SOURCE: Business Wire

(London, UK) — Winning Edge International, Inc. (WEI) (OTCBB: WNED) has received a Letter of Intent from Betbrokers plc (AIM-London: BETB), publicly traded on the London AIM exchange (BETB), to acquire all of the operating assets of WEI for $6.5 million in Betbrokers stock. The Winning Edge Board has approved the Letter of Intent and, pending financing to retire existing debt, has directed management to complete due diligence and a definitive purchase agreement to present to Winning Edge shareholders.

Chairman of Betbrokers, Wayne Lochner stated, "The acquisition of Winning Edge International is a major step in our global growth strategy. It provides us a high-profile United States presence and brings us the expertise and tools to rapidly expand the Winning Edge business model into Europe."

"A key component of this transaction is the addition of Wayne Allyn Root as a part of our Betbrokers global expansion strategy. Wayne, who will become a key member of our management team, has the name recognition, skills and experience as a television host and spokesman to be invaluable in helping us produce and create gaming programming and build databases of gamblers in the UK and throughout the world."

"Our combined talents and experience will allow us to build sports handicapping web sites first in the UK, and then globally to provide winning advice on international sports such as soccer, cricket, rugby and horseracing. The addition of Wayne and the Winning Edge team and assets greatly enhances both the near- and long-term future of Betbrokers."

Wayne Allyn Root added: "My goal for Winning Edge has always been to build a global brand leader and expand our handicapping advice to international sports."

"Joining with Betbrokers gives Winning Edge and its shareholders that opportunity. With their UK gaming experience, we will be well positioned to roll out the Winning Edge business model globally and to expand our brands into the legal gaming arena for non-American bettors."