Updates

GB Group - URU sales to triple this year and next

September 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

GB reported that Q1 turnover for its flagship URU business for electronic identity verification was up 37% over the previous quarter. The number of clients signed up is 66, up from 55 at the end of March. Of that, 20 clients are now in the gaming sector including Partygaming, 888.com and Betfair. There are now also 8 clients in the telecoms sector with a further 28 clients in the financial services sector. The beautiful part is that the usage from existing clients is also growing and URU is well placed to meet its broker’s target of £2m sales this year, up from £600,000 last year, albeit it will remain a loss making activity. To ensure it maintains its market leadership, GB reiterated that the year will see ...

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