Business
Stmnt re Share Price Movement
Stmnt re Share Price Movement.
About this update from Globaldata Plc
[{"type":"text","content":"\n Datacash Group PLC\n02 October 2006\n\n\nFOR IMMEDIATE RELEASE\n02 October 2006\n\n\n DataCash Group PLC\n US Congress passes Safe Port Act\n\nThe Board of DataCash Group has noted the share price reaction to the passing by\nCongress of the Safe Port Act and makes the following comments:\n\nThe Group currently receives approximately 30% of its revenues from US\noriginated payments down from 45% in December 2005. For the avoidance of doubt,\nthe Group does not and has not supported sports book betting transactions\noriginating in the US. The Group strategy has been to reduce the dependence on\nUS gaming and further evidence of this trend can be shown by the growth rates of\nthe non-US gaming business as a percentage of DataCash's total growth pro rata\nover the past 12 months, currently running at 74% compared to the US gaming\ngrowth rate of approximately 26%.\n\nDataCash Group has a wide sector diversification in its business, for example in\nretail, travel and telecommunications and this is expected to continue to show\ngood growth, and is already benefiting from the growing requirement for\nintegrated international payment processing and comprehensive risk management\nservices provided by the DataCash Group.\n\nIt is impossible to quantify the impact of the Bill at this stage, but the\ncompany also believes that the effect may be to generate new and enhanced\nopportunities to the Group for its non-US payments processing and risk\nmanagement activities as gaming operators diversify into other geographic and\nbusiness areas.\n\n\n END\n\n\nFor further information please contact\n\nDataCash Group PLC\n\nPaul Burton, Director +27 21 528 4501\nAndrew Dark, Director +27 21 528 4544\nKeith Butcher, Director +44 (0)870 727 4760\n\n\nMJ2 Business Communications\n\nTim McCall / Stewart Harris +44 (0)20 7491 7776\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":2116,"tagName":"div"}]