Datacash Group PLC
02 October 2006
FOR IMMEDIATE RELEASE
02 October 2006
DataCash Group PLC
US Congress passes Safe Port Act
The Board of DataCash Group has noted the share price reaction to the passing by
Congress of the Safe Port Act and makes the following comments:
The Group currently receives approximately 30% of its revenues from US
originated payments down from 45% in December 2005. For the avoidance of doubt,
the Group does not and has not supported sports book betting transactions
originating in the US. The Group strategy has been to reduce the dependence on
US gaming and further evidence of this trend can be shown by the growth rates of
the non-US gaming business as a percentage of DataCash's total growth pro rata
over the past 12 months, currently running at 74% compared to the US gaming
growth rate of approximately 26%.
DataCash Group has a wide sector diversification in its business, for example in
retail, travel and telecommunications and this is expected to continue to show
good growth, and is already benefiting from the growing requirement for
integrated international payment processing and comprehensive risk management
services provided by the DataCash Group.
It is impossible to quantify the impact of the Bill at this stage, but the
company also believes that the effect may be to generate new and enhanced
opportunities to the Group for its non-US payments processing and risk
management activities as gaming operators diversify into other geographic and
business areas.
END
For further information please contact
DataCash Group PLC
Paul Burton, Director +27 21 528 4501
Andrew Dark, Director +27 21 528 4544
Keith Butcher, Director +44 (0)870 727 4760
MJ2 Business Communications
Tim McCall / Stewart Harris +44 (0)20 7491 7776
This information is provided by RNS
The company news service from the London Stock Exchange