Warrant jack? stock hitting a new 52wk hight today.
Tuesday December 4, 2:22 pm Eastern Time
Press Release
SOURCE: ISW
Interactive Systems Worldwide to Extend Warrants
WEST PATERSON, N.J.--(BUSINESS WIRE)--Dec. 4, 2001--Interactive Systems Worldwide, Inc. (NASDAQ SmallCap: ISWI, NASDAQ: ISWIW) announced today that the 1,725,000 Warrants to purchase its Common Stock that were due to expire at 5:00PM New York City time on December 11, 2001, have been extended.
These Warrants will now expire at 5:00PM New York City time on February 25, 2002.
About SportXction(TM)
Developed by Interactive Systems Worldwide, SportXction(TM) is a patented, real-time, software system, which allows a player to make play-by-play wagers on a sporting event while the event is in progress. Wagering may be conducted while viewing a television broadcast of a sporting event. The wagers offered are mostly oriented to short-term plays, for example, is the next play a run or a pass, is the next pitch a ball or a strike, does the shooter make two foul shots, and many more, including parlays, in most sports. The wagers have odds associated with them, which relate to the probable outcome of the proposition being wagered upon, and the odds are adjusted in real time by proprietary artificial intelligence software to reflect player sentiment, as derived from the betting patterns. The system also supports traditional, pre-game sports wagers.
This press release contains ``forward-looking statements'' made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including, but not limited to, whether the interactive betting service will be launched on the projected dates; and whether use if the system will increase ITV Digital's subscriber revenue and the consequences thereof to GIG and the Company. Investors are cautioned that these statements involve risks and uncertainties. Additional risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission, including its Form 10-KSB for the year ended September 30, 2000.
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Contact:
ISW
Barry Mindes, 973/256-8181
bmindes@sportxction.com
Bernard Albanese, 973/256-8181
balbanese@sportxction.com
or
For Investors:
Matthew Hayden, 843/272-4653
matt@haydenir.com |
