27 November 2000
BOWMAN INTERNATIONAL IN $21 MILLION DEAL WITH FIRSTSTAKE.PLC
Bowman International announced today that it agreed a deal with UK OFEX stockmarket quoted betting organisation Firststake Plc to join together to expand in both the UK and North American markets. On completion of the deal, Gary Bowman will take up a seat on the board of Firststake Plc and the company will benefit from his considerable expertise and insight into the North American market place.
Bowman International will have access to existing European and UK on-line betting software, which will be offered to our North American clients.
Firststake has established itself as one of the most exciting recent developments in the UK betting sector. It's easy-to-use Internet service is targeted at sports fans rather than just bettors and has received both customer and press plaudits since launch in June 2000. It also has a chain of betting shops in the UK.
Firststake Chairman, Karim Ghaidan said: "Ever since we started discussions with
Gary Bowman it was clear that there were tremendous synergies between the two organisations. Bowman International's strengths lie in the North American Market and on a telephone based service for the more experienced customer. Firststake's strengths are UK market oriented and primarily about targeting sports fans with a proprietary Internet platform.
Gary Bowman added: "I am delighted that this deal fulfils my vision of the globalisation of the betting industry. With our predominant position in North America, plus Firststake's existing online growth and their chain of betting shops, we will be able to benefit the betting public worldwide. I am sure that the full potential of the Bowman brand can be realised through this opportunity."
BOWMAN INTERNATIONAL IN $21 MILLION DEAL WITH FIRSTSTAKE.PLC
Bowman International announced today that it agreed a deal with UK OFEX stockmarket quoted betting organisation Firststake Plc to join together to expand in both the UK and North American markets. On completion of the deal, Gary Bowman will take up a seat on the board of Firststake Plc and the company will benefit from his considerable expertise and insight into the North American market place.
Bowman International will have access to existing European and UK on-line betting software, which will be offered to our North American clients.
Firststake has established itself as one of the most exciting recent developments in the UK betting sector. It's easy-to-use Internet service is targeted at sports fans rather than just bettors and has received both customer and press plaudits since launch in June 2000. It also has a chain of betting shops in the UK.
Firststake Chairman, Karim Ghaidan said: "Ever since we started discussions with
Gary Bowman it was clear that there were tremendous synergies between the two organisations. Bowman International's strengths lie in the North American Market and on a telephone based service for the more experienced customer. Firststake's strengths are UK market oriented and primarily about targeting sports fans with a proprietary Internet platform.
Gary Bowman added: "I am delighted that this deal fulfils my vision of the globalisation of the betting industry. With our predominant position in North America, plus Firststake's existing online growth and their chain of betting shops, we will be able to benefit the betting public worldwide. I am sure that the full potential of the Bowman brand can be realised through this opportunity."
Comment