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Non-Tech : YouBet.com (UBET) -- Ignore unavailable to you. Want to Upgrade?

To: LLLefty who wrote (192)	2/19/2003 8:46:37 AM
From: VegasMan	Respond to of 221

biz.yahoo.com WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Feb. 18, 2003-- Youbet.com, Inc. (Nasdaq: UBET - News), the leading online live event and wagering company, today announced it has closed on a $2 million private placement financing led by Rice-Voelker LLP of New Orleans. The terms of financing include a two-year balloon note carrying a 10% coupon, and an obligation to assign to the investors a warrant to purchase .667 shares per dollar invested. The funds will be used to provide additional flexibility as the company leverages the rapid growth it has recently experienced in handle and account activity. The securities were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. To be added to Youbet.com's investor e-mail list, please contact Ivan Roth in Investor Relations at Youbet.com, InvestorRelations@youbet.com.