Fireone a "mini NLR" floated today on AIM looks interesting with plenty of growth possibility..



Embargoed until 0800 2 June 2005

FireOne Group plc
('FireOne' or the 'Company')

First day of dealings on the AIM Market

FireOne, the provider of payment processing services for the online gaming
industry, announces that its entire issued ordinary share capital has today been
admitted to trading on the AIM market of London Stock Exchange plc
('Admission'), under the ticker symbol 'FPA'.

As part of the flotation, Numis Securities Limited placed 10,000,000 ordinary
shares at 241 pence per share (the 'Placing'), raising 24.1 million (before
expenses) in cash for Optimal Group Inc., the parent company, as a selling
shareholder. As at Admission, there are a total of 50,000,000 ordinary shares in
issue with a market capitalisation (at the 241 pence per ordinary share placing
price) of 120.5 million.

Mitch Garber, Executive Chairman of FireOne commented:
'We are very positive about the continued opportunities available to FireOne
within the growing online gaming industry and our admission to AIM, amongst
other respected leisure and gaming companies, is the next logical step in
FireOne's development.'

- Ends -

Enquiries:

FireOne +44 (0) 78 7023 4746
Ben Dalfen, Chief Operating Officer
David Schwartz, Chief Financial Officer

Numis Securities Ltd +44 (0) 20 7776 1500
Jag Mundi / Amer Khan / Andrew Burnett

Weber Shandwick Square Mile +44 (0) 20 7067 0700
Kirsty Raper / Nick Oborne / Susanne Walker

Notes to editors:

FireOne is a provider of payment processing services for the online
gaming industry, providing the operators of online casinos, poker rooms and
sports books (including Sportingbet/Paradise Poker, Casino on Net (
www.888.com
)
and PartyPoker.com) and their customers with a secure, convenient and
cost-effective system to collect, deposit and withdraw funds.

As at 31 March 2005, the business was providing its services to over 300
online gaming operators, representing approximately 1,500 websites.

For the 12 months ended 31 December 2004, the business delivered profit
before tax of US$14.8 million on turnover of US$43.0 million. Unaudited results
for the three months ended 31 March 2005, show profit before tax of US$6.0
million and turnover of US$14.9 million.

Since the mid-1990s, revenues in the online gaming industry have grown
at approximately 35 per cent. per year to exceed US $7 billion in 2004. This
figure represents only 3 per cent. of the total worldwide land-based and
internet gaming market and these revenues are expected to show significant
growth in the next few years.

The Placing shares represent 20 per cent. of the issued share capital of
the Company, with the balance being retained by Optimal Group Inc. ('OGI') and
one of its subsidiaries. OGI is a leading payments and services company, based
in Montreal, Canada; its shares are quoted on NASDAQ (OPMR:NAS). Prior to the
Placing, FireOne was a wholly owned subsidiary of OGI. The Company has not
raised any new funds as the Directors believe that the FireOne is able to
finance its operations from its existing cashflow.

The Directors believe that the Placing and Admission will give FireOne
focus and increased autonomy from OGI; greater profile and status; and greater
prominence in Europe for future growth.

Krypton - thanks for news on NLR - let's hope it rubs off.

mercifully - should have skipped out on the last bounce up, but was too busy to trade that day - it was always a spec trade for me, not a long term hold, so doubly miffed I screwed it up.

live and learn

sd

I think it it may bounce back stockdog, as will NLR ..

yes, but which way??!!

UP !!! ..

Afternoon everyone,
Anybody still holding these ?
I picked up another 555 this morning as the results are due next week and cannot see why they should not be anything but excellent.
I think the fallout from PRTY and Empire has now subsided enough to do a spot of bargain hunting.

K******

Well krypton ,i sold out a little while back but NLR is coming back strongly today so maybe your right .I will be interested in the results myself.

I have only just noticed this announcement from the Nasdaq site. It dates from 10 October and is, of course, from FireOne's parent company (still holding 80%).

Optimal Group Inc. (NASDAQ:OPMR) increased its financial guidance for Q3 of 2005. Optimal now anticipates that its underlying earnings before income taxes and non-controlling interest will be in excess of $10.6 million for Q3. Optimal's original guidance for this period was for underlying earnings before income taxes and non-controlling interest to be approximately $9.8 million.

Barring any general disaster in the markets I am now very very optimistic for the FPA results on the 8th November.

Mono

Hi Mono

Thanks for that bit of news - excellent !!!!!
Now very much looking forward to the results (also impressed by the relative strength of FPA compared to Neteller the last few days).

K******

It looks as though the run up in the share price (ahead of the results next week) has well and truly begun this afternoon.
Neteller will be doing a 3rd quarter update on Monday which will give a good idea of what to expect from FireOne next Thursday.

All the same it is looking very good.

Mono

Wonderful results from FPA this morning to follow up the equally good results from NETeller yesterday.
NETeller is getting rave reviews in the newspapers today.
A very good chance that FPA will have one or two similar reviews tomorrow.

K******

Just had time to have a read of the FireOne announcement from yesterday. The very interesting thing is that they are anticipating distributing a dividend in 2006 as they will have plenty of 'free' cash that is not required as working capital. From what I can gather this is ahead of schedule.

Quite possibly the clincher if anyone is trying to decide between FPA and NLR.



Dividend Policy Update

As indicated in the AIM admission document, the Company initially stated that it
intended to retain future earnings to finance continued development of the
business and that the declaration and payment of any dividends would depend on
the Company's operations, its financial position, cash requirements prospects,
profits available for distribution and other factors deemed relevant at the
time.

The Company now intends to commence paying dividends, beginning in 2006. The
first dividend declaration will be made in the first half of 2006 only after
the filing of the Company's first set of audited financial statements, in
accordance with applicable Irish company law.

Since its inception as an independent operating company in May 2005, the Company
has generated significant free cash flow from operations, which is well in
excess of its ordinary working capital needs. The Company presently anticipates
continuing to generate significant free cash flow and, accordingly, intends,
subject to the requirements of Irish law, to distribute as dividends the amount
of all earnings that are in excess of amounts required to fund normal working
capital or other strategic objectives.


Mono

I agree this is good news and I feel this share is overlooked at the moment.

Huge drop today to 337p...why is that?

Now 320 where we were last july...........any comment?????

All mine are now red--this one is just following the trend unfortunately. At least I feel this one is trading well and the bounce back will eventually come. fingers crossed!

FireOne firing again.

A bargain at these levels and, hopefully, a steady rise from now on rather than sector hype or otherwise.

Mono

These have finally woken up today !!!!
The recovery in the Neteller price over the last week has finally rubbed off on FireOne.
Results on the 7th March.
Expect it to be well north of 400p by then.

;o)

These got sucked down from the January high of 450p on the back of Neteller crashing (which was due to shorting spree by Simon caukwell - Evil Knievel).
Whilst Neteller has since recovered to a large extent I feel that FireOne still has a fair way to go.
With the results, due next week, which will be very good, plus a very positive outlook, there should be a very good case for 450p short term and 500p+ in the not too distant future.
There are rumours that parent company Optimal (80% shareholder) may release more shares to help liquidity.
If that is the case then FireOne will be firing on all cylinders.

Mono

http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20060306\ACQBIZ200603061601BIZWIRE_USPR_____BW6105.htm&symbol=OPMR&selected=OPMR&selecteddisplaysymbol=OPMR&coname=Optimal%20Group,%20Inc.&logopath=&market=NASDAQ-NM&pageName=Company%20News&kind=&formtype=&mkttype=&pathname=&page=news

The results from Optimal Group (FireOne's parent company) were excellent and included a paragraph raising guidance for earnings in the first quarter of 2006.

It should be a very good day for FPA tomorrow.

;o)

Had a few bob in these today Jimmy, good look to everyone.

cheers GF.