Thanks for the information on
UBA TECHNOLOGY INC. ( symbol UBTA )
The most recent news release is available
at www.pinksheets.com under symbol UBTA.
It looks like an astute buy at this level
with tons of upside potential if BETFAIR is any indication.
Thanks again.
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UBA Technology Initiates Marketing of Betting Exchanges
VANCOUVER, British Columbia, Feb 3, 2005 (BUSINESS WIRE) -- UBA Technology Inc. (Pink Sheets:UBTA), initiates marketing of its unique betting exchange software, which will be licensed and supported through its subsidiary, UBetAnything.com.
During the last four years, betting exchanges have revolutionized the market of sports betting in the United Kingdom, and are capturing a large share of the market from traditional bookmakers. In addition to sports, betting on political and entertainment events are also growing in popularity.
Betting exchanges act as online intermediaries between individual bettors (P2P), allowing them to bet against each other (on an undisclosed basis), usually taking a small commission from the winner. In some jurisdictions, betting exchanges are exempt from gaming regulations, because they only match the bettors, and hold the funds until the finish of the event. |
