Net Entertainment which is an online gambling software and turnkey provider of Sweden finished off the year of 2007 with quarter four. With this they have successfully maintained their performance from the preceding years. Mr. Johan who is the Chief Executive Officer of Net Entertainment said that he is very happy with what the company has achieved.

From January to December 2007 Net sales boosted more than thirty percent to SEK 132.0 million. In the year 2006 it was SEK 99.8 million. The results also boosted to more than sixty percent to SEK 45.9 million which was SEK 28.5 million in the year 2006. New license agreements signed for eighteen new casino modules.

Quarter 4 from October to December 2007 Net sales boosted by seventeen percent to SEK 36.3 million which was SEK 31.0 million in 2006. After the taxes increased by thirty five percent to SEK 13.8 million which was SEK 10.2 million in 2006. The residual SEK 4.7 million of the loans from Betsson was paid as repayment by Net Entertainment and they are totally debt-free. New license agreements signed for five new casino modules. The in service profit rose more than thirty percent which was 33 percent in the year 2006.

Mr. Johan told the shareholders about applying with Small Cap listing at OMX Exchange at Stockholm. Mr. Johan also said that Q4 expansion of Net Entertainment was excellent and the net sales boosted up more than ten percent in comparison to Q3. According to the approximation of Global Betting and Gaming Consultants the net sales increase of around 33 percent should be compared to 23 percent increase for European online gaming.

For our success the product expansion and strong market growth is mainly responsible. We are continuously receiving orders and during Q4 we have successfully signed with five Casino Module license agreements for a total of eighteen in the year 2007. Net Entertainment decreased its reliance on the consultants with the recruiting program during 2007. The technical department witnessed the employment of fourteen new employees which inspired in the production of the more advanced games.

Mr. Johan said that in 2007 they launched four products and more than twenty games which enabled us to have an advantage. With the times Net Entertainment has successfully become the main player in the online gaming. He added that they will be strengthening their position with the development rate.

According to the Chief Executive Officer of Net Entertainment during he Q1 2008 the company has plans to boost up the operations in Ukraine. During Q4 2007 Net Entertainment took back the subsidiary Feliz Europa in Costa Rica. Malta subsidiary will be hosting in Costa Rica. Mr. Johan also added that they are more powerful than before and they will not be dependant anymore on their current customers.

In 1996 Net Entertainment got established and their clients are based in over fifty international gaming companies. The company does not have gaming sites of their own and it is a development company. The main technical development takes place at its main office situated in Stockholm and in Malta their commercial, marketing, and other product administration activities are taken care of.