Youbet.com Names Former Network Solutions Executive Jeffrey Grosman as Chief Marketing Officer

October 7, 2008 8:30 AM EDT

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--

Youbet.com (NASDAQ: UBET) today announced that it has appointed internet marketing executive Jeffrey Grosman to the position of Chief Marketing Officer. Mr. Grosman joins Youbet.com from Network Solutions where he was most recently Senior Vice President of Marketing.

"Bringing on someone with Jeff's knowledge and experiences in both the online marketing space and subscription services business is critical to Youbet's evolution from a historic advance deposit wager (ADW) model to a true e-commerce company," said Michael Brodsky, President and Chief Executive Officer of Youbet.com. "We expect Jeff will positively and immediately impact Youbet by launching new and innovative online acquisition channels, enhancing and expanding the suite of tools and online information services to meet customer needs as well as delivering programs to grow and manage our customer's lifecycle."

Over the course of more than five years of service at Network Solutions, Mr. Grosman was responsible for online and offline advertising, branding strategy and driving the company's product marketing initiatives. Prior to Network Solutions, he spent over eleven years with MCI Communications Consumer Markets, where he was responsible for directing the brand and marketing strategy and product operations for several highly successful consumer lines of business. Key among these included the management of the market-leading 1-800-COLLECT brand and the creation and launch of a new strategic partner marketing business unit. Mr. Grosman received his MBA from the Goizueta School of Business at Emory University with a concentration in Marketing and Management and earned his undergraduate degree with a double major in Computer Science and Sociology from Rutgers College at Rutgers University.

"I am very excited about joining a company where the needs sync directly with both my interests and experience," said Mr. Grosman. "Youbet.com is the leading brand in online horse wagering, known for having the best tools, usability and an extremely loyal and passionate customer base. I am looking forward to building upon this leading position by profitably expanding acquisition channels, delivering innovative customer marketing services and enhancing the tools and information set to provide the best user experience in the industry."

About Youbet.com, Inc.

Youbet.com is a diversified provider of technology and pari-mutuel horse racing content for consumers through Internet and telephone platforms and is a leading supplier of totalizator systems, terminals and other pari-mutuel wagering services and systems to the pari-mutuel industry through its United Tote subsidiary. Youbet.com's website offers members the ability to watch and, in most states, wager on the widest variety of horse racing content available worldwide. Through this platform, Youbet offers members commingled track pools, live audio/video, up-to-the-minute track information, real-time wagering information, phone wagering, race replays, simultaneous multi-race viewing and value-added handicapping products.

Source: Youbet.com

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