Gigabell Struggles, Stock Traders At Germanys Neuer Markt Lost Millions - But Some Punters Profited

PRESS RELEASE
(FOR IMMEDIATE RELEASE)

St. John's, Antigua, 09/16/2000 – Was Gigabell´s recent application for insolvency bad news for everyone? Not for online punters at gamebookers.com, who took the opportunity to bet on Gigabell to become the first company listed at Germany´s Neuer Markt to face bankruptcy.

The hottest financial bet on the net found its sudden end when Gigabell started insolvency proceedings yesterday. Online punters from over 20 European and Asian countries took part in betting on the Neuer Markts failures-to-be – an increasing traffic was certainly acknowledged from Germany, where several bettors won four digit amounts. The Gigabell odd was set at 7 (paying GBP 700 for a bet stake of GBP 100).
"Offering this bet was a high risk venture – who knows, the Gigabell board members themselves could have placed their bets at gamebookers.com before announcing to start formal insolvency proceedings." comments Surge George, spokesman of gamebookers.com with a grin.
About gamebookers.com
gamebookers.com is an all-in-one-shop concept for bettors: sportsbook,
infoworld and community. Based and licensed in Antigua and Barbuda (W.I.),
the company enjoys a betting tax-free status. Gamebookers Ltd. was founded
in 1998 and is a 100% subsidiary of Sporting-Online Ltd., London.

For further information, please visit http://www.gamebookers.com.

Public Relations: Surge George (+1 268 562 2573)
pr@gamebookers.com

Gamebookers Ltd.
Dollar Building, Nevis Street
P.O. Box W1044
St. John's, Antigua and Barbuda
Phone +1-268-562-2573
Fax +1-509-271-5517