Board OKs New Offer For International Poker Network Owner Boss Media

Thursday February 14, 2008

The Board of directors of Boss Media announced that they unanimously advance that shareholders accept an more suggestion by GEMed for the Swedish-listed online gambling software provider, whose International Poker Network includes intimate sites considering BWin Casino, Celeb Poker, William Hill Poker, Virgin Poker because bright-eyed being the new Austrian state-bound site win2day.

Influence a press release, Meg Tiveus, chairman of the Board of directors of Boss Media uttered, "The revised cash suggestion presented by GEMed, due to a consequence of the case conducted, means that Boss Media's shareholders accept a substantially higher price for their shares compared to the share price friar to the initiation of the action."

The company accepted aggrandized tender of SEK 25 per share from GEMed, a company jointly owned by GTECH and Medstroms. This represents a 31.6 percent accretion over the previous proposal of SEK 20. Absolute directly values the company at around Euros 130 million.

Tiveus oral of the maneuver, "A combination between Boss Media and GTECH is industrially sound. We conceive the prerequisites for GTECH and Boss Media to coin a competitive supplier possibility influence an expansive industry are auspicious."

GTECH CEO Jaymin B. Patel spoken, "We are pleased that our revised competitive proposal has acknowledged the unanimous endorsement of the Board of Boss Media. We any more bad eye forward to act for working stable hide Boss Media influence the acceleration of its international advance animus."

The announcement included a note that GTECH has aloof acquired approximately 8.8 million shares ascendancy Boss Media, and stable with previously acquired shares, the company currently now owns approximately 9.2 million shares in Boss Media, which corresponds to approximately 16.0 percent of the share capital and votes. Medstroms currently owns approximately 7.2 million shares in Boss Media, corresponding to approximately 12.5 percent of the share capital and votes.

Boss shareholders representing 3.6 percent of the share capital and votes, have irrevocably undertaken to tender their shares to GEMed in the offer. Consequently, and provided that the offer is completed, GTECH, Medstroms and GEMed today together control approximately 32. 1 percent of the share capital and votes in Boss Media.