SOURCE: TrackBets International, Inc

July 09, 2008 09:40 ET

TrackBets International's CEO Discusses Expansion to U.S. and European Markets in WallStreetCorner Profile

NEW YORK, NY--(Marketwire - July 9, 2008) - TrackBets International, Inc. (PINKSHEETS: TRKB) is pleased to announce that the Company is the subject of a positive profile in "Larry Oakley's Stock Pick" on WallStreetCorner.com. TrackBets is currently planning to reopen the first of its BetBrasil pari-mutuel horse race wagering facilities in Brazil, and CEO John Samuel was interviewed by Mr. Oakley, who was optimistic about the Company's plans for potential revenue in the Brazilian wagering market and beyond.

Mr. Oakley commended Mr. Samuel on developing a vast base of information, knowledge, and especially contacts that he expects to enable the Company to be a successful player in the Brazilian turf industry, as well as in the other portions of the wagering market that TrackBets may explore. Mr. Oakley also complimented TrackBets on its recently established contacts in laying the groundwork to host wagering on Brazilian horse racing in the U.S. and Europe.

"TrackBets has one competitor in Brazil that is not doing well because it failed to accumulate the knowledge and contacts needed. John Samuel understands what is needed and has spent many months on extensive research. Samuel did his homework and in my opinion will be able to achieve success," Mr. Oakley stated.

"I appreciate Mr. Oakley's insight into the pari-mutuel horse race wagering, and the great potential that we see in the Brazilian market. This is a market not so well known around the world, and we're taking the necessary steps to capitalize on this thriving industry," stated John Samuel, CEO and President of TrackBets International, Inc.

To see the full text of the interview, please visit the following link: http://www.wallstreetcorner.com/stockpick.html

Larry Oakley created WallStreetCorner several years ago as an editorial venue for his Conservative Speculator newsletter, now read by investors in 93 countries with the goal to "help its readers to make more with the 10% they put into special emerging growth situations than they make with the 90% they put into everything else."

TrackBets International previously had simulcast races in four facilities within the State of Rio De Janeiro, and intends to relocate three facilities by the 4th quarter of this year, projecting 30 locations over the next three years. The Company is also in direct negotiations with the Ministry of Agriculture and the premier national Jockey Clubs to export Brazilian racing content internationally. In Brazil, in 2006, horse racing wagers amounted to approximately $128,000,000.

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)