RNS Number:9254G
betinternet.com PLC
02 November 2007



FOR IMMEDIATE RELEASE
02 November 2007




                              BETINTERNET.COM PLC
                        ("betinternet" or the "Company")


                                 AGM STATEMENT


At today's Annual General Meeting of betinternet, all of the tabled resolutions
were duly passed and the Chairman, Mr Denham Eke, made the following statement
regarding the Company's current trading position:

"The Company has continued to trade according to expectations during the first
quarter of the new financial year, with good revenues being achieved through the
casinos and fixed-odds games on the sportsbook platform, during a period when
football content was reduced.

Within the last week, the sportsbook has undertaken a substantial upgrade which
has enhanced the opportunities for our customers, with the introduction of
Starting Price betting to complement our existing UK and Irish horseracing
product, which we plan to start marketing within the next two weeks. We have
also added to our football offering with the introduction of Asian Handicap
multiple bets and made improvements to the betting slip and internal liability
management systems, as well as allowing for a better allocation and tracking of
promotional bets. I anticipate that these enhancements will increase the appeal
of our website and have a positive effect on the revenues achieved by the
sportsbook operation in the forthcoming months.

The board intends to continue to seek a strategic acquisition for our sportsbook
operation and this will remain an area of focus for the forthcoming year, but
not to the detriment of driving organic growth of our existing sportsbook
business.

European Wagering Services (EWS) has now secured a robust payment solution,
which is already assisting with the reactivating of accounts from those
customers who were unable to deposit following our recently documented banking
issues. The impact of these issues on the operation has been limited, due to the
nature of pari-mutuel betting and the composition of EWS' customer base and I
now expect that we will see a return to previous levels of revenue and
anticipate further growth thereafter.

Following today's shareholder approval, the board intends to change the name of
the Company to Webis Holdings plc, to more accurately reflect its role in the
group. It subsequently intends to re-organise the betinternet.com sportsbook
portal and the EWS pari-mutuel businesses, subject to regulatory approval. The
operations and trading names of both businesses will be unaffected by this
change.

The company anticipates announcing its interim results for the 26 weeks to 25
November 2007 in February 2008."