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mybet Holding SE and UMT United Mobility Technology AG sign Letter of Intent to develop a new payment and customer loyalty programme

DGAP-News: mybet Holding SE / Key word(s): Alliance

08.12.2017 / 13:02
The issuer is solely responsible for the content of this announcement.


mybet Holding SE and UMT United Mobility Technology AG sign Letter of Intent to develop a new payment and customer loyalty programme

Berlin, 8 December 2017. The Management Board of mybet Holding SE signed a Letter of Intent with UMT United Mobility Technology AG ("UMT"). As white label technology provider UMT operates one of the largest mobile payment platforms in Europe. In addition, UMT offers to its customers services from the field of customer loyalty programmes and smart data along the whole value chain by utilization of the blockchain technology.
The Letter of Intent defines the framework for a cooperation of UMT and mybet to develop and implement an innovative payment solution for the gambling offering of mybet. In this context especially a new customer loyalty programme shall be created that is connected to the payment processing.

The overarching objective of the cooperation is to generate an economic advantage for both companies. At mybet the the electronic payment services and the customer loyalty programme from UMT connected to them shall support the expansion of the customer base and shall create competitive advantages. In addition, the Letter of Intent includes an offer by UMT to invest EUR 500,000 into the new customer loyalty programme to incentivise the use of the UMT payment solution by mybet customers.
The white label technology provider UMT would expand its customer base by the cooperation and would provide the technology infrastructure by means of blockchain solutions to mybet as the first gambling provider in Europe to be able to offer and process innovative payment functions in the future. Moreover mybet assesses the possibility to implement further offerings of UMT in the field of electronic payment processing.

The negotiations and the detailed project planning as well as the assessment of the technical feasibility will be started in short notice. Both companies aim at starting the new customer loyalty programme on 1 February 2018, in case both the negotiations for a contract and the technical work can be completed successfully until this point in time. This starting date would also be the intended time of the payment of the investment from UMT to mybet. But, the signed Letter of Intent does not oblige the companies to enter into a binding contract for cooperation and allows both parties an unilateral withdrawal from the project at any time.

mybet Holding SE
The mybet Group, licensed in several European countries to offer sports betting and online casino games, has its registered office in Berlin and locations in Cologne and Malta. mybet offers its betting and gaming products over the internet platform mybet.com as well as at land-based betting shops operating under a franchise system. In addition, the group supplies regional betting providers in Europe and Africa as a B2B service provider.
mybet Holding SE is the parent company of the mybet Group. The shares of mybet Holding SE (ISIN DE000A0JRU67) are listed on the Frankfurt Stock Exchange in the Prime Standard.
For further information, visit www.mybet-se.com | www.mybet.com | www.mybet-shop.com

Contact
mybet Holding SE
Sebastian Bucher
Investor & Public Relations

tel +49 30 22 90 83 161
fax +49 30 22 90 83 150
e-mail sebastian.bucher@mybet.com



08.12.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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