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ots Ad hoc-Service: Fluxx.com AG <DE0005763502> fluxx.com takes over tele-betting for German flat racing

Kiel (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
- Takeover of Telewetten GmbH - Availability of horsebetting via
"Telewette" n-tv show - Development of the largest cross-media
betting platform in Germany - Financing assured via a capital
increase
fluxx.com AG, of Kiel, has concluded a basic agreement with the
Cologne-based Directorate of Thoroughbred Breeding and Racing (DVR)
on the establishment of an extensive, exclusive partnership to market
horsebetting via the telephone and the Internet. The DVR is the
umbrella organisation of German flat racing, bringing together all
racing clubs, racecourses and horse breeding associations in Germany.
Through the agreement, fluxx.com will acquire a majority in the
Cologne-based Telewetten GmbH from DVR. This company, which
specialises in telephone-based horsebetting, generated total bets in
excess of DM 16 million in 1999. The marketing of tele-betting on
horse races will be promoted by the news television station n-tv. The
weekly "Telewette" feature is the only TV programme in Germany to
carry regular live reports on flat racing and to provide an
opportunity for placing bets by telephone on the races being covered.
This agreement makes fluxx.com the first and so far only company in
Germany to market and sell television-based betting on horse races by
Internet and telephone. fluxx.com has moreover been able to secure an
exclusive partnership agreement with DVR, the only official body in
this market. The agreement has yet to be approved by the executive
bodies of the DVR and the Supervisory Board of fluxx.com AG. The
financing of the transaction is more than covered by today's capital
increase of 50,000 shares from the approved capital of fluxx.com AG,
as a result of which the company's cash resources will not be
adversely affected. The Supervisory Board has approved the capital
increase, which takes the form of new shares placed with
institutional investors, excluding the subscription rights of
existing shareholders.

Contact:

fluxx.com AG, Investor Relations,
Stefan Zenker,
Tel.+49.40.85 37 88 47

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