ISWI’S Partner, GIG, Signs Second Major Ligaz888 Interactive TV Betting Service Agreement With ITV Digital

Interactive Systems Worldwide, Inc. (NASDAQ:ISWI), based in West Paterson, NJ, developed and patented a software platform which enables users to wager play-by-play while watching a live sporting event. ISW and its partner Global Interactive Systems, Ltd. have issued two releases today outlining agreements that have been made (TeleWest Communications and ITV Digital) with two of the largest digital TV providers in the UK.


WEST PATERSON, N.J.–Sept. 10, 2001–Interactive Systems Worldwide, Inc. (Nasdaq:ISWI – news) announced today that its licensee and financial partner, Global Interactive Gaming, Ltd. (GIG), signed its second agreement to develop and launch an interactive wagering product. This agreement is between GIG and ITV Digital, a communications provider with an established base of over one million Interactive TV and Internet customers, now offering the world’s first commercial digital terrestrial TV platform. The two companies will jointly develop a fully interactive, play-by-play consumer betting product, with a rollout expected for early 2002. The ultimate goal is to extend GIG’s service to all of ITV Digital’s 1.1 million customers.


GIG’s interactive wagering product utilizes ISWI’s unique, patent protected, SportXction(TM) software platform. The licensing agreements signed in March 2000 between ISWI and GIG, provide to ISWI as license fees, a share of the revenue from all systems utilizing its technology. (for more information see “About ISWI – GIG License Agreements”, below.)


Barry Mindes, Chairman & CEO of Interactive Systems Worldwide, Inc. stated, “We are extremely pleased that GIG has signed its second development and distribution agreement in the last week, this one with ITV, one of the true pioneers of interactive television. These agreements validate ISWI’s decision to partner with one of the leading communications and media groups in the UK. By aligning the SportXction(TM) platform with the leading Digital Television providers, who are committed to developing, marketing …

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The slot department on the casino floor can be a confusing place. Hundreds of different machines greet the player. Bright colors, mindless electronic tunes and flashing lights seem to assault the senses. Different pay tables and payoff percentages; straight payoffs or progressive slot systems; win-a-car prizes or take the money and run; the choices are tremendous. Just making a decision about which machine to play often seems to be daunting.


Can you win playing a slot machine?


Yes. Slot machines are set to pay back a certain percentage. In New Jersey, by law, slot machines must pay back 83 percent of the money played. In Nevada, it’s 75 percent. Most major properties in each jurisdiction, however, pay back much more than that.


But even at 75 percent, a player can hit a lucky streak and go home a winner. Sure, most players may not win anything, but there are plenty who do win if they know the secret. Somebody’s got to get lucky. Why can’t it be you?


The key to beating the slot machines is to quit while you’re ahead. Money management is sometimes an overused term in the gamblers’ world, but it applies here. Set a reasonable win goal. If you have a budget of $100, don’t try to double your money. The chance of that happening is remote. Quit when you get $25 ahead. Go enjoy a show. Get a meal. Or simply watch the other players. And when you get home, you can say you beat the casino.


Most progressive slot systems (Megabucks, Quartermania, Pokermania) pay out their jackpots over a 20-year period. What happens if the casino goes out of  business during that time? What are the payout percentages for these systems?


In the case of the …