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Fluxx AG:FLUXX achieves EBITDA for quarter of EUR 1.7 million

FLUXX AG / Quarter Results

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FLUXX achieves EBITDA for quarter of EUR 1.7 million

- Revenue up 53 percent to EUR 14 million
- Sports Betting segment moves into profit for first time
- Successful expansion of syndicate business results in higher depreciation
and amortisation

Altenholz, May 8, 2007 – The gaming specialist FLUXX AG (ISIN DE000A0JRU67)
posted earnings before interest, taxes, depreciation and amortisation of
EUR 1.7 million for the first quarter of 2007. This compares with EBITDA of
EUR 881 thousand for the prior-year quarter and EUR 533 thousand for 2006
as a whole. Its successful progress in the first quarter was largely
attributable to the Sports Betting segment, which was able to make a
positive contribution towards pre-tax profits for the first time.

The revenue of the FLUXX Group was up 53 percent on the prior-year period
in the first quarter of 2007, from EUR 9.2 million to EUR 14.0 million. The
FLUXX Group's sports betting services generated revenue of around EUR 7.7
million. Lottery syndicate business likewise made very healthy progress.
The number of contracts was more than double the figure for one year
earlier. Handling fees were correspondingly up 41 percent on the previous
year, to EUR 4.3 million.

Online agency business has fallen appreciably due to the closing-down of
the internet services operated by FLUXX on behalf of the lottery companies
in Schleswig-Holstein, Brandenburg and Mecklenburg-Western Pomerania as a
result of the dispute over competition law. The overall betting stakes
handled fell by 34 percent to EUR 13.8 million. The total commission of EUR
1.2 million earned on these stakes was consequently around 35 percent down
on the prior-year quarter.

The expansion in syndicate business prompted a rise in depreciation and
amortisation to EUR 2.5 million in the first quarter of 2007. Earnings
before interest and taxes (EBIT) correspondingly fell from EUR -349
thousand in the first quarter of 2006 to EUR –792 thousand in the first
quarter of 2007. The net loss for the first quarter of 2007 was thus EUR
637 thousand. In the prior-year quarter, the FLUXX Group posted a slight
net profit of EUR 16 thousand.

The freely available cash position of the FLUXX Group improved slightly to
EUR 15.3 million. The equity ratio fell marginally to 67.6 percent.

Outlook

The future development in the 2007 financial year continues to depend to a
very high degree on the political decisions being made in connection with
the reorganisation of the German gaming market. Despite the EU Commission's
unequivocal criticism of the scheduled State Treaty on gaming, a majority
of Prime Ministers appears to want to uphold the draft treaty as it stands.
On the other hand, it is questionable whether it can command the necessary 
majorities for its ratification at the parliaments of the federal states.
The State Treaty would have to be ratified by the end of the year for it to
take effect on January 1, 2008.

With regard to its operations, during the remainder of the year FLUXX will
concentrate on expanding outside Germany and on rolling out
over-the-counter sales. Following the granting of a licence earlier on in
the year, sports betting activities are to be launched in the United
Kingdom mid-way through the year. The subsidiary myBet.com will further
expand its online service and the franchise network of sports betting
shops. FLUXX is furthermore currently analysing the scope for investing in
or acquiring further companies, predominantly in Southern and Eastern
Europe. FLUXX places the emphasis of any such measures on small, profitable
companies that will be a useful addition to the investment portfolio of
FLUXX AG by virtue of their market position.

In terms of revenue and earnings, FLUXX still expects double-digit growth
that will enable it to break even for 2007 as a whole.

Key figures for first quarter of 2007


                                    Q1/2007       Q1/2006       Change
                                    EUR '000      EUR '000
Gross sales                         27,850        30,204        -8 %
Betting stakes                      13,833        21,020        -34 %
Revenues                            14,017        9,184         +53 %
EBITDA                              1,703         881           +93 %
EBIT                                -792          -349          -103 %
Consolidated earnings               -637          16
Earnings per share (EUR)            -0.04         0.00



                                    31/03/2007          31/12/2006
                                    EUR '000            EUR '000
Net cash                            15,261              15,118
Shareholders' equity                38,521              39,035


The full report on the first quarter of 2007 will be published and made available for downloading in the course of today on the websites www.deutsche-boerse.com and www.fluxx.com. 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 the self-marketed services jaxx.de, jaxx.com, myBet.com and Telewette, FLUXX makes its products and services available to other companies and organisations with extensive customer contacts. These include the online services AOL, Freenet, Lycos and Yahoo! Espana, the pay TV station Premiere, the publisher Burda and the lottery companies in the states of Schleswig-Holstein, Brandenburg and Mecklenburg-Western Pomerania. FLUXX AG has been listed on the Frankfurt Stock Exchange (Deutsche Börse) since September 1999 (ISIN DE000A0JRU67); the group currently has 145 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 DGAP 08.05.2007 ---------------------------------------------------------------------- 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 www: www.fluxx.com ISIN: DE000A0JRU67 WKN: A0JRU6 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------