CENTRIC HOLDINGS S.A.

Group CENTRIC is expanding its operations in the online products and services sector by introducing the financial spreads betting service

CENTRIC S.A. announces the incorporation of the 100% subsidiary FSM Limited, headquartered in Malta, whose primary objective is to market the new financial spreads betting service via the website www.spreads.gr. This action is in line with CENTRIC?s strategic plan to invest in companies active in the online gaming sector, and enhances the mix of online products and services marketed.
In more detail, FSM Limited signed an agreement with WorldSpreads Ltd for marketing the financial spreads betting services in the Greek language via the website spreads.gr. This web based platform offers to its users the unique opportunity to make a profit out of predicting the future value of hundreds of shares (200 euro shares including the biggest Greek ones, 1000 USA shares, 500 UK shares, etc) and financial instruments (futures of indexes like NASDAQ, S&P, commodities, metals, bonds, foreign exchange rates, etc). This internet platform allows the users to manage personally and directly their open positions, and is enabling micro-transactions with low stakes regardless of the underlying products and the leverage put on the stake. Additionally, the users can benefit from a limited time offer that provides them protection against losses up to 400 euro.
WorldSpreads Ltd, which has created this web based platform, is today one of the largest groups worldwide in this specialized spread trading field. Founded in 2000 in Ireland by top echelon executives holding solid expertise and long lasting experience in the trading and funds management fields using these financial instruments, WorldSpreads Ltd has expanded its operations in 2004 in the United Kingdom (London) as well. In its nine-year path, WorldSpreads Ltd has a proven track record of growth, attracting substantial number of users globally. WorldSpreads Ltd is listed in two stock markets namely London?s AIM (WSR) as well as Dublin?s IEX (WSR) and the full spectrum of its services and operations are regulated and fully controlled by the British authorities and in specific by FSA (Financial Services Authority ? Registration No 230730).
CENTRIC's C.E.O. Mr. Rodolfo Odoni stated regarding the partnership "We are excited to announce the partnership with one of the pioneering companies in a sector that is rapidly developing. We trust that this expansion in our products and services portfolio will contribute to the group's growth and profitability."
WorldSpreads' C.E.O. Mr. Conor Foley stated regarding the partnership ?We are very pleased to work with the Centric Group. Their expertise and determination are valuable in the success of the project. We are confident that the new products will have great appeal to the end users and will ultimately enjoy widespread acceptance".
Regarding CENTRIC
CENTRIC's main area of activity is the participation in companies managing sports betting and gaming websites. The subsidiaries in cooperation with Sportingbet PLC are exploiting the "Sportingbet" και "VistaBet" brands. Also its? operations involve the trading of digital products and services.