EXHIBIT 1
PRESS RELEASE | 25 OCTOBER 2005 |
WORLD GAMING PLC
Trading Halt on OTC Bulletin Board
In accordance with the information contained in the press release issued earlier today by World Gaming in connection with the proposed conditional transaction, World Gaming has been advised that effective 12:03 p.m. EST, October 25, 2005, trading in the ADRs has been halted by the NASD for five trading days. The NASD has indicated that the halt was initiated in conjunction with the trading suspension of World Gaming’s ordinary shares for regulatory reasons on the AIM.
Enquiries:
World Gaming plc Daniel Moran, Chief Executive
Daniel Stewart & Company Ruari McGirr
Bishopsgate Communications Limited Maxine Barnes Dominic Barretto
|
Tel. +1 888 883 0833
Tel. +1 44 020 7776 6550
Tel: +1 44 020 7430 1600 |
ABOUT THE WORLD GAMING GROUP
World Gaming is a UK based holding company whose subsidiaries participate in I-gaming software and e-business. The World Gaming Group is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about the World Gaming Group, visit its main website at www.worldgamingplc.co.uk.
Interactive Systems Inc., a subsidiary of World Gaming is incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Alea Software Inc., in participation with the World Gaming Group develops gaming software and web pages.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
We make certain forward-looking statements in this document within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. To comply with the terms of the safe harbor, we note that a variety of factors could cause our actual results and experience to differ substantially from the anticipated results or other expectations expressed in our forward-looking statements. When words and expressions such as: “believes,” “expects,”“anticipates,” “estimates,” “plans,” “intends,”“objectives,” “goals,” “aims,” “projects,”“forecasts,” “possible,” “seeks,” “may,”“could,” “should,” “might,” “likely,”“enable” or similar words or expressions are used in this document, as
4
well as statements containing phrases such as “in our view” “there can be no assurance,” “although no assurance can be given” or “there is no way to anticipate with certainty,” forward-looking statements are being made. These forward-looking statements speak as of the date of this document.
The forward-looking statements are not guarantees of future performance and involve risk and uncertainties. These risks and uncertainties may affect the operation, performance, development and results of our business and could cause future outcomes to differ materially from those set forth in our forward-looking statements. These statements are based on our current beliefs as to the outcome and timing of future events, and actual results may differ materially from those projected or implied in the forward looking statements. Further, some forward-looking statements are based upon assumptions of future events which may not prove to be accurate. The forward-looking statements involve risks and uncertainties including, without limitation, the risks and uncertainties referred to in our filings with the Securities and Exchange Commission, including our most recent Form 20-F.
We undertake no obligation to publicly update or revise any forward-looking statements as a result of future developments, events and conditions outside of our control. New risk factors emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the impact of all such risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ significantly from those forecast in any forward-looking statements. Given these risks and uncertainties, investors should not overly rely or attach undue weight to our forward-looking statements as an indication of our actual future results.
5