Optimal Group Inc.
announced on May 8, 2007 that following recent announcements by the U.S.
Attorney’s Office in the Southern District of New York relating to its
ongoing investigation of the U.S. Internet gambling industry, the
Company has initiated discussions with the U.S. Attorney’s Office in the
Southern District of New York and is in the process of responding to a
voluntary request for information issued by the U.S. Attorney’s Office.
In connection with such ongoing investigation, Optimal has received a
copy of warrants of seizure issued by the U.S. Attorney’s Office against
funds of certain payment processors on deposit with two U.S. banks.
These funds include monies on deposit to the credit of Company
affiliates, namely, approximately $4.2 million that FirePay Limited has
on deposit in a reserve account and approximately $15 million that
Optimal Payments has on deposit in a money market account. Through
counsel, the Company has been assured by the U.S. Attorney’s Office that
the issuance of the warrants does not impact in any way upon discussions
between the Company and the U.S. Attorney’s Office, nor upon any
eventual outcome of those discussions.
About Optimal Group Inc.
Optimal Group Inc. is a payments company with operations primarily in
North America and the United Kingdom. Through our wholly-owned
subsidiary Optimal Payments, we process credit card payments for
Internet businesses, mail-order/telephone-order and retail point-of-sale
merchants, and process electronic checks and direct debits online and by