freenet AG

Regulatory Filings • Jun 19, 2002

News Details

Ad-hoc | 19 June 2002 08:00

freenet.de AG english

freenet.de launches online Lotto service Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– freenet.de launches online Lotto service freenet.de and fluxx.com sign cooperation agreement – new lottery options at www.freenet.de As part of a long-term cooperation with fluxx.com AG, the leading service provider in the gaming and lottery market, Germany’s second-biggest online service provider, freenet.de, will now offer its own Lotto channel at www.freenet.de, complete with an interactive online lottery service. To this end, freenet.de has purchased a license from fluxx.com AG. In addition to ‘Free Lotto,’ a free Lotto-playing syndicate, freenet.de will soon offer its more than 5 million members the option of easy online participation in the popular Lotto drawings (Wednesday and Saturday lotto)- without having to make a trip to the local lottery kiosk. In a next step, the popular betting games and lotteries offered by Sportwette Oddset and Glücksspirale will be added. freenet.de AG expects that the introduction of lottery and betting services will markedly increase its own e-commerce revenues in the medium term. Freenet.de will receive a contractually agreed-upon commission on each bet submitted – thanks to its sizable market presence in Germany, this will lead to new revenue streams in a highly attractive environment. In addition, this convenient and easy-to-use service will greatly boost customer loyalty, while also increasing their ‘stickiness’ – both are important factors for success on the Internet. Both parties have agreed to maintain strict silence on the details of the cooperation agreement. To utilize the enormous market potential in future, freenet.de and fluxx.com will continue to work together closely on the development of new types of products and distribution, enabling them to offer freenet.de AG’s wide-ranging clientele customized gaming and betting applications. end of ad-hoc-announcement (c)DGAP 19.06.2002 ——————————————————————————– WKN: 579200; ISIN: DE0005792006; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Stuttgart, Hannover 190800 Jun 02