ACTV, Inc. Reports September 30, 1998 Results.

NEW YORK--(BUSINESS WIRE)--Nov. 13, 1998--ACTV, Inc. (NASDAQ:IATV) today announced that revenues for the three months ended September 30, 1998 were $301,900, compared to $191,440 during the three-month period ended September 30, 1997. The Company's net loss applicable to common stock shareholders in the more recent three-month period was $3,833,484, or $0.16 per share, compared to a net loss of $2,303,598, or $0.17 per share, for the comparable period during 1997. For the nine months ended September 30, 1998, revenues were $1,058,560 compared to $1,534,295 in the first nine months of 1997. For the 1998 nine-month period, the Company had a net loss applicable to common stock shareholders of $9,869,022, or $0.51 per share, compared with a net loss of $7,042,623, or $0.57 per share, in the comparable period in 1997.

Of the Company's net loss for the nine and three months ended September 30, 1998, $4,342,140 and $1,555,502, respectively, represented net non-cash expense items, including depreciation and amortization, stock appreciation rights, and securities issued in lieu of cash and for services. For the nine and three months ended September 30,1997, net non-cash expense items were $1,903,639 and $977,423, respectively.

                      ACTV, INC. AND SUBSIDIARIES
                 Consolidated Statements of Operations
                              (Unaudited)


Three months ended September 30,                 1998            1997


Revenues                                 $    301,900    $    191,440

Net income (loss) applicable
  to common stock shareholders            ($3,833,484)    ($2,303,598)

Basic and diluted income
  (loss) per share                       ($      0.16)   ($      0.17)

Weighted average number of common
  shares outstanding                       23,422,018      13,171,584



Nine months ended September 30,                  1998            1997


Revenues                                 $  1,058,560    $  1,534,295

Net income (loss) applicable
  to common stock shareholders            ($9,869,022)    ($7,042,623)

Basic and diluted income
 (loss) per share                        ($      0.51)   ($      0.57)

Weighted average number of common
  shares outstanding                       19,309,832      12,338,339