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iBetX Data Shows Google to be Overrated

12 Aug 2004

LONDON – (PRESS RELEASE)-- iBetX, Ltd., the leading online person-to-person trading exchange market data shows Google to be over priced. Four different markets offered on iBetX all show a similar pattern;

- First day up or down - market shows Google will be down on first day of trading

- Over/under opening price - what will be the opening share price on the first day of trading - 65% of trading shows the share price to be below $125

- Opening price - What will be the opening share price of Google on its first day of trading? With four choices ranging from 90 or above to 130 and above - $90 to $100 is the favorite

- Percentage change - what will be the opening percentage change on first day of trading, from -30 to + 30 the market data shows the percentage change to be between -1 and -10

Industry analysts have been using the opinion polls for centuries to show what is happening or what the public thinks will happen? Although it was good enough method in the past, Well-constructed open markets are better predictors of future than the experts. In a classic example, the average guess, made by 100 participants, on the number of jellybeans in a jar is typically better than the best individual guess. Decisions derived from thousands of informed people would be more accurate prediction of reality.

iBetX Director Imraan Malik commented "While polls show what people think now, the iBetX trading exchange shows what informed people with their own money at stake, think what will eventually happen to Google's IPO"

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