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.

jimmy
I'm so lonely, nice place you got here, a bit like PayPal but for gamblers. I wont tell Pat his a bit to young.

Well im happy , up nearly 14% on the day..

FireOne Group and its subsidiaries process online gaming transactions through the use of credit and debit cards, electronic debit and through FirePay, a stored-value electronic wallet. FireOne offers FirePay for non-gaming purchases as well.

http://www.firepay.com/

:

http://www.optimal-robotics.com

Another useful link.

very interested in this one--will watch and wait for a while. no spare funds at the moment but certainly looks promising.

Same as mp, just topped up PCM, this one is ticking up nicely.

I bought first thing yesterday, driver/moneyplus, got in at 265, sold some and kept the rest, up 35p . I am wondering if you look at the finer details to this if its not going to take a step back at some point.

NLR dropped back quite a bit after floating-- before it finally got going. I couldn't resist picking up a few though--I'll probably regret it Monday but if it follows NLR we could be in for quite a ride!! Profits and turnover only about a third of NLR's though so wouldn't think it will go as high unless it becomes a bubble. Driver-I also picked up 500000 PCM for my ISA--if they eventually come good it's all tax free!! such a sense of power buying a large holding for peanuts! have a good weekend all. MP

mp
I think you have over taken me on the PCM'S

jimmy
Well done I wouldnt mind making 35p.

Very funny driver , join me, i might make 70p on monday..

jimmy
Have a look at pcm its going to kick off soon.

Are you ramping driver ? lol , ill have a read..

jimmy
Yes, but don't tell Don Q 1st.

Slowly ticking up again..

FireOne Group plc
22 June 2005


Embargoed until 0700 22 June 2005

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

License Agreement Signed with Phantom Fiber

FireOne Group plc, a leading gaming payments provider, and Phantom Fiber
Corporation, a leading developer of wireless platform software, have partnered
to mobilise FireOne's stored value wallet, FirePay (
www.firepay.com
). The
FirePay funding method will be promoted and recommended by Phantom Fiber as a
preferred payment method.

The companies have signed a four-year license agreement under which FireOne will
integrate Phantom Fiber's advanced wireless platform to extend its payment
solution to mobile customers with support totalling more than 1,000 mobile
device types worldwide. FireOne's mobile payment solution will provide customers
with seamless account funding, transaction history and usage reporting. The
companies expect that deployment will be completed within the next 30 days.

The first phase of the agreement will allow customers to download the mobile
wallet application to their cellular device and fund their FirePay account
virtually anywhere, anytime and still enjoy their mobile gaming with
applications powered by Phantom Fiber. The ability to access account balance
information and historical transactions will also be included.

Ben Dalfen, Chief Operating Officer of FireOne stated: 'With over 300
established clients representing approximately 1,500 websites in the online
gaming industry, FireOne views mobile gaming as a next logical progression for
our services. We partnered with Phantom Fiber because of their proven wireless
platform solution and their entry into all verticals within the gaming industry
- from sportsbooks to casinos to poker rooms and more.'

'Over the next ten years, industry experts believe that mobile wireless gaming
is poised to grow as fast as the PC-based gaming industry has grown, and FireOne
is well positioned to capture our market share of the payments side of the
business.'

Jeff Halloran, President and CEO of Phantom Fiber commented: 'Since 1997,
FireOne's management team has been involved in the online gaming industry and
their experience has allowed them to capture a significant share of the online
payment processing transaction market - making them one of the premier payment
processors in the industry. Because our platform solution is deployed in many
gaming verticals, FirePay customers will be able to use their mobile wallet for
all types of gaming transactions and eventually for mobile commerce without ever
requiring a desktop PC to manage their account. In the final analysis, players
and consumers want convenience which Phantom Fiber precisely delivers with
worldwide access and transactional capability from virtually any mobile device.
After several discussions, FireOne has proven to be an extremely creative
company with many ideas that will allow them to become a premier payment
processing method for the mobile commerce sector.'

- Ends -

not quite the same as NLR but here's hoping the sp rises nice and steadily!

Up 9p today, and up 22%since the start of the month, is no one else in this , i'm getting a bit lonely on here.

I'm still holding and have good vibes about this one--we'll do well together jimmy.

Good moneyplus , i bought the day they floated and so far so good, 22% in one month is a good return, still watching carefully though .

I picked up some Isat and they are up too--worth a look.