Caliente Goes Live with SportXction(R) System; GIG's First Non-European Partner Launches System in Ten Race & Sports Books.WEST PATERSON West Paterson (păt`ərsən), borough (1990 pop. 10,982), Passaic co., NE N.J., a suburb of Paterson; inc. 1914. Electric, electronic, and photographic products are made in the borough. , N.J. -- Interactive Systems Worldwide, Inc.'s (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ISWI ISWI International Student Week in Ilmenau (Germany) ) partner, Hipodromo de Agua Caliente S Agua Caliente (also: Aguas Calientes, Aguascalientes, etc.) means "hot springs" in Spanish. The term has several uses: Place names:
Caliente owns and/or provides services to 160 betting shops, known as Race & Sports Books, throughout Mexico, Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and the Caribbean. The SportXction System software is licensed from Global Interactive Gaming Ltd. (GIG), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ISWI, through agreements signed in August. Under the terms of the agreement, GIG provided software and services that enabled Caliente to offer this enhanced play-by-play sports betting Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. service in all of its Race & Sports Books locations. The soft launch is expected to run for approximately three months, after which time the SportXction system will be rolled out throughout Caliente's Race & Sports Books. The enhanced betting capabilities are also expected to be available on Caliente's website in the future. Caliente is operating the play-by-play betting service using its own personnel. GIG has provided initial set-up support and some software customization and training, and will provide on-going technical assistance. The agreement specifies monthly service fees for technical assistance, as well as monthly license fees based on the handle derived from the enhanced play-by-play betting service. Bernard Albanese, chief executive officer of ISWI, said: "We are excited to have Caliente, GIG's first non-European partner, launch so soon after the contract signing. This rapid implementation is a testament to the dedication and hard work of employees at both companies, and we look forward to the deployment of the SportXction system throughout the entire Caliente network." The Company's goal is to replicate this model in other parts of the world, and discussions are pending with other potential licensing partners. "The launching of this new project has been a great joint effort on which we have been working non-stop with one objective: to provide Caliente customers with a state-of-the-art and unique betting product," said Victor de La Fuente De La Fuente is a common surname in the Spanish language meaning of the Source
The agreement between Caliente and GIG is for an initial 3-year term. Caliente expects to make the SportXction system available for American football, baseball, soccer, golf, tennis and basketball. Caliente offers its wagering opportunities in both English and Spanish. About Caliente Caliente is a Mexican corporation that has been a leading player in the Latin American Entertainment and Gaming Industry since 1916. The company's roots are in the famous Agua Caliente Race Track immortalized in the famous movie Seabiscuit. Presently Caliente Group operates more than 85 establishments and provides operational services to another 80 locations known as Race & Sports Books, where customers can enjoy and wager on races held at the most important horse and greyhound racing tracks in the world, as well as sporting events of major international relevance. Leveraging an extensive technological and human infrastructure, Caliente provides operation services in Antigua, Argentina, Aruba, Brazil, Colombia, Curacao, Ecuador, Mexico, Panama, Paraguay, Peru, St. Maarten, Uruguay, Venezuela, and Austria. Additionally, Caliente Group operates a Greyhound Track in Tijuana, Baja California Baja California, state, Mexico Baja California (Span.: bä`hä kälēfōr`nyä), state (1990 pop. 1,660,855), 27,628 sq mi (71,576 sq km), NW Mexico, on the Baja California peninsula. Mexicali is the capital. , Mexico with live racing every day of the year, as well as 20 Bingo Halls distributed among the most important cities in Mexico List of the largest cities in Mexico: City Population (est. 2002) México, DF (Mexico City) 8,548,639 Ecatepec de Morelos, México 1,969,858 Guadalajara, Jalisco 1,651,417 Tijuana, Baja California 1,465,649 Ciudad Juárez, Chihuahua 1,440,025 . About Interactive Systems Worldwide, Inc. Interactive Systems Worldwide, Inc. (Nasdaq: ISWI) has designed, developed and patented a proprietary software system, the SportXction System, which enables play-by-play wagering during the course of live sporting events. ISWI, through its wholly owned subsidiary Global Interactive Gaming (GIG), operates the SportXction(R) System in the U.K., in conjunction with established media and traditional wagering partners. The system can accept wagers from the Internet, handheld wireless devices, interactive televisions, and standalone kiosks. GIG currently operates the SportXction(R) System for soccer, cricket, golf, rugby union rugby union Noun a form of rugby played between teams of 15 players , tennis, football, basketball, snooker snooker Variation of English billiards. It is played with 15 red balls and 6 variously coloured balls. Snooker arose, probably in India, as a game for soldiers in the 1870s. , and darts. The system can be used for any live broadcast event worldwide. FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. . |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion