SOURCE: TrackBets International, Inc.

September 11, 2008 08:31 ET

TrackBets International Exploring Opportunities to Enter Premium Sports Collectibles Market

Company Plans to Enter $2.5 Billion Market

NEW YORK, NY--(Marketwire - September 11, 2008) - TrackBets International, Inc. (PINKSHEETS: TRKB) is pleased to announce that the Company is seeking acquisition candidates in the growing premium sports collectibles and memorabilia market. Such an acquisition would be the first step in expanding its potential revenue streams beyond Brazilian wagering and simulcast, becoming a first-rate diversified sports and entertainment corporation.

TrackBets is optimistic about the potential to derive immediate revenues from an acquisition of a sports memorabilia company, as this would include the opportunity to secure the exclusive rights to sell its properties under the company's umbrella of related services. This would include online sales, a customized Certificate of Authenticity system and exclusive sports celebrity appearances for fans looking to meet and greet current and former professional athletes for autographs and personalized memorabilia.

The sports memorabilia market is estimated to produce as much as $2.5 billion in sales per year. Most customers are collectors or hobbyists, and others are enticed to the investment potential, necessitating the authentication of the merchandise and trust in the memorabilia retailer.

"The retail sports collectible and memorabilia concept is an ideal opportunity for TrackBets to cross-promote our future Brazilian gaming services and facilities, as well as diversify into the broader and congruent verticals within the sports and entertainment industry, here in the Unites States. Sports memorabilia has been a rapidly growing industry for the past decade and authenticity is crucial. An acquisition candidate with existing inventories, strong retail and online sales as well as distribution capabilities is ideal to improving our balance sheet for our shareholders. We are particularly impressed with some of the companies we have identified and plan to proceed with our due diligence in the near future," stated John D. Samuel, President and CEO of TrackBets International, Inc.

TrackBets has most recently focused on developing partnerships with several jockey clubs to create an exportable product for pari-mutuel wagering via simulcast in Brazil and the international community online. The TrackBets website will eventually include streaming information on races, wagering and promotions, and its extensive research on the Brazilian pari-mutuel racing industry and potentially thriving Brazilian wagering market. It anticipates revenues from advertisements and links to additional wagering websites, simulcasts and on-site racing venues.

About TrackBets International, Inc.:

TrackBets International is the only North American company operating in the legalized gambling market in Brazil. TrackBets has successfully completed significant milestones in its development and is primed to grow at a substantial and sustainable rate with an infusion of new capital. The Company has an existing infrastructure in Brazil and has thoroughly researched the turf industry.

Safe Harbor Statement: Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, perceived or actual benefits from Track Bets International's planned operations, the market acceptance and level of sales derived from its operations, the competitive environment within the Brazilian turf industry, and the successful technical and economic implementation of its operations.

Contact Information

  • Contact:
    For more information, please visit:
    www.Track-Bets.com
    or call
    Investor Relations
    866-THE-APPL(E)