32Red Plc Trading Update

[Mark@32Red]

Hi All,

Here is our trading update for H1 2008.

Thanks
Mark


32Red Plc, the award-winning online gaming operator, today provides an update on trading for the half year ended 30 June 2008 ahead of its full interim results to be released on 26 August 2008. Comparatives are for continuing 32Red operations and exclude any revenues derived from the Betdirect business, sold on 30 October 2007.

The Board have been pleased with trading during the first six months of 2008. The Company's flagship operation, the 32Red Casino, has flourished and is benefitting from a clear focus on all aspects of its service and marketing activities. This has resulted in a record level of Gross Win for the period.

Key financial highlights:
• Total gaming revenues of £6.6m, an increase of 26% on H1 2007 and 32% on H2 2007
• Casino revenues of £6m, an increase of 31% on H1 2007 and 38% on H2 2007
• Active casino players in the first 6 months : 12,283, up 13.5% on H1 2007 and up 9.3% on H2 2007
• Casino yield per active player in the 6 months : £491, up 15.2% on H1 2007 and up 25.8% on H2 2007

Rest of the release attached in a PDF.

Thanks
Mark

[Doolally]

Interesting and unusual to see a trading update in an affiliate forum but I think it's a great idea.

If we are to put faith in sending players to the gaming sites with a view to earning residual commissions, it's nice to see if overall the group is managed and run well. I don't want to put players to a company that's going to fold in 6 months so it's good to see strong results.

Now, if I buy a few shares and therefore own a little bit of you guys, can I set my own commission rates??? (Anyone want a bonus?)

[Aaron@32Red]

Hi Doolally,

This is precisely why we've posted the figures. We see affiliates as partners with a natural interest in the performance of our products. The results show that together we're doing very well.

As affiliate manager it's great to see a good player yield - it bodes well for all our affiliates now enjoying the 40% flat rate revenue share plan.

Lol ref setting your own commission rates - how many shares are you planning on buying!!

Drop me a line if you need more info.

Regards,

Aaron
32Red Affiliates
32Red Plc