UBET Another Drop off the Table.
What seemed to catch my interest where these lines from Business Wire PR.
Tuesday Nov 07 2006 16:00:29 EST
WOODLAND HILLS, Calif., Nov 07, 2006 (BUSINESS WIRE) --
Cut and pasted from the above PR.
"Youbet is also moving closer to the launch of our new online fantasy sports and games initiative that will leverage the game development capabilities at United Tote with our Internet platform and growing customer database. KingContest.com is expected to launch later this year with our first online fantasy contest product, KingContest. We then expect to launch several new online games and/or contests throughout 2007."
Maybe they wiil expand on it at the Gaming Investment Forum Tommorow.
There is only 1.5 months left this year, so launch is soon. Re-affirmed on '06 est. today's PR.
Must not forget. *wonders if needed if only an exert from a PR*
PSLRA 1995
The Youbet Advantage(TM) Player Rewards Program is the only player incentive program of its kind in the U.S. pari-mutuel market; and Youbet's play-for-points racing education website - www.Youbet.net - is helping to attract new fans to racing. Youbet.com is an official online wagering platform of Churchill Downs Incorporated and the Kentucky Derby and is the exclusive provider of horse racing content for CBS SportsLine.com. More information on Youbet.com can be found at www.youbet.com.
This press release contains certain forward-looking statements. Statements containing expressions such as "may," "will," "project," "might," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "potential," "continue," or "pursue," or the negative or other variations thereof or comparable terminology used in Youbet's press releases and in its reports filed with the Securities and Exchange Commission are intended to identify forward-looking statements. These forward-looking statements, which are included in accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause Youbet's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although Youbet believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations. These risks, uncertainties and other factors are discussed in Youbet's Form 10-K for the year ended December 31, 2005, as updated in Youbet's Forms 10-Q for the quarter ended June 30, 2006, and in Youbet's other filings with the Securities and Exchange Commission. Such factors include, without limitation, the following: the timely development and market acceptance of new products and technologies; our ability to control operating expenses; increased competition in the advance deposit wagering business; a decline in the public acceptance of wagering; wagering ceasing to be permissible in jurisdictions where Youbet currently operates; the limitation, conditioning or suspension of any of Youbet's licenses; increases in or new taxes imposed on wagering revenues; our ability to improve and innovate our technology; our inability to successfully complete and integrate acquisitions; loss or retirement of key executives; and a decline in the general economy. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Youbet does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Hold)
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