

SkillGame.com will be powered by the market-leading back-end and

integrated network supplied by the UK-based remote gaming supplier

GameAccount.

"SPILL GROUP was seeking a party with whom we could build a long-term

business relationship. GameAccount has a proven track record and a stable

gaming platform that can handle our high-load traffic," commented Reinout te

Brake, Marketing & Business Development Director for SPILL GROUP.

Ed Comins, Sales Director at GameAccount, agrees: "We are delighted to be

partnering with the SPILL GROUP and providing their customer base with the

best in gaming choice and satisfaction. The deal means that GameAccount

continues to progress with its strategy to ensure we are firmly positioned as

the leading provider of tailored Skill Gaming solutions to the eGaming

Industry."

Additionally, in an effort to capitalize on booming growth in the gaming

industry in Asian markets, SPILL GROUP recently opened an office in Shanghai

to tap markets in China, Malaysia and India ( http://www.game.com.cn ) .

"In 2008, the Chinese online gaming industry is predicted to be worth

14.2 billion RMB yuan; SPILL GROUP would like to share in the returns," added

Mr. te Brake.

The company also has plans to introduce branded gaming for advertisers as

well as a new mobile gaming platform in the second quarter of 2006.

 

About SPILL GROUP

SPILL GROUP HOLDING has four subsidiaries: SPILL GROUP EUROPE, SPILL GROUP

ASIA and KOTTABUS Ltd. The European division is located in Hilversum (The

Netherlands) and the Asian division is located in Shanghai (China). KOTTABUS

Ltd is an ad agency that is selling ad space of SPILL GROUP's game portals and

products. ZIGIZ.com is the fourth subsidiary of SPILL GROUP.

 

About GameAccount

GameAccount is a leading skill gaming provider for sportsbook, casino and

poker operators seeking a single-wallet skill gaming solution. GameAccount

powers leading online partners such as Victor Chandler, Sportingbet, Betcorp,

Fortune Lounge, Paddypower.com, Sky Bet (BSkyB), FHM.com, Maxim, Wanadoo and

The Sun. GameAccounts Financial Services Platform supports full multilingual

white-label solutions with seamless login and real-time exchange rates.

 

SPILL GROUP:

Reinout HM te Brake

+31-0-6-41-217-648

reinout@spillgroup.com

 

GameAccount:

Meir Moses

+44-0-207-659-2519

MMoses@GameAccount.com

 

This release was issued through The Xpress Press News Service, merging

e-mail and satellite distribution technologies to reach business analysts and

media outlets worldwide. For more information, visit

http://www.XpressPress.com .

 

 

 

 

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