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FLUXX doubles quarterly revenue

FLUXX AG / Quarter Results

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FLUXX doubles quarterly revenue

- Strong growth in Sports Betting segment
- Newly acquired SPORTWETTEN.DE AG achieves positive quarterly result
- State Treaty burdens core activity of lottery agency business in Germany

Altenholz, May 15, 2008 – The gaming specialist FLUXX AG (ISIN
DE000A0JRU67) succeeded in improving both its revenue and earnings
in the first quarter of 2008. Revenue doubled from EUR 14.0 million to
EUR 28.3 million. EUR 6.8 million of this amount was contributed by
SPORTWETTEN.DE AG, which is included in consolidation for the first time.
 The adjusted revenue growth was around 52 percent.

Earnings before interest, taxes, depreciation and amortisation (EBITDA)
were increased from EUR 1.7 million in the first quarter of 2007 to EUR 2.1
million in the first quarter of 2008. Whereas the investments acquired over
the past two years – myBet (sports betting, casino & poker), DigiDis
(lottery agent in Spain) and SPORTWETTEN.DE (horse betting) – were able to
make a positive contribution towards the result, the core activity of
lottery agency business in Germany was severely hampered by the new
regulations governing the gaming market. Since the start of this year the
State Treaty on gaming has made it more difficult both to market products
and to register new customers. There was consequently a quite substantial
drop in income from commissions and handling fees.

Despite the more difficult framework conditions, FLUXX succeeded in
improving its earnings before interest and tax (EBIT) from EUR -792
thousand in the first quarter of 2007 to EUR -377 thousand in the first
quarter of 2008. Consolidated earnings improved from EUR -637 thousand to
EUR -519 thousand. Some EUR 400 thousand of this loss is attributable to
start-up costs for the British subsidiary JAXX UK, which commenced trading
at the end of 2007. SPORTWETTEN.DE AG contributed around EUR 48 thousand to
the improved result.

After the acquisition of around 60 percent of the shares of SPORTWETTEN.DE
AG, monetary holdings at March 31, 2008 amounted to approx. EUR 11.2
million. The equity ratio is 60 percent.


The second quarter is expected to bring a rise in sales, above all in the
sports and horse betting areas. Although Europe's football associations are
about to take their summer break, the European Championship – one of the
year's top sporting events – will be taking place in Austria and
Switzerland at the start of June, and all betting platforms of the FLUXX
Group stand to benefit from this occasion. Business in the UK in
particular, which will become increasingly important in the future, should
acquire critical momentum as a result of the European Championship. The
investment-intensive start-up phase of JAXX UK is scheduled to be completed
by the end of the year.

Horse betting business will receive a boost on the one hand from the start
of the summer season and on the other hand from the forthcoming inclusion
of US races on the platform www.pferdewetten.de. There are also plans to
include the products of pferdewetten.de in the JAXX platform in the second
quarter, increasing the customer base for the horse betting products of the
newly acquired subsidiary SPORTWETTEN.DE AG more than ten-fold.

Amid the plethora of proceedings at administrative courts to consider the
lawfulness of closing-down orders against betting shops (most of which are
won by the shop owners), two dates in the next few weeks stand out: the
extended deadline for the Federal German government to submit a statement
of position to the EU Commission expires on June 2. The EU Commission had
made it clear at the end of January that it will bring an action before the
European Court of Justice if its criticisms of the new State Treaty on
gaming are not addressed.

On June 8 the Federal Supreme Court will then be announcing its verdict on
the competition dispute between the Federal Competition Authority and the
lottery companies, which are accused of anti-competitive practices. Even if
the proceedings are based on the old legislation, observers expect the
court to provide an indication of whether it considers the State Treaty to
be lawful. Reports suggest that in the oral proceedings held at the end of
April, the court had already voiced the opinion that particularly the ban
on lottery agency activities over the internet was clearly incompatible
with European law.

In light of the outstanding progress being made with European-wide
expansion and the forecasts for SPORTWETTEN.DE AG, which only today were
revised upwards, the Management Board expects to see a marked improvement
in cash flow over the next quarters, with profitability rapidly reached.
The Management Board of FLUXX AG confirms its forecast of double-digit
revenue growth for 2008 as a whole, along with a clearly positive result.

Key figures for first quarter of 2008

                                    Q1/2008       Q1/2007       Change
                                    EUR '000      EUR '000
Revenue (net sales)                 28,276        14,017        +102 %
EBITDA                              2,069         1,703         +21 %
EBIT                                -377          -792          -52 %
Consolidated earnings               -519          -637          -19 %
Earnings per share (EUR)            -0.03         -0.04

                                    31/03/2008          31/12/2007
                                    EUR '000            EUR '000
Monetary holdings                   11,185              13,808
Shareholders' equity                37,712              36,093
Equity ratio                        60 %                61 %

The full report on the first quarter of 2008 will be published and made available for downloading in the course of the day at www.fluxx.com. 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 15.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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 ---------------------------------------------------------------------------