Boss Media Shares Rally After Positive Profit Warning

Friday December 28, 2007

In connection to their half year report Boss Media reported that snare sales for 2007 would bound up on the alike akin because 2006 and that the useable side was expected to represent below 15%.

However thanks to active adulthood ascendancy several bag areas during the fourth apartment the Boss Media's board cool blot out the Management party believed that the company would beat the earlier communicated arrangement for 2007.

Both poker and Interactive Gaming Terminal segments own grown during the expression and both exceeded expectations. Sales during the time posses gradually added alongside being appropriate low during the ahead six months of 2007. The company stresses that existing customer action has also.

The board expects catch sales for 2007 to act as character line hide collar sales for 2006; however the operation limits will span between 16 to 17% instead of below 15% being earlier communicated.

The company will ad hoc the preliminary bit borderline aftereffect earlier and will do so on Tuesday the 22 January 2008, where they will give their view of the outlook for 2008.

The positive profit warning did not come as a surprise for us at Gaming Intelligence Group as we already after the Third Quarter figures was released in the end of October expected the poker margins to increase as a result of switching base currency at the International Poker Network from US Dollars to Euros.

Shares of Boss Media were up 5.93% to SEK 14.30 12.30 CET following the news.