Boss Media's Official Response to the Unlawful Internet Gambling Act

On Friday, 29 September, a bill that will ban Internet gambling payment processing in the United States was added to another proposed bill on national security, which most likely soon will be passed in its entirety.

As the bill on banned Internet gambling payment processing services in the United States turns into formal law, Boss Media AB will immediately take action to block American players resident in the United States from accessing any such services and casino software provided by Boss Media.

A ban on Internet gambling payment processing in the United States will affect Boss Media's net sales and earnings. When Boss Media published its interim report for the period January to June 2006, the company stated that the operating margin (EBIT margin), adjusted for non-recurring items, was expected to be no less than 15 percent for 2006. If the bill prohibiting Internet gambling payment processing in the United States is passed shortly, the operating margin, adjusted for non-recurring items, is expected to be 10 to 15 percent for 2006.

2006-10-03