TradeSports has acquired Intrade.com an associated company of News Corp.

TradeSports.com the person-to-person sports, political and financial trading exchange today announced that it will acquire the Intrade.com exchange.

TradeSports.com is based in Dublin, Ireland and has been in operation for more than 14 months with over 13,000 members. As recently featured in The Times, Evening Standard, The Guardian, CNN, CNBC, and Forbes for providing trading opportunities from how long Saddam Hussein will last in power or where US Unemployment will be at the end of the year. TradeSports is the fastest growing US$ denominated trading exchange with unparalleled liquidity in many sport, geo-political and financial contracts.

Intrade.com also based in Dublin, was owned and operated by Intrade plc. Intrade plc who has already raised over $12m in funding and was partly financed by Queensland Press, an associated company of Rupert Murdochs News Corp International.

Financial details relating to the acquisition were not disclosed.

Commenting on the acquisition John Delaney, CEO, TradeSports.com said

This is a very positive development for the industry and for the combined 20,000 members of the two exchanges. Our current and new members will benefit greatly from the acquisition, as the odds will be better, the technology is the most robust in the industry, coupled with the best liquidity in many categories and unique trading opportunities. From the Intrade members we have already spoken to, the idea of pitting ones wits against players from the US and elsewhere seem very appealing."

Further inquiries:

Press Officer
TradeSports Exchange Ltd
www.tradesports.com
Tel: ++ 353 1 6200300
April 3rd 2003