WGMGY - Online Gambling auf Siegeszug! - 500 Beiträge pro Seite

[How much]

WorldGaming WKN (676315) Symbol USA ( WGMGY)





Homepage -->http://www.worldgaming.com

Bei Worldgaming handelt es sich um eine Software Schmiede die sich im Bereich Online Casinos, Online Sportsbooks und Online Horseracing etabliert.

Hier einige Seiten die mit der Software von Worldgaming laufen:

http://www.sports.com
http://www.betonusa.com
http://www.sportsbook.com
http://www.wallstreet.com

insgesamt gibt es im Moment 15 Lizenznehmer die zusammen mit Sublizenznehmern circa 1500-2000 Seiten im Internet mit Worldgaming Software betreiben!

Worldgaming ist prozentual am Gewinn jedes einzelnen Lizneznehmers beteiligt.

Schon bei den nächsten Q-Zahlen am 4 Nov. ist mit einem positiven Ergebnis zu rechen , was Worldgaming schnell in den Bereich um die 1$ katapultieren wird!

Einer der größten Lízenznehmer ist das bösennotierte Unternehmen Sportingbet. Sie halten selber circa 45% an Worldgaming.

Der FreeFloat an Aktien beträgt somit circa 23 Mio Aktien!

Große Restrukturierungsmassnahmen sind in den letzten Wochen erfolgt,so dass Worldgaming bestens für die besten Monate im Online Gambling Markt aufgestellt ist. Die Umsätze im Bereich Wettaufkommen ( Sportsbooks) , werden in dn laufenden Monaten enorm anziehen! Ich sage nur Fotball-Saison, mit dem Highlight zum Schluss dem Superball.

USA-Board: http://www.ragingbull.com

bei Symbol: WGMGY eingeben

hier kann man den Wert die nächsten Monate zusätzlich gut beobachten und sich zusätzlich mit Investoren weltweit austauschen.

Kurziel:

Das Kurzziel sollte bei 1,50-2$ bis 31.04.2004 liegen.

Weitere Infos werden hier nach und nach zusammengetragen!

[How much]

Barchart.com gibt 100% buy für Worldgaming

http://quotes.barchart.com/texpert.asp?sym=wgmgy&code=BSTK

[How much]

Falls jemand mehr Fragen hat oder mehr über das Unternehmen in Erfahrung bringen möchte, hier die E-Mail Adresse direkt zu jemanden von der IR-Abteilung:

[e-mail]

Man bekommt eigentlich sehr schnell Antwort!

[buy]

Der Chart allein spricht Bände und bedarf keiner Erklärung

Strong
buy

[Broker78]

Charttechnisch ergibt sich ein Kaufsignal erst bei 0,50 USD. Was mich etwas beunruhigt sind die niedrigen Umsätze bei steigenden Kursen!

Ansonsten interessante Story!



Gruß,
broker78

[reimerlue]

Broker,

Charttechnik ist bei diesem Wert mit grösster Vorsicht zu geniessen. Das Baby kann jederzeit ausbrechen aber deine 0,50 werden wir schon in den nächsten Tagen sehen, wenn nicht gar schon heute. Kaum jemand ist zur Zeit bereit zu verkaufen, denn Die Zahlen stehen an und diese werden einen definitiven Indikator über das Wachstumspotential abgeben. Dieser Wert hat nach vielen Höhen und noch mehr tiefen den Turnaround geschafft.
Solide Umsätze mit Wachstum und reduzierten Overhead Kosten bei einer Umsatzmarge von 90 % . Zur Zeit abrbeite die CO Break even mit positiven cashflow.
Das heisst, werden 1 Mio + Umsatz gemacht ( was schon in 3. Q möglich wäre, bleiben bei festen Fixkosten unten rd. 900 TUSD über. Das wären dann 2-3 Cent /Aktie. Ich rechne zwar mit nur 1 cent + /Aktie, aber da das 4 te Quartal das stärkste überhaupt wird, sollten wir ca 3-5 Cent dieses Jahr erreichen. Und das nach Restrukturierungsmassnahmen.
Kurs um die 1 USD werden wir dieses Jahr noch sehen, wenngleich diese natürlich nur die Spitze darstellen dürften. Downside ist 0,30 schon jetzt die untere Marke gewesen. Fällt uns nicht der himmel auf den Kopf, dann ist das die absolut untere Grenze.
Der größte Aktionär und gleichzeitig größte Lizenznehmer Sporting Bet hat sich nicht umsonst beteiligt ( wenn auch zu einem Spotpreis)

Viel Glück wünsche ich allen

Reimer

[How much]

Der FreeFloat scheint im Moment sehr gering zu sein, den die Makler müssen schon bei kleineren Umsätzen das Bid kontinuierlich nachziehen.

Es ist klar zu erkennen, das sehr viele Aktien in den letzten 12 Monaten in feste Hände gewandert sind und diese Leute werden nicht zu Spotpreisen verkaufen.

Marktkapitalisierung von WGMGY im Moment -> 19,32 Mio $

Werte wie z.B.(gleiche branch)

CRYP 138 Mio $
UBET 79 Mio $

WGMGY müsste wenn man die Umsätze vergleicht locker eine Marktkapitalisierung von 35-40 Mio $ zugesprochen bekommen.

würde einem Kurs von 0,80-0,95 $ entsprechen

Diese Unterbewertung wird in Kürze ausgeglichen.


Da WGMGY in Deutschland sehr markteng ist , rate ich jedem neuen Investor in US zu ordern. Aber auch das Handelsvolumen in Deutschland wird in Kürze merklich zulegen.

Rechne mit 500.000-1.000.000 Aktien Volumen in US in kürze pro Tag! Dann werden auch hier in Deutschland wieder so circa 100.000 Stück pro Tag gehandelt.

[echtzeit]

 
Bids + Asks :
http://www.otcbb.com/asp/mp_quotes.asp?Sort=4&Quotes=wgmgy&B…


WG Vergleich mit CRYP + YOUBET
http://finance.yahoo.com/q/co?s=WGMGY.OB

[reimerlue]

Mein Tipp heute ..

Eröffnung bei 0,47 ca.


Intraday bis 0,50 hoch
Schluss bei 0,48-0,49
Volumen 150-200 k ;-)


wer tippt besser ?

[borti]

Schätzungen für Q3:

Aufgrund der Java Games rechne ich mit schönem Umsatzwachstum

Umsatz : 3,8-4,2 Mio:
GM : 90%
Kosten : 3 Mio
Gewinn : 420k - 780k!!

Für Q4 mit ähnlichem Kosten schätze ich mal Umsatz um die 6 Mio Dollar. Den Gewinn könnt ihr dann selber ausrechnen!

[buy]

bid 43, ask 46...50 wir kommen

[mr.big80]

Hallo Leute,

die Idee, diesen Thread nur für die Fakten zu nutzen find ich klasse, deshalb bitte hier keine Kommentare, Bid/Ask Kurse oder sonstiges Posten !!!

Bitte nur:

wichtige Links,
PR/News
evtl. Charts
... was halt wichtig ist !

Zum besprechen, können wir ja den alten Thread nutzen !

Dank Euch

mr.big80

[buy]

51 cent wieder 52 wochen hoch wieder erreicht und es geht erst los

[Mickey Mouse]

Hier ein schöner Link mit direktem Vergleich amerikanischer Spiele Aktien:

http://finance.yahoo.com/q/cq?s=BIGR.OB+CWH.V+CRYP+DCEG.PK+G…

[How much]

Volumen in USA noch viel zu niedrig!

Jeder der vor hat in USA Aktien von WorldGaming vor dem Ausbruch Richtung 0,75-1$ zu kaufen , sollte sein Limit bei 46 Cent plazieren und gegebenenfalls bei steigenden Volumen mit anziehen.

Am Freitag wird sich der erste Anhaltspunkt ergeben wie die Zahlen von WorldGaming ausfallen werden, da der größte Lizenznehmer Sportingbet seine Zahlen melden wird! Sind selber börsennotiert!

Die Käufe der letzten beiden Tage lässt af Insider der Branche schließen zu denen die Zahlen anscheinend schon durchgedrungen sind!

WorldGaming Strong Buy aber mit Limit arbeiten!

[How much]

Weitere Kosten werden eingespart ab Ende des Monats! Video Streaming bei Pferdewetten wird eingestellt!

Es sieht nach voller Fokusierung auf Casino und Sportsbook aus! Die Gewinnzone steht vor der Tür!

Hier die Quelle! IR von Worldgaming:

Whilst as a matter of principle, the investor relations function does not respond to comments made on bulletin boards, I can confirm that it is the Group`s intention to suspend video streaming. Video streaming was unavailable on the larger tracks and low volumes were being achieved on tracks that did utilise the product. The costs including bandwidth and other maintenance therefore far outweighed any benefits. This was decided in direct consultation with relevant licensees and will be open for reconsideration as and when demand requires.

We will be providing a full update in our third quarter press release, due to be distributed on November 4, 2003.

Regards
David Naismith

[How much]

Video Streaming läuft über die Software von AKAMAI!

zu sehen unter http://www.worldbroadcasts.com

und ich denke mal die werden einen schönen Betrag jeden Monat dafür bekommen. Diese Kosten werden ab nächsten Monat eingespart.

In irgend einer PR stand das mal das Akamai das Video Streaming übernahm finde das aber im Moment nicht. Vielleicht standen da auch die Konditionen, dann könnte man schon mal sehen wieviel angespart werden kann.

Sehe das Ganze sehr positiv an. Solange die Kriegskasse noch nicht gefüllt ist, sollte man sparen wo es geht und sich auf die Grundsäulen des Unternehmens konzentrieren.

[How much]

Die Programmierer Schmiede von WorldGaming --> Inphinity stellt weiter Leute ein.

Career Opportunities

Inphinity Interactive is presently looking for talented individuals for the following positions:


• Senior Software Engineer - 2 Positions

Please click on a position for a detailed description.

Interested in joining Inphinity? Why wait!
E-mail a cover letter and your resume to [e-mail].

Quelle:http://www.inphinity.com/careeropp.html

[betonwgmgy]

@ How much
1500 - 2000 Seiten ? Ich glaube da ist eine 0 zuviel.
guckst du hier: www. worldgamingportal.com
- ca. 200 Seiten

[mr.big80]

Stellt doch mal bitte den Link von www.worldgamingportal.com rein.

Danke

[buy]

Heute wenig vol, aber im +

buy

[How much]

Morgen kommen Zahlen bei WorldGaming

nach dem heutigen Volumen in US scheint es so als ob sich Insider eindecken würden!

Symbol in US : WGMGY

[SaveEarth]

Wo sind die Zahlen?


"
Morgen kommen Zahlen bei WorldGaming

nach dem heutigen Volumen in US scheint es so als ob sich Insider eindecken würden!

Symbol in US : WGMGY"

[borti]

Zahlen wurden am 4.11 veröffentlicht, warne jedoch nicht der Hammer, da die Sportsbookquoten sehr mies waren . Hier die News! Aber das wichtigste ist, das neue Games entwickelt werden, einige Major Klagen aufgehoben wurden und ja noch das beste Quartal des Jahres ansteht! Das heißt, das wg das erste mal Gewinne in einem Jahr verzeichnen wird. Wachstums und Kurspotential nach wie vor enorm.

WORLD GAMING PLC REPORTS THIRD QUARTER RESULTS

LONDON, UK, November 4, 2003 - World Gaming plc (OTC BB: WGMGY), a UK-based Internet-gaming software and e-business services group of companies (the "Group), is pleased to report financial results for the three and nine months ended September 30, 2003.

Highlights

Year to date profit $24,000 vs. $4,754,000 loss for the same period last year.
Net loss for the quarter $181,000 vs. loss of $903,000 for the same period last year.
Royalty revenue up 5 percent from the same nine-month period last year.

Operating expenses down 26% from the same nine-month period last year.

Settlement of Sinsational Intertainment legal claim.

Settlement of a significant capital lease obligation.

Highest system uptime in Group`s history.
New products scheduled for release.


Fiscal results

Total revenues for the quarter ended September 30 were $2,818,000 compared to $3,558,000 for the same period last year. This 21% decline in revenues in the quarter is directly attributable to the poor net win achieved by our licensees towards the end of the quarter and controlled system downtime in July due to the upgrade of the Group`s operating platform.
Net loss for the quarter ended September 30, 2003 was $181,000 or $0.01 loss per share compared to a net loss of $903,000 or $0.03 loss per share for the corresponding period last year. Net profit was $24,000 for the nine months ended September 30, 2003 or $0.01 per share compared to a loss of $4,754,000 or $0.14 loss per share for the corresponding period last year.

The Group experienced a 24 percent decrease in royalty revenues in the quarter when compared to the same period last year. In the quarter, stronger licensee player winnings, specifically towards the end of the quarter and controlled system downtime as a result of the Oracle 9i software upgrade each contributed to this decline. However, for the nine months ended September 30, 2003 royalty revenues are exceeded last year by 5%.

Subsequent to the end of the quarter, licensee net win primarily on sports, have exceeded Management`s expectations. Furthermore, volumes are now exceeding last year in both deposits and wagering.

Assisted by enhanced product offerings and the release of the Group`s new Casino 3.3.1 product, the value of average amount wagered with licensees continued to climb a further 8% in the quarter when compared to the same period last year. Several of our larger licensees` businesses continue to show strong year-on-year growth.

Transaction processing revenues increased 152% for the three-month period to $346,000 from $137,000 during the same period last year. The increase in transaction processing revenues has been achieved through the implementation of a revised pricing structure for this service. The revised pricing structure has resulted in full cost recovery in this area, whereas this area of the business has historically resulted in losses. The Group currently processes less than 6% of total deposit volume on behalf of licensees. Transaction processing remains a challenging area of the business.

There was no revenue from new licenses for the quarter as the Group continued to focus on existing licensees. As the enhancement of its platform and product suite continues, the Group expects to widen its focus to once again include marketing to new licensees, but only to the extent the Group is in a position to fully support such licensees.

The gross margin for the quarter was 87.4 percent as compared to 90.4 percent for the same period last year. The reduction in gross margin is primarily a result of lower royalty revenue due to weaker licensee net winnings, particularly at the end of the quarter from the Sportsbook product. In addition, the increase in revenues from transaction processing due to greater volumes contributed to the lower gross margin in the quarter as direct costs as a percentage of these revenue sources are typically higher than those associated with royalty revenue.

Operating expenses decreased 26 per cent to $2,948,000 during the second quarter of 2003 compared to $3,989,000 for the same period last year. The primary contributors to this reduction were:


- $Nil bad debts in the quarter compared to $222,000 for the same period last year due to improved due diligence procedures and risk sharing with licensees;
- a 45% reduction in corporate overhead or $494,000, primarily in the areas of salary costs and communications;
- the elimination of the Group`s direct sales force team, completed in the third quarter of 2002, contributing to $189,000 of costs during the second quarter of 2002.

Professional fees were substantially higher in the quarter, directly as a result of advice obtained in respect of inherited legal issues.

Subsequent to the end of the quarter, the Group made significant progress in settling a substantial outstanding legal dispute with Sinsational Intertainment. The terms of this settlement involves the agreement by Sinsational Intertainment to terminate all of its claims against the Company in exchange for which the Company will not further pursue its claims against Sinsational Intertainment. Any amounts owed to the Group by Sinsational Intertainment had been provided for in full in the quarter to June 30, 2003.

In addition, the Company resolved issues relating to an outstanding equipment lease with EMC Corporation. At the time of settlement, EMC had indicated an amount equal to $1,500,000 CAD may have accrued. This was settled in full for $300,000 by an upfront payment of $100,000 with the remainder payable in equal instalments over twelve months.

The result of settlement of the above claims has given rise to write-back of $274,000 of amounts previously accrued in respect of the equipment lease.



Selected statement of operations information (unaudited, in thousands)


For the three months ended For the nine months ended
September 30, 2003 September 30, 2002 September 30, 2003 September 30, 2002

Net Sales $ 2,818 $ 3,558 $ 10,341 $ 10,734
Gross Profit 2,464 3,217 9,081 9,483
Operating Expenses 2,948 3,989 9,772 14,211
Net(Loss)/Profit (181) (903) 24 (4,754)

Operational update

Throughout the third quarter, The Group experienced the highest level of system and network uptime in its history. This is directly attributable to the work performed before the start of the football season in upgrading the Oracle Database and network infrastructure.

Several areas of the business remain under review. Those areas requiring enhancement or those that are not congruent with the Group`s core business will be restructured over the coming 6 months. Any restructuring will stem from a focus on delivery of quality products on a timely basis to our licensees.

In keeping with the Group`s commitment to deliver an enhanced product suite, a new concept in on-line gaming called Virtual Games will be released to our licensees in the fourth quarter of 2003. These games have proven to be very successful in the European market and will add an additional revenue stream to the Group that is less susceptible to seasonal fluctuations.

The Group remains committed to delivering an expanded horseracing product, the timetable for which has extended beyond Management`s expectations due to supplier-based matters. These matters have now been rectified and further stages of development have commenced.

In addition, the Group is investigating delivering a multi-player poker product in 2004.

Daniel Moran, World Gaming`s CEO commented:

"The Group has undergone an extremely busy period in dealing with inherited issues that were of direct detriment to the Group`s viable future. The resolution of many of these issues, in particular those of a litigious nature, are extremely positive and dissipate a significant distraction to Management. The Board`s resolve to grow the business through enhanced products and infrastructure remains and a culture of heightened fiscal responsibility is strengthening the Group`s financial position."

SEC filing
The company has today filed its Form 6-k in respect of the three and nine months ended September 30, 2003 with the U.S. Securities and Exchange Commission. Full details of this filing are available for viewing at www.sec.gov.



Corporate background
World Gaming PLC is a UK-based I-gaming software and e-business services Group. The Group is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about World Gaming PLC, visit the Group`s Web site at www.worldgamingplc.co.uk.

Starnet Systems International Inc., a subsidiary of the Group incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly owned subsidiary of the Group develops gaming software and web pages.

Contact: Investor Relations

World Gaming plc

[e-mail]

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 harbour for forward-looking statements. To comply with the terms of the safe harbour, 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 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.

[How much]

Konsolidierung bei WGMGY scheint abgeschlossen!

Der Wert sollte in den nächsten Tagen neue Jahreshochs erreichen können.

Wer in den USA handlen kann sollte die jetzigen Kurse zum Einstieg nutzen!

Symbol US --> WGMGY

hier unter 676315 handelbar

[How much]

[How much]

Our system recommends BUY as of today. Previous SELL recommendation was made on 1/5/2004 (1) days ago, when the stock price was 0.440. Since then the stock gained 6.82% .

Today the stock closed higher, at its high (sign of strength) with a higher high and a lower low (sign of increase in volatility). The volume is extremely low. The security price is trending up.


Long-term trend is bullish and the correction is over. A new rally has started, and now it is the right time to buy this stock and hold it until the next SELL signal.

Today’s Candlestick Patterns:
White Marubozu


Today a White Marubozu formed. Buyers have controlled the price action from the first trade to the last trade. Be careful, this may lead to excessive bullishness!


http://www.americanbulls.com/main/StockPage.asp?CompanyTicke…

[How much]

http://biz.yahoo.com/prnews/040126/to117_1.html

World Gaming plc announces fourth quarter trading statement
Monday January 26, 7:02 am ET


LONDON, UK, Jan. 26 /PRNewswire-FirstCall/ - World Gaming plc. (OTC BB: WGMGY), a UK-based Internet-gaming software and e-business services group of companies (the Group), is pleased to announce a trading statement in respect of its fourth quarter ended December 31, 2003.
Highlights

- Strong net win achieved by the Group`s licensees.
- Continued stability in the Group`s operating platform.
- Earnings per share before interest and depreciation expected to exceed
9 cents per share full year (2002: loss per share 7 cents).
- Stable operating cost base maintained.
- Restructuring initiatives commenced within the Information Technology
division.
- Successful launch of the Virtual Games product suite.
- Concentrated development efforts on horse-racing product suite.

Trading Update


The fourth quarter is historically our Licensees` busiest trading period facilitated primarily by the US based sporting calendar. In addition, the casino product suite also increases significantly in volume of wagers.

Throughout the second and third quarter the staff and management worked vigorously to ensure that both the Group`s product and infrastructure was sufficiently able to handle the busy winter sports calendar. The Board invested in a new Oracle 9i platform, enhanced its casino product suite and invested significant resources in creating a stable and reliable operating environment. This strategy would best allow our Licensees to increase volumes and market share during this period.

As a result of this ongoing strategy together with strong net win by our Licensees, the Board is pleased to announce that all key performance indicators of the Group exceeded budgeted expectations.

In summary, earnings per share before interest and depreciation for the quarter are expected to exceed 6 cents per share (2002: 5 cents per share). Full year earnings per share before interest and depreciation are expected to exceed 9 cents per share (2002: loss per share of 7 cents).

Earnings per share after interest and depreciation for the quarter are expected to exceed 5 cents per share (2002: 3 cents per share) and exceed 5 cents per share full year (2002: loss per share of 16 cents).

Earnings per share estimates are on the basis of unaudited financial statements. The Board anticipates releasing the Group`s audited financial statements together with its 2003 20-F SEC filing on April 5, 2004.

Operational Update

Consistent with the planned release date, the Group launched the Virtual Games product suite during the quarter. The uptake by licensees has been progressive with further licensees expected to take the product live in the first quarter.

As discussed in our release for the third quarter, the Board has continued its review of areas within the business that require enhancement, or those that are not congruent with the Group`s core business. We have commenced a restructuring program within the Information Technology and Development area of the business to ensure focus on delivery of quality products on a timely basis to our licensees.

Further stages of development have been completed for the delivery of an expanded horseracing product. The release date is expected towards the end of the first quarter of 2004.

The Group has begun talks with a third party to enable delivery of a multi-player poker product for the summer of 2004. Development is expected to commence within the first quarter of 2004.

Daniel Moran, CEO stated:

"The results for the year are encouraging. During the year the new Board has worked towards constructively dealing with matters that were of direct detriment to the Group`s viable future. As we deal with these matters and improve efficiencies within the business, the results begin to present themselves through improved trading and a strengthening balance sheet position.

The development schedule for 2004 provides exciting new product opportunities for our licensees. We are committed in continuing to enhance the Group`s product and infrastructure to enable our licensees to grow their businesses."

Corporate background

World Gaming PLC is a UK-based I-gaming software and e-business services Group. The Group is an international developer, licensor, and provider of online gaming products, including casino, sportsbook, and pari-mutuel betting. For more information about World Gaming PLC, visit the Group`s Web site at www.worldgamingplc.co.uk.

Starnet Systems International Inc., a wholly-owned subsidiary of the Group incorporated and operating out of Antigua, licenses its gaming software to third parties for an initial licensing fee and monthly royalties. Inphinity Interactive Inc., a wholly owned subsidiary of the 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 harbour for forward-looking statements. To comply with the terms of the safe harbour, 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 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.