RNS Number:9727M
Global Gaming Technologies PLC
01 June 2005


                         Global Gaming Technologies PLC
                            ("GGT" or "the Company")

         Proposed Acquisition of Event Data Correlation Limited ("EDC")

                  Proposed EGM and Admission to Trading on AIM

                                                                     1 June 2005

On 29 March 2005 the Company announced that it had entered into a conditional
agreement to acquire the entire issued share capital of Event Data Correlation
Limited. On 31 May 2005 the Company despatched to its shareholders a circular
seeking consent to the acquisition of EDC at an extraordinary general meeting
convened for Friday 24 June 2005 ("EGM"). The suspension of the Company's
trading facility on AIM will be lifted today at 8am and following the EGM it is
anticipated that the Company, as enlarged by the acquisition of EDC, will be
re-admitted to AIM on Monday 27 June 2005.


   *Proposed acquisition of the entire issued share capital of EDC for a
    consideration of 134,166,667 new Ordinary Shares, equating to #15.094
    million based on the closing middle market price of an Ordinary Share of
    11.25p on 2 March 2005, the date of the Suspension.


   *EDC was established in 2003 by Paul Pullinger, Dominic Johnson and Chris
    Cleverly and has been developed to date with private funding. Summary points
    of the EDC business are:


   * EDC has developed a proprietary platform to identify and exploit trading
    opportunities in the fast growing and fragmented global online gaming
    market.
   * EDC's management team has extensive experience across the gaming,
    financials and technology sectors.
   * Utilising its proprietary aggregation and correlation software EDC
    identifies and exploits trading opportunities from the vast amounts of
    online sports betting data and capitalises upon the opportunities offered
    within this market
   * EDC monitors real-time (sub-second) event-based data on a continual
    basis across multiple betting exchanges and bookmakers.
   * EDC's platform has been applied initially for proprietary statistical
    trading of the online betting markets.


   *Conditional on shareholder approval of the acquisition it is proposed
    that the following appointments are made to the Board of GGT:
   * Ron Trenter (Proposed non-executive chairman), aged 60, previously with
    Ladbroke Group plc, Texas Homecare and Home Charm Group plc
   * Paul Pullinger (Proposed chief executive officer), aged 41, has over 20
    years experience working in the gaming industry for Bass, Granada and Rank.
   * Dominic Johnson (Proposed executive director), aged 38, previously with
    Autonomy Corporation plc as chief marketing officer and worked at News
    Corporation, Channel Four and Granada Television.
   * Chris Cleverly (Proposed non-executive director), aged 37, a qualified
    barrister and founder and CEO of Sweet China plc, a publicly-quoted
    investment vehicle.


   *GGT also announces that it is seeking to raise up to #675,000 through the
    issue of 5,625,000 Commitment Shares and that subject to completion of the
    Acquisition it has raised #250,000 through the issue of 4,166,667 Placing
    Shares.


   *In view of the size and nature of the Acquisition in relation to the
    Company, the transaction is a reverse takeover under the AIM Rules and
    therefore requires the prior approval of shareholders at the EGM.
    Additionally, because a Concert Party will own more than 30 per cent. of the
    Enlarged Share Capital the Company is seeking a waiver under Rule 9 of the
    City Code. A resolution seeking the approval of the Waiver by shareholders
    will be proposed at an EGM on 24 June 2005.

Enquiries:

Dominic Johnson, Director, Event Data Correlation Limited tel: 020 7929 5599

John Bick, Holborn tel: 020 7929 5599




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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