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Non-Tech : ISWI - International Sports Wagering -- Ignore unavailable to you. Want to Upgrade?

To: Kevin who wrote (20)	4/23/1998 3:15:00 PM
From: Carolyn S.	Read Replies (2) \| Respond to of 197

International Sports Wagering Inc. Granted Nevada Gaming License PR Newswire - April 23, 1998 15:05 ISWI %CNO V%PRN P%PRN -------------------------------------------------------------------------------- LITTLE FALLS, N.J., April 23 /PRNewswire/ -- International Sports Wagering Inc. (Nasdaq: ISWI) announced today that the State of Nevada Gaming Commission had granted the Company a gaming license as an operator of an inter-casino linked system ("OILS License"). As a result of receiving its OILS License, the Company will now be able to operate its SportXction(TM) sports wagering System through a central Hub located at the Company's facility in Las Vegas. The Company will also be able to participate in the revenue generated by wagering through the System. The Company has designed and developed the SportXction sports wagering system, an interactive, proprietary, PC-based computer system that enables users to wager during the course of a sporting event. The System accepts bets not only on the outcome of a sporting event, but also on discrete parts of the event and on specific game situations, such as will a team get a first down, will a batter get on base, or will a player make two foul shots. The System is unique in that it permits viewing a sports contest and simultaneously wagering while game situations are in progress. The Company intends to re-commence operation of its SportXction sports wagering System during the month of May 1998 at casinos in Las Vegas, Nevada, utilizing approximately 200 of the Company's Player Betting Stations. All of the Company's Player Betting Stations located at casinos will be interlinked via telecommunications' lines with the Hub. The Company is also currently marketing its SportXction System to other casinos in Nevada. This press release contains "forward-looking statements" made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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. SOURCE International Sports Wagering Inc. /CONTACT: Barry Mindes, Chairman of International Sports Wagering, 973-256-8181, or 702-262-5600/ (ISWI)