RNS Number : 7245P
Weather Lottery PLC (The)
22 July 2010
THE WEATHER LOTTERY PLC
("TWL" or the "Company")
IMPORTANT CONTRACT WIN CONFIRMS EXPANSION
INTO ONLINE GAMING WITH "FC BETZ"
22 July 2010
With the approach of the new football season in August the Board of TWL is delighted to announce that the expansion into on-line gaming under the brand name "FC Betz.com" is moving apace with the signing of a partnership contract with another major football club, Sheffield Wednesday FC.
TWL has signed a multi-year contract with Sheffield Wednesday to become its gaming partner. Under the contract TWL will provide a full package of on-line gaming products to the club and its supporters. In addition TWL will run the Sheffield Wednesday Club Lottery under the new themed "FC Lotto" brand which TWL has created especially for the football market.
The Board believes that this expansion will create additional revenues for the Company. Negotiations are continuing with several other major football clubs. The Board expects to make further announcements shortly of other similar contracts with other leading clubs in accordance with the AIM Rules. TWL has now signed partnership agreements with three major football clubs in Coventry City, Derby County and Sheffield Wednesday giving the FC Betz On-Line gaming operations and FC Lotto lottery brand access to a market consisting of the large number of supporters of these clubs.
"Again TWL has signed contract with an important football club in Sheffield Wednesday. The Club has a strong history and a strong presence locally and nationally and is we hope likely to be moving up through the leagues in the near future. Once again we are delighted to become the gaming and lottery partner and look forward to a successful and profitable relationship with Sheffield Wednesday and its fans in the coming seasons" said Chairman Lord Razzall CBE.
The Weather Lottery PLC 01777 818 036
Religare Capital Markets (Nomad) 020 7444 0800
SVS Securities (Broker) 0207 638 5600
Ian Callaway / Alex Mattey
This information is provided by RNS
The company news service from the London Stock Exchange