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DGAP-News: Lotto24 AG / Key word(s): Regulatory Approval Lotto24 AG receives permit for online lottery brokerage

24.09.2012 / 21:15

Press release

Lotto24 AG receives permit for online lottery brokerage

(Hamburg, 24 September 2012) Lotto24 AG is one of the first private companies in Germany to receive a permit allowing it to broker state-run lotteries via the Internet.

Petra von Strombeck, CEO of Lotto24 AG, states: The permit is a prerequisite for nationwide operations and thus a very important milestone in our short company history.

After an almost four-year ban of online brokerage under the old State Treaty on Games of Chance, private companies are now permitted to broker state-run lotteries in Germany once again.

The permit is valid for the whole of Germany for a period of five years, excluding the states of North-Rhine Westphalia and Schleswig-Holstein. The new First State Treaty to Revise the State Treaty on Games of Chance (GlndStV) has not been ratified in North-Rhine Westphalia yet. Gaming legislation in Schleswig-Holstein differs from the rest of Germany, in that lotteries can be brokered online without permission.

The newly granted permit includes provisions which will hamper the development of business, especially the restrictive requirements regarding the protection of minors and an obligation to submit tickets in the federal state of the respective player. The company expects these restrictions to apply equally to other market participants.

Further official permits are required for advertising Lotto24s product range. It is expected that nationwide Internet and TV advertising will not be possible until the GlndStV comes into effect in North-Rhine Westphalia. The company assumes that this will be the case in the course of November 2012.

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DGAP-News: Lotto24 AG receives permit for online lottery brokerage

"We noticed that our existing software was often used by financial professionals who wanted more control over both the assumptions and the presentation of the report," David Annis, President of Valuations LLC said. "In the past we often assisted in creating these reports by hand. Now, users can create the reports by completing a simple interview."

The software will automatically handle calculations like adjusting from cash basis to accrual basis and weighting income from multiple years but will allow an end user to easily override the default values. Financial statements are automatically recast to adjust for non-market rate owner compensation, related party transactions, interest expense, taxes, depreciation, and amortization. The program also asks the user non-financial questions about the company being valued, and computes an appropriate earnings multiple. Despite the sophistication, most businesses can be valued in about an hour.

Users can also customize the template upon which the valuation report is based so that they can change the wording, include their company logo of other graphics, and change the layout so that it looks good on their standard letterhead. The website interface can also be customized, allowing business brokers and other professionals to private label the application and add it to their own websites.

The software is available by subscription, with pricing between $33 and $50 per month, depending on the length of a subscription.

The software was designed by experienced business consultants who have over 30 years combined experience as intermediaries, consultants, and appraisers. It is available at http://www.ezvaluation.com/pro.html. The company's original and highly popular easy valuation program is available at http://www.ezvaluation.com for $24.95 per valuation report. About Valuations LLC: Valuations LLC was founded in 2007 by a group of mergers and acquisitions specialists to provide low cost web based mergers and acquisitions advisory services. They have offices in Okemos, MI and Providence RI.

Contact: David Annis Phone: +1 517-878-5014

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Business Valuation Software delivers appraisals in PDF or Word.

AUSTIN,TX--(Marketwire - Sep 24, 2012) - Dachis Group, the world's leading social marketing optimization solutions firm, today announced the promotion of Dion Hinchcliffe to Chief Strategy Officer. Hinchcliffe will add to the senior leadership team at Dachis Group bringing over 20 years of hands-on experience helping the world's largest brands adopt emerging technologies and formulate business strategies that drive success.

"As more and more of the world's largest companies come to understand that their brands live in the authentic, transparent, and trusted interactions of their customers and employees, meaningful success beyond 'likes' and 'follows' will require a move past simple social channel advertising. A corporate imperative will emerge to drive trusted engagement, at scale," said Hinchcliffe. "As a technologist, the opportunity to work alongside Dachis Group's big data team to help the world's biggest brands optimize their social marketing is unparalleled. The bleeding edge of big data technologies, social engagement, and business intelligence is right here at Dachis Group and I cannot wait to begin to talk to customers about the profound impact this shift is having on the way they do business, and help them optimize for success."

"As an innovator and thought leader Dion has helped Dachis Group refine and evolve our vision of what social business is and how it's transforming organizations around the world," said Jeffrey Dachis, Founder, Chief Executive Officer, Dachis Group. "In a world of connected customers, Dion has the unique ability to show the marketplace in a clear and uncomplicated way how the intentional optimization of their social marketing and customer connections can create profound positive results in brand engagement, customer advocacy, employee advocacy, customer satisfaction, and sales and revenue generation. This is going to be key in helping Dachis Group customers drive real social marketing success."

Dion Hinchcliffe is a frequent keynote speaker at Social Business events around the world and is co-author of the best-selling book on the subject, Social Business By Design (John Wiley & Sons). Hinchcliffe is also a widely followed columnist for ZDNet and InformationWeek. Hinchcliffe came to Dachis Group in 2010 through the acquisition of Hinchcliffe & Company, a boutique management consulting firm servicing large enterprise customers. He can be found online at http://twitter.com/dhinchcliffe.

To learn more about how Dion Hinchcliffe and Dachis Group can help your brand optimize your social marketing investments and Engage@Scale, sign up for a 1:1 demo of our Social Marketing Optimization Solutions at http://social.dachisgroup.com/tour/, and register for the Social Business Index.Contact inquiries@dachisgroup.com to learn more.

About Dachis Group

Dachis Group is the social marketing optimization software solutions leader.Utilizing a proprietary big data analytics platform and the world's leading social business solutions group, Dachis Group helps the world's largest brands optimize their social marketing and engage at scale with their customers.

Every day, Dachis Group's big data social analytics platform monitors over 10 billion social behaviors and 50 million+ social signals in real-time.Dachis Group's delivers powerful insights by tracking, monitoring and helping manage conversations and content across 30,000 brands, 100 million social accounts, and an aggregate audience of 5.2 billion followers, fans, subscribers and contributors from 233 countries across dozens of the largest social platforms, including: Twitter, Facebook, YouTube, Vimeo, Tumblr, Google+, Pinterest, Renren, Twitpic, Foursquare, and MySpace, as well as blogs, wikis, forums, BBS, message boards, websites, and thousands of other sources on the open social web.

Dachis Group has moved far beyond commodity social content management systems or simplified brand monitoring listening and analysis to offer software solutions that help the world's leading brands optimize the powerful data, benchmarking, and insights of our big data social analytics platform along with the design, development, management, and measurement of social marketing programs to maximize their investments in social and engagement at scale.

The company serves many of the world's leading brand marketers including: Disney, Este Lauder, US Cellular, Hewlett Packard, Kodak, Nestl, and Nokia.

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Dachis Group Promotes Dion Hinchcliffe to Chief Strategy Officer

24-09-2012 00:58 Check out this clips of Emmy Awards host Jimmy Kimmel telling viewers to fool social media sites by incorrectly Tweeting that Tracy Morgan collapsed on stage. (Sept. 23)

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Jimmy Kimmel Tries to Fool Tweeters From Emmys - Video

The lifeblood of college football fandom is changing.

The painted faces crammed into the student section of stadiums nationwide have turned away from newspapers and talk radio toward social media to get stats, scores and even messages from coaches and players in real time. As social media infiltrates stadiums and clubhouses, teams are scrambling on and off the field to reach students and young alumni an audience that constitutes 12 percent of game attendance, a figure that will only grow over time.

To understand the growing role of social media in collegiate sports, consider a 2011 study by Galen Clavio (.pdf) at Indiana University. It found 18- to 29-year-old fans are significantly more likely to rely upon social platforms like Facebook and YouTube for sports info than those older than 30. Although Clavio acknowledges the survey may self-select for a group of tech-savvy, high-earning respondents, the findings jibe with those of Pew Internet, which found 86 percent of adults aged 18 to 29 the highest percentage among all age groups use social networking sites on a regular basis.

Athletic departments have felt this shift, and some are struggling to navigate the changing landscape.

Pleasing students is one thing, but running a business (and college sports is a business) is quite another. The boosters who fill athletic department coffers typically are older than students and, according to Clavios study, beyond social medias influential reach. That may lead some athletic departments to figure, Why bother? Attendance stats support this view, as the greatest number of fans at college football games are aged 45 to 54. Theyre followed by the 35 to 44 set. But the number of fans who rely upon social media for much of their news will only grow.

No less a problem are television networks, which are quick to say social media can infringe on exclusivity contracts. Thats led to some effort to rein in social media. In 2009, for example, the Southeastern Conference briefly considered banning social media at all sporting events, an idea that seems absurd, if not impossible to enforce.

If the Iranian government couldnt cut off Twitter in the middle of country-wide riots, the SEC certainly wasnt going to be able to cut off social media at an Alabama-Tennessee game, said Clavio. The SEC got that message and settled on a not-for-profit social media policy where fans could post updates, take pictures or shoot video as long as they made no money doing so.

The relationship between sports and social remains occasionally tenuous, but it is a commanding player on any athletic programs roster so much so that a teams website, once the dominant digital domain for team information, pales in the shadow of its Facebook page.

Among Top 25 NCAA football teams, social media pages are built around a few core principles: fun, short, engaging messages and pictures. Lots of big, beautiful pictures. Take the University of Michigans Facebook page, a destination engineered to prime a daylong fan-gasm in the virtual Big House. The site is built for fans, not boosters or networks, and with nearly 1 million faithful followers, director of digital marketing Jordan Maleh delivers what users want. The page features high-res images that easily stockpile 20,000 Likes or more. Updates featuring game scores or rally calls accumulate thousands of comments ranging from a simple Go Blue to armchair quarterback criticism of the teams performance. Every sport gets its own social site, with 29 in all.

I view Michigan athletics almost like a league. Major League Baseball or the NBA has 20-plus teams; we are now focused on 29 [Wolverine] teams as opposed to just one, Maleh said.

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College Football Fans Go Social for Sports News