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VANCOUVER, British Columbia-- Oct. 12, 2004--UBA Technology Inc. (UBTA.PK), a
leading software development company, has commenced marketing its proprietary
Betting Exchange software to qualified gaming industry licensees.
Betting exchanges act as online intermediaries between individual bettors, allowing
them to bet against each other, usually only taking a small commission from the
winner. During the last four years, betting exchanges have revolutionized the
market of sports betting in the United Kingdom, and have successfully captured
a large market share from traditional bookmakers.
A recent report by Media & Entertainment Consulting Network predicts "the
total annual volume of bets matched by betting exchanges in Europe will grow from
US$16 billion in 2004 to US$159 billion by 2008. Odds offered by betting exchanges
on average are about 20% better than those offered by traditional bookmakers."
UBA's software is a turn-key solution providing cutting edge gaming technology
and secure financial transactions over the Internet. Rather than initially compete
with the large UK-based betting exchanges, such as Betfair, which reportedly handles
more than US$100 million in bets each week, UBA has adopted a Mini-Ubet exchange
model to provide select event betting to licensees worldwide.
UBA will privately brand a betting exchange site to suit every licensee's requirements.
UBA, through its wholly owned subsidiary, Ubetanything.com, will provide all functionality
and back-end support to qualified licensees. The software is supported with secure
online payment systems, database management, multi currencies and languages, and
customer service, for a complete solution. The individual licensees will be responsible
for their own marketing in order to attract, build and maintain their client base.
Forward-Looking Statements:
With the exception of historical information, this news release and accompanying
information may include forward-looking statements that involve a number of risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various risks. There are numerous factors that could contribute
to such differences, therefore such projected events and anticipated results are
not warranties or guarantees that such events will occur or that the Company will
achieve such results. For more information about this corporation, please see
these companies' websites.
Contacts
UBA Technology Inc.
Robert Danard, President & CEO
604-726-2440
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www.ubatechnology.com
www.ubetanything.com |
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