Tuesday, April 03, 2007

New World Opportunity Partners Discloses Discussions with Youbet.com (UBET), May Seek Board Representation

In a 13D filing on Youbet.com Inc. (Nasdaq: UBET), 9.3% holder New World Opportunity Partners disclosed they changed their filing status from 13G (passive) to 13D, saying they have engaged in discussions with the company's management and Board of Directors on business operations and future plans and the composition of the Board of Directors.

The firm said in the event it seeks representation on the Board of Directors, they may recommend Jay R. Pritzker as a potential director of the Company.

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