Rochester, NY 9/10/2009 11:31:23 PM
OPMRD Optimal Group Inc., Up 3.00% mid morning news update
Optimal Group Inc.l Group Inc.
Last Trade: 2.94
Trade Time: 12:06pm ET
Change: Up 0.0854 (3.00%)
Prev Close: 2.85
Open: 3.58
Day's Range: 2.85 - 3.80
52wk Range: 0.38 - 12.10
Volume: 34,078
Avg Vol (3m):13,236.9
Market Cap: 15.11M
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ABOUT Optimal Group Inc.
Optimal Group Inc. operates in two segments: WowWee and Optimal Payment. Through WowWee, the Company designs, develops, markets and distributes technology-based, consumer robotic, toy and entertainment products. The business segment consists of WowWee Group Limited, WowWee Canada Inc. WowWee USA, Inc. and WW Sablon Holdings. Through Optimal Payments, the Company processes credit card payments for two portfolios of small and medium-sized retail point-of-sale merchants, and continue to receive residual payments from a third portfolio. The business segment consists of Optimal Payments Inc. and its related affiliates. On August 29, 2008, the Company acquired Sablon Distribution S.A., a distributor of toy products in the Benelux countries, Austria and Germany, based in Wauthier-Braine, Belgium. On October 1, 2008, the Company sold substantially all of the assets of the payments processing segment that were used in the business of processing payments for card-not-present transactions.
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