Powerhouse Ener Regulatory News (PHE)

30 September 2010

BIDTIMES PLC

("Bidtimes" or "the Company")

Interim Results for six months ended 30 June 2010

Chairman's statement

I am pleased to present the interim results of the Company for the six month period ended 30 June 2010 in which the Company continued to pursue its stated investment strategy, albeit with a limited budget, in order to build value for its shareholders.

During the period under review, the Company continued to focus on identifying and assessing investment opportunities in the energy sector, particularly the alternative energy sector. The Company is continuing to assess an opportunity in the clean energy sector which was highlighted in the Company's last annual report, as the Directors believe that considerable opportunities with the potential to create shareholder value exist within this industry.

Very limited exploration work has been carried out on the exploration licence over the Kyber Pass project, the Company's joint venture interest in South Australia. The Company continues to review the data generated from this work, in order to assess whether further investment is warranted.

During the six month period, the Company made a loss of £26,421 after taxation, compared with a loss of £101,358 in the ten months ended 31 December 2009.

Anthony Brennan

Executive Chairman

30 September 2010

Enquiries:

Income Statement

for the six months ended 30 June 2010

All activities relate to continuing operations

Balance Sheet

as at 30 June 2010

Cash Flow Statement

for the six months ended 30 June 2010

Other primary statements the six months ended 30 June 2010

Statement of total recognised gains and losses

Notes to the interim results

for the six months ended 30 June 2010

1. Accounting policies

The interim financial statements have been prepared in accordance with IAS 34, "Interim Financial Reporting" as adopted by the European Union. The principal accounting policies of Bidtimes for the interim financial statements have remained unchanged from those set out in Bidtimes' 2009 annual report and financial statements, which have been prepared in accordance with IFRS as adopted by the European Union.

2. Basis of preparation

The financial information set out in this interim report does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. The figures for the ten month period ended 31 December 2009, have been extracted from the statutory financial statements, prepared under IFRS, which have been filed with the Registrar of Companies. The auditors report on those financial statements was unqualified, did not contain an emphasis of matter paragraph and did not contain a statement under Section 498 of the Companies Act 2006.

3. Dividends

No dividend is proposed for the six months ended 30 June 2010.

4. Taxation

On the grounds that year to date losses have been made there is no taxation charged to the profit and loss account in this period.

5. Loss per share

The calculation of the basic loss per share is based on the loss on ordinary activities after tax and on the weighted average number of shares in issue during the period. The impact of the share options is anti-dilutive. The loss and weighted average number of shares used in the calculations are set out below

6. Investments

This represents costs incurred on investigating and pursuing certain investment opportunities.

7. Trade and other payables

Included in trade creditors is an unsecured interest-free loan of £138,571 advanced to the Company by a third party to fund the costs of investigating and pursuing an acquisition opportunity in the clean energy sector. In the event that the Company is unable to conclude the acquisition, the loan will be waived.

8. Reconciliation of movements in shareholders' funds

9. Reconciliation of operating loss with net cash flow from operating activities

10. Analysis of changes in cash and cash equivalents and net funds

11. Copies of the Interim Results are available for download from the Company's website at www.bidtimes.com

or by request from the Company's registered office, Meriden House, 6 Great Cornbow, Halesowen, West

Midlands B63 3AB.