Fast Bet Solutions Plc

July 31, 2012 05:41 ET

Trading Statement

                                          Fast Bet Solutions Plc                                                     
                                       ("Fast Bet" or the "Company")
                          Trading statement for the third quarter to 30 June 2012
During the three months to 30 June 2012, no material events, transactions or events have taken place.

Post-Period Events

As  stated  in  an  announcement released by the Company on 20 July 2012, Fast Bet  has  been  experiencing
difficulties in implementing its business strategy, due to the unfavourable economic environment, which has
made  it  very  difficult for the Company to raise additional funds.  As such, the Company has  decided  to
undertake  a review of its activities and of its future strategy, under the guidance of two new independent
Directors.   To this end Grahame Rose has been appointed to the Board of the Company as Executive  Chairman
and  Miles  Nicholson has been appointed to the Board as Non-Executive Director.  Jennifer  Allsop,  Andrew
Gilbert and Nick Woolard have stepped down from the Board of the Company.

The new Board is currently reviewing the strategy of the Company and will inform Shareholders the result of
their review, as soon as practical.

The Directors of the issuer accept responsibility for this announcement.



Grahame Rose
+44 12 3478 2896

Fungai Ndoro/ Eran Zucker
+44 20 7469 0930

Contact Information

  • Fast Bet Solutions Plc