Sporing Successfully Completes Testing of Virtual Betting Engine and Announces Winners of Its Summer Olympics Competition

September 08, 2008

MOSCOW -- Sporing, an online betting engine developed by StockAccess Ventures, announces the winners of the Olympics competition hosted by Sporing.ru during this summer's Olympic Games. Throughout the Olympics, Sporing attracted 13,000 visitors and awarded prizes provided by the competition's sponsors to the top ten of the 200 most active players.

StockAccess Limited currently invests in two Internet ventures: Sporing - an innovative online entertainment platform and Nesprosta - an online real estate classifieds and property reporting service.

The Sporing team, headed by Valentine Korinevsky, StockAccess's Managing Director, has developed a unique web product that innovatively combines cutting-edge and proven Internet business tools, such as P2P betting and social networking. The current implementation of Sporing's platform offers two playing modes: the first allows users to create their own bets to wager against other users, the second invites players to participate in thematic competitions. All winnings are calculated in "Sporints", Sporing's virtual currency. Prior to developing Sporing, the StockAccess team marketed bwin.com AG (Vienna Stock Exchange: BWIN), Europe's biggest Sports Betting and Gaming offer, in Russia and Ukraine.

Over 13,000 people visited Sporing's Olympics competition. This heightened exposure level was achieved as a result of a partnership with Gazeta.ru, the leading Russian news media site. During the competition, a wide selection of bets on Olympics-themed topics, such as the total number of Russian gold medal victories or whether Russia's Isinbaeva would achieve a new world record, were provided daily to participants. These questions were featured in coinciding ads rotated on contextually linked pages of Gazeta.ru's Olympics website.

"It was amazing to see how quickly the players placed their bets after our staff posted each new betting topic. Sometimes it took only ten seconds to receive the first bet! There were definitely several hot topics which sparked significant activity from players -- for instance, anything related to Russia's position in the medal race," reports Valentine Korinevsky.

StockAccess Ventures markets the Sporing platform internationally to Russian-language social networking and other high-traffic media websites.

For more information, please contact Tatiana Petropavlovskaya at tpetropavlovskaya@stockaccess.com.