WorldSpreads and Centric Partner for Greek Launch

6th November 2009 8:37 am GMT

WorldSpreads Group plc has signed a white-label deal with Malta-based FSM Limited, a wholly owned subsidiary of Greece's Centric S.A, to launch a new financial spread betting service in Greece via Spreads.gr.

The launch of the new platform will see Spreads.gr customers provided with access to a number of financial instruments such as stock indices, currencies, commodities, and individual shares.

"We are excited to announce the partnership with one of the pioneering companies in a sector that is rapidly developing," said Rodolfo Odoni, CEO of Centric S.A. "We trust that this expansion in our products and services portfolio will contribute to the group's growth and profitability."

Conor Foley, WorldSpreads' CEO said: "We are very pleased to work with the Centric Group. Their expertise and determination are valuable in the success of the project. We are confident that the new products will have great appeal to the end users and will ultimately enjoy widespread acceptance."

Through its Malta-based subsidiary, Centric also operates the Greek language version site of AIM-listed online gaming and betting operator Sportingbet.com.

Shares in WorldSpreads Group plc (Co. Profile) (AIM:WSPR) are currently trading at 61.50 pence per share in London this morning.

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