RNS Number:5878K
Sagentia Group AG
24 December 2007





                               SAGENTIA GROUP AG
                                  ('Sagentia')

                                TurfTrax Plc IPO

Sagentia Group AG, a leading integrated technology consulting and venturing
organisation, is pleased to announce that TurfTrax Plc ('TurfTrax' or the
'Company'), in which Sagentia owns an 8.8% stake, is seeking admission to the
AIM market of the London Stock Exchange. Accordingly, TurfTrax has appointed
Newland Stockbrokers Ltd and City Financial Associates Limited as broker and
Nominated Advisor to the Company respectively.

In conjunction with its admission to the AIM market, TurfTrax is seeking to
raise approximately �3 million by way of a placing of new ordinary shares in the
Company to provide it with sufficient funds for the expansion of its ongoing
international commercial interests, increased capital expenditure and further
working capital. Admission is anticipated to occur in January of 2008 following
which Sagentia will own approximately 7.3% of the enlarged share capital.

Following successful admission to AIM, it is the intention of TurfTrax to expand
its commercial activities within the international betting market to which it
supplies data and data products related to the real-time, 'in-race' speed and
position tracking of race horses. By exploiting its tracking data, the Company
has developed a betting product that - for the first time - enables the
provision of fixed odds 'in-running' betting with dynamically changing prices.
The Board of the Company believe that this new betting product represents the
most significant product revolution within horse race betting in the past 20
years and anticipates the opportunity for the capture of significant revenues,
generated on a global basis through revenue share agreements with existing
bookmakers who have distribution channels on track, in shop and online.

In Great Britain alone, total betting turnover in 2006 was in excess of �10
billion and generated the horse race betting industry approximately �680 million
of net win (gross profit less levy and gross profit tax).

Martin Frost, CEO of Sagentia Group AG commented:

'I am delighted to announce the impending Admission of TurfTrax to AIM,
following so quickly after the sale of Intrasonics announced earlier this week.

The in-race betting product that TurfTrax is able to offer to the international
horse racing industry is compelling and initial feedback from a number of
betting organisations has been extremely encouraging. Over the past year, the
Company has successfully trialled in-race product with a UK bookmaker and has,
at the same time, positioned itself for further commercial distribution of its
product, which is based on technology originally developed by Sagentia.

I very much look forward to the full commercial launch of the in-race betting
product early in the New Year and have every confidence that the additional
funds available to TurfTrax will contribute to its commercial success both here
in the UK and across the numerous international jurisdictions in which the
Company is currently active.'


                                     -Ends-





Enquiries:


Sagentia Group AG
Martin Frost                                                    (44) 1223 875200

www.sagentiagroup.com

Hansard Group
Andrew Tan                                                      (44) 207 2451100


www.hansardgroup.co.uk


Notes to editors:


Sagentia Group AG


Sagentia Group is a leading international technology consulting and venturing
organisation, with a reputation for successfully commercialising emerging
science and technology. The Group comprises two principal operating companies,
Sagentia and Chord Capital.


Sagentia is one of the world's pre-eminent technology management and product
development companies. For 20 years the business has shown an unwavering
commitment to innovation that has led to the launch of breakthrough products and
services.


Sagentia's facilities include state-of-the-art laboratories and are located in
Europe the USA and Hong Kong.


The Group's venture management activities are managed through its FSA-regulated
fund manager Chord Capital Limited. Through Chord Capital, venture and investee
companies gain access to business building and corporate finance skills. Recent
ventures and investments include CMR Fuel Cells plc and Nanoscience plc, listed
on AIM, Sphere Medical Ltd and Atraverda Ltd.


Sagentia Group is quoted on the LSE (SGA.L)



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

END
MSCFELSMDSWSELE
Sagentia Grp (LSE:SGA)
Historical Stock Chart
From Dec 2024 to Jan 2025 Click Here for more Sagentia Grp Charts.
Sagentia Grp (LSE:SGA)
Historical Stock Chart
From Jan 2024 to Jan 2025 Click Here for more Sagentia Grp Charts.