to the chartists, page-12

re: up 23%,,, and rising,,, up 30c since 1pm. should fly tomorrow. todays 15:44 announcement is brilliant. i'm in.

IASEET ANNOUNCES RECORD TURNOVER FOR OCTOBEWNOVEMBER FY2003
The Chairman of IASbet Limited (IAS), Mark Read, announced today that the
Company was on track to outperform market expectations for the first half-year
result.
“IAS’s Bxcellent first quarter results, highlighted by a 60% increase in client
turnover and 120% increase in Internet turnover, have been eclipsed by the
October/November result“ said Mr. Read.
“A 300% increase in Internet sales volume during the Spring racing period drove
Australian racing turnover up by 55% over the corresponding period the previous
year” he said. “On Derby Day. 12,000 bets were invested on-line compared to
3,000 via our traditional telephone service”.
“These statistics have astounded me and confirm the IAS vision of where the
global wagering market is heading. Just as in the banking industry, the retail
model is in decline and it will be a dinosaur within 10 years” he said.
“Obviously, the Company’s core Australian Race wagering business is in great
shape, however it is IAS’s developing business divisions that are most exciting.
IAS now has 10 discrete profit centres, namely Australian Racing, Asian Racing,
US Racing, European Soccer, Australian Sports, US Sports, Read Rating
Technologies, Wagering Investment, Global Premium Player Program and Asian
Entertainment.”
“Their contribution to Group turnover is driving the scale of the IAS business and
affording economies, whilst, at the same time, creating significant diversity that
competitors in our sector do not possess,” said Mr Read. “Group turnover for
October and November is expected to be about $85 million, al00% increase on
the $42 million turnover for the same period in 2001 .”
“I am pleased to report that IAS‘s revenue margin also doubled last year‘s
performance. Clearly IAS is on track for a record first half revenue result in our
wagering sector, on the back of topping the field in fiscal 2001/02. With a
continuation of this positive trend, Shareholders can anticipate the Company will
pay an interim dividend early in the fiscal quarter of calendar 2003. So,
Shareholders have a Merry Christmas and look forward to a prosperous New
Yea?’ said Mr Read.
For further information contact:
Mark Read
Executive Chairman
IASbet Limited
03 9948 9948 Off ice
0419 889088 Mobile