Gaming Ventures plc
LSE : GAMP

September 24, 2008 08:05 ET

Financial Update

                                                                                     
                                                                                          24/09//2008
                                                                            GB00B1VR4482/GBP/PLUS-exn
                                          GAMING VENTURES PLC

                                 FINANCIAL POSITION SEPTEMBER 24, 2008

Over the past four months, Gaming Ventures PLC (the "Company") has been trying to raise funds so that
it can develop opportunities it has identified and to provide working capital. Initially this appeared
routine and the Board was confident of progressing. However, in June, the appointed broker
discontinued all fund raising, including that for Gaming Ventures. In July, an alternative broker was
found who informed the Company that they did not anticipate difficulty in raising the funds the
Company required but then market conditions deteriorated so badly that they were not able to proceed.

As a consequence, the Company faces an uncertain future. The Board is pursuing one remaining avenue
and is looking for others and will advise shareholders as soon as further information is available.

The Directors of the Company accept responsibilities for this announcement.


Notes:
The Company's shares have been suspended pending further developments.

Contact Information

  • Gaming Ventures plc