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FLUXX AG acquires majority in SPORTWETTEN.DE AG

FLUXX AG / Acquisition

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FLUXX AG acquires majority in SPORTWETTEN.DE AG

- FLUXX holds 59.6 percent of the shares in SPORTWETTEN.DE AG
- Earnings effect of EUR 2.0 million targeted for 2008 financial year

Altenholz, January 16, 2008 – The gaming specialist FLUXX AG (ISIN
DE000A0JRU67) has successfully clinched the voluntary takeover bid to the
sharedholders of SPORTWETTEN.DE AG (ISIN DE0005488514 und ISIN
DE000A0EPT67), one of the biggest agents for horse betting in Germany.
After the extended deadline for acceptance FLUXX AG now holds 59.6 percent
of the shares in SPORTWETTEN.DE AG. FLUXX does not exclude the possibility
that it will increase its interest yet further independently of the
takeover bid.

'We are delighted that the majority of SPORTWETTEN.DE shareholders accepted
our offer,' remarked Rainer Jacken, Management Board spokesman of FLUXX AG,
who described the take-up rate of 59.6 percent as a 'precision landing'.
'Our aim was to acquire a majority interest so that SPORTWETTEN.DE AG could
be fully consolidated – while at the same time preserving our liquidity.'
 
Rainer Jacken added: 'Nothing now stands in the way of close collaboration
between the two companies. We want to exploit synergy potential in the
horse betting sector to the full in the current year, with the effect of
boosting earnings by around an additional EUR 2.0 million in 2008.

By closely dovetailing betting activities, FLUXX hopes to achieve high
revenue synergies and improved profitability. Cost savings should prove
possible particularly in the sales, marketing and administration areas,
among other reasons because the two competitors are now no longer in
competition with each other.

About FLUXX:
FLUXX is a company specialising in the handling of lotteries and betting,
with registered office in Altenholz, near Kiel. The necessary rights and
licences and the technical and market-relevant expertise place FLUXX in a
position to be able to arrange any form of licensed gaming for consumers,
using a variety of sales channels. In addition to self-marketed services
such as JAXX and myBet, FLUXX makes its products and services available to
other companies with extensive customer contacts. These include AOL,
Freenet, Lycos, Yahoo!, Premiere, Burda and SCHLECKER. FLUXX AG has been
listed on the Frankfurt Stock Exchange (Deutsche Börse) since September
1999 (ISIN DE000A0JRU67); the group currently has 150 employees.


Contact:
FLUXX AG
Investor Relations & Corporate Communications
Stefan Zenker
Tel. +49 (40) 85 37 88 47
Fax +49 (431) 88 10 44 0
Mail stefan.zenker@fluxx.com


16.01.2008  Financial News transmitted by DGAP
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Language:     English
Issuer:       FLUXX AG
              Ostpreußenplatz 10
              24161 Altenholz
              Deutschland
Phone:        +49 (0)431 88 104-0
Fax:          +49 (0)431 88 104-40
E-mail:       info@fluxx.com
Internet:     www.fluxx.com
ISIN:         DE000A0JRU67
WKN:          A0JRU6
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 
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