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Monday, 7 December 2009, 18:24 HKT/SGT

Source: V1 Group Limited
VODone Aggressively Expands in the PRC Lottery Market

HONG KONG, Dec 7, 2009 - (ACN Newswire) - VODone Limited ("VODone" or the "Company"; stock code: 0082.HK), is pleased to announce that it is committed to expanding its business in upstream and downstream areas. Its lottery channel "LotteryView" ( http://www.caishijie.com/ ) has broadened its coverage to Sports Lottery and Single Match Sports Betting from only the Welfare Lottery in the past, thus covering all the lottery categories. At the same time, services such as lottery news, experts' advice forums, experts' lottery picks, lottery statistics charts and other practical news and services are now provided for lottery fans in China. VODone has also further been authorized by lottery centres in major provinces of China ie it has now established in-depth cooperation with lottery centres in 12 provinces of China. Furthermore, the "LotteryView" will very soon open channels for the Single Match Sports Betting category in Hebei and Guangdong Province, occupying the lottery market in China in an all-rounded way and achieving a new breakthrough in new businesses.

Single Match Sports Betting is a new lottery category in China, comprising some lottery categories for competitive sports from the original sports lottery and the newly developed lottery categories for competitive sports. It is the new lottery category launched by relevant authorities and demanded by the PRC lottery market to meet the huge expected betting demand arising from the 2010 South Africa World Cup, 2010 Guangzhou Asian Games and the yearly NBA games in the USA. According to relevant statistical data, during the 2006 Germany World Cup, the Soccer Lottery, one of the Single Match Sports Betting categories, was sold at a significantly considerable volume, spiking during the entire game period. With dual impact from the 2010 South Africa World Cup and the 2010 Guangzhou Asian Games, numerous sports fans and 100 million lottery fans in China will sure increase the sales of Single Match Sports Betting lottery to a new summit. The full explosion of Single Match Sports Betting lottery sales can be looked forward to.

According to the latest statistics, in the first 10 months of 2009, sales of welfare lottery amounted to RMB61.334 billion in China, increased by over 24% or RMB11.9 billion over the same period of 2008. As of 25 November 2009, sales of China's sports lottery amounted to RMB50.109 billion, the first time with annual sales breaking RMB50 billion.

Dr. Zhang Lijun, the Chairman of VODone, is very confident over the rapid development of LotteryView. "Catering for the actual demands of China's lottery market, and being backed by relevant supporting policies of the state, VODone is to provide all-round services to lottery buyers, which in turn would bring new breakthroughs in our results." Dr. Zhang remarked.

The full coverage of Chinese lotteries by VODone is a perspective move based on profound assessment of the outlook of the entire lottery market in China and satisfaction of diversified demands of lottery fans in China. Leveraging on its outstanding performance in principal operations including lottery businesses, VODone has recently been included in the MSCI China Small Cap Index. Its operation and capital market performance both stroke remarkable results.

Wonderful Sky Financial Group Limited

Joanne Chan / Lydia Leung / Bianca Tse / Katherine Kwok
Tel: +852 2851 1038
Fax: +852 2815 1352
E-mail: [email protected] / [email protected] / [email protected] / [email protected]

Source: V1 Group Limited

Topic: Business Plan
Sectors: E-Commerce, Media & Marketing, IT Individual
From the Asia Corporate News Network

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