ANOTHER TOP DEAL FOR FUNTECH

(346) (26-August-2006)

CDM Fantasy Sports makes Fun the biggest fantasy sports provider in North America

Fun Technologies , the Canadian skill gaming and fantasy sports provider headed by Lorne Abony has acquired another prime property for its expanding group of companies.

The latest acquisition is CDM Fantasy Sports , a St Louis-based operator with a strong emphasis on baseball.  Company spokesmen claimed that the deal makes FunTech the largest fantasy sports provider in North America.

Fantasy sports continues to grow in popularity with consumers, and the Fantasy Sports Trade Association says it is one of the most popular forms of entertainment on the Internet. There are 18 million fantasy sports players in the United States alone, the Association claims, with American football and baseball making up the majority of the market.

Company spokesmen said that FunTech management plans to use the acquisition to cross-promote group products and combine these on a single platform.

Expanding the television coverage and use of fantasy sports, FunTech has signed an exclusive deal with Sky News to host a fantasy football league called 'The Fantasy Football Challenge', for the Barclaycard Premiership. Another of Fun's subsidiaries, Fanball , will offer viewers four ways to play, including through Microsoft's Xbox. Fanball will also be available in two versions as a weekly game and a season-long contest, following a format similar to the FIFA World Cup version of the game 'Fantasy Challenge, World Cup Edition.