32Red Announces 67% Rise in Revenues

32Red Plc, the UK focused online gaming company, announces its maiden preliminary results for the year ended 31 December 2005.

(PRWEB) March 17, 2006 -- 32Red Plc, the UK focused online gaming company, announces its maiden preliminary results for the year ended 31 December 2005. The Company was listed on the Alternative Investment Market on 23 September 2005. 82% of 32Red (http://www.32red.com ) customers are based in the UK and Ireland.

Financial highlights
Gaming revenues up 67% to £9.77m (2004: £5.87m)
- Casino revenues up 57% to £8.94m (2004: £5.68m)
- Poker revenues up 339% against the prior year to £0.83m

Profit before interest and tax (before charging IPO and share option costs) up 82% to £2.04m (2004: £1.12m)
Basic earnings per share up 16% to 2.76 pence (2004: 2.38 pence)

Key performance indicators:
Total active players increased by 102% to 17,587
Total new players recruited rose by 91% to 14,451
Annual yield per casino player of £843 (2004: £826)
Cost per acquisition of real money players of £147 (2004: £174)
Operational highlights Japanese language 32Red casino launched
Investment in new data centre
Voted Best Casino 2005 by Casinomeister for third consecutive year

Commenting on the results, Ed Ware, CEO said: “32Red has a strong UK focused brand that continues to attract new players and deliver growth for shareholders. The Company had an excellent 2005 and the current year has begun well on all fronts. 32Red is a highly scaleable business with the capacity to grow organically and via acquisition. Being a
listed company brings many benefits and we intend to make full use of our PLC status in the coming months.”

Notes to Editors
32Red (http://www.32red.com ) is an award-winning online casino and poker operator licensed, regulated and based in Gibraltar. For the past 3 years 32Red has been awarded ‘Best Casino’ by Watchdog and Player Advocate site Casinomeister.

The Company attracts players from around the world but has a predominantly UK player base, with 83% of customers at http://www.32red.com and www.32redpoker.com registered as coming from the UK.

In September 2005, 32Red cemented it's position as the UK's premiere gaming company by listing on The Alternative Investment Market (AIM) in London. You can find 32Red's corporate website at http://32redplc.com

Enquiries:
Ed Ware, CEO
32Red plc
Tel: 00 350 49396

Matthew Smallwood/Tom Baldock
College Hill
Tel: 020 7457 2020

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