NEW YORK, NY, Jul 22, 2008 (MARKET WIRE via COMTEX) -- TrackBets International, Inc. (PINKSHEETS: TRKB) is pleased to announce that the Company is further developing its marketing efforts and online presence with a new Web site, www.Track-Bets.com. The Company envisions the new Web site as the main portal of its online wagering activities, incorporating links to its advanced deposit wagering (ADW) online venues that will facilitate wagering on horse races in Brazil and the United States.
The TrackBets Web site will eventually include streaming information on races and wagering events and promotions. It is also expected to draw revenue from advertisements and links to additional wagering Web sites, simulcasts and on-site racing venues. Also on the Web site, the Company will include its extensive research on the Brazilian pari-mutuel (Off-Track-Betting) racing industry and the opportunities available in the thriving Brazilian wagering market.
"This is the next step in our overall plan to establish TrackBets as the premier source of online and pari-mutuel horse racing wagering. As we continue negotiations for our horse racing simulcast facilities in Brazil, we will utilize our online marketing efforts to create exposure for our company and increase opportunities for acquisitions and partnerships," stated John D. Samuel, CEO and President of TrackBets International, Inc.
TrackBets is continuing negotiations to create a joint venture that would enable it to distribute ADW through its Web site, facilitating wagering on horse races in Brazil and the United States. If completed, the joint venture would create revenue opportunities from wagering in the U.S. and Brazil, and possibly other countries in the future. Benefits of ADW include low cost to betters, the ability to build a fan base via Web sites, an inexpensive means to broadcast races in and outside the U.S. and the ability to add other features such as games, merchandise and wagering on other sports.
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.
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