Spreadex Acquires Customer Base of Extrabet

LONDON, June 10, 2011 /PRNewswire/ --

Spreadex can confirm it has acquired the customer base of sports spread betting and fixed odds firm extrabet, strengthening its position as one of the country's leading bookmakers.

Spreadex is currently involved in a transitional period with all current extrabet clients, however accounts will be finally transferred to the Spreadex betting book as of 10.00 p.m. Thursday, June 23rd, 2011 to allow trading from 24th June on their Spreadex account.

extrabet customers will be able to enjoy all the sports spread, binary and fixed odds betting markets available under their previous provider. However, they will also have many additional benefits betting with Spreadex including; fixed odds accumulator and multiples markets, the opportunity to apply for credit facilities and access to an industry-leading Mobile Sports Betting Platform allowing bets to be placed via smartphones or Apple products.

Jonathan Hufford, Managing Director at Spreadex, said: "We see this as a significant step forwards and warmly welcome the extrabet customer base to the Spreadex fold.

"With 12 years of sports spread betting experience behind us, we're sure the thousands of new clients will appreciate the ease of use of our award-winning sports betting platform and enjoy the high standards of customer service for which we have become known.

"In recent years we have invested heavily in state-of-the-art software and in building a team of friendly and approachable sports traders, so we are confident that the new account holders will be accommodated in a smooth and seamless process.

"Given the scale of this development we are, of course, also currently expanding our staff base to help maintain our high standards of service. We are looking to recruit high calibre graduates across all areas of the business - not just in the sports room - and would welcome applications to be made via careers@spreadex.com."

Tim Howkins, CEO of IG Group Holdings plc, the owner of extrabet, commented: "The sale of our sports customer list to Spreadex will enable us to focus entirely on our much larger financial business. We have known and worked with the management of Spreadex for many years and believe that they will offer an excellent service to extrabet's clients. We will work closely with them over the coming days to ensure that the transition is as smooth and effortless as possible for our customers."

Please note: Please contact Marketing Communications Manager Andy MacKenzie on marketing@spreadex.com, +44(0)1727-895-080, as of Monday, June 13th 2011 for further information or to arrange interviews.

SOURCE Spreadex Ltd,