Net Entertainment Agreement

May 6, 2008

Net Entertainment has announced that they have signed a deal with Glimmer Ltd. that would have them provide them with their CasinoModule online gambling system. The system would go into play for this year, which would allow them to go into the online gambling industry sooner rather than later.

As Glimmer is a well established land based casino, they feel that the rational progression for their company is to move to the online gambling world, and open some online casinos. They will be able to take on that expansion with the help of Net Entertainment.

Johan Ohman, CEO for Net Entertainment says that their history shows their strengths. They have “signed 18 new license agreements” last year alone, which only adds to their presence in the market. They say that they have some “key operators” that are now signed with the company – and that helps them as well.

They say that by investing in research and development they have been able to grow their business, and has allowed them to “secure their position” in the online casino world. They are a strong company with a great history, so they know that they are a force to be reckoned with in the online gambling industry.

They also point out the strength of this partnership with Glimmer, in that their shares jumped as soon as the announcement was made.




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