ISWI Subsidiary Launches New Integrated Service with Ladbrokes.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. (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) ), through its wholly-owned subsidiary in London, Global Interactive Gaming Limited ("GIG"), has initiated its integrated and enhanced in-run live betting service in cooperation with GIG's partner, Ladbrokes eGaming ("Ladbrokes"). Under the terms of the agreement, GIG is providing software and services to allow Ladbrokes to offer timely, play-by-play betting throughout the course of a sporting event. The betting markets are fully integrated and offered alongside Ladbrokes' existing offerings, through its Internet betting site, www.ladbrokes.com. In this non-exclusive arrangement, which will provide GIG with a share of the wagering wa·ger n. 1. a. An agreement under which each bettor pledges a certain amount to the other depending on the outcome of an unsettled matter. b. A matter bet on; a gamble. 2. revenue, GIG will manage certain in-run play-by-play wagering markets that would be offered in conjunction with other more traditional markets that are already managed by Ladbrokes. The markets will be offered in multiple languages, and wagers WAGERS. A wager is a bet a contract by which two parties or more agree that a certain sum of money, or other thing, shall be paid or delivered to one of them, on the happening or not happening of an uncertain event. 2. The law does not prohibit all wagers. will be accepted in multiple currencies. Ladbrokes' Bet-In-Play zone already features a statistics center, live news and scores and text commentary. GIG utilizes the SportXction([R]) System, developed by ISWI, to administer the markets as well as to manage gaming risk of these primarily short-term, play-by-play oriented, betting opportunities, offered during a live sporting event. Bernard Albanese, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ISWI, said, "We are very pleased to have launched this unique new service with Ladbrokes, the world's largest bookmaker and a major force in the gaming industry. This partnership allows Ladbrokes to offer their customers the most comprehensive in-run betting service available to the public. This event, in combination with other recent launches represents a new phase for the Company, one in which we hope to see substantially increased revenues through our existing partners, as well as new opportunities for additional license and partnership relationships." David Briggs David Briggs is the name of:
The agreement with Ladbrokes is for an initial 18-month term. Ladbrokes will make the SportXction([R]) System available for all of the currently available sports of football, cricket, golf, tennis, rugby, 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. 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 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. 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 several interactive mediums including the Internet, handheld wireless devices, interactive television, and standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. kiosks. GIG currently operates the SportXction[R] System for soccer, cricket, golf, rugby, tennis, football, basketball, snooker, and darts. The system can be used for any live broadcast event worldwide. About Ladbrokes Ladbrokes was first established in 1886 taking wagers in the Gentlemans' clubs of London. Today Ladbrokes is the world's leading retail bookmaker, taking over 350 million bets a year at over 2,500 high street betting shops betting shop Noun (in Britain) a licensed bookmaker's premises not on a racecourse Noun 1. betting shop - a licensed bookmaker's shop that is not at the race track in the UK, Ireland and Belgium and at 47 leading football clubs and 11 horseracing tracks. It has the highest brand awareness of any bookmaker in the UK and has reinvented the betting shop experience with a PS25 million annual investment in design and technology since 2001. Its latest innovation - Ladbrokes Xtra - is an exclusive second dedicated betting shop broadcast channel showing a wide range of racing and sports events that other bookmakers cannot offer. Online, Ladbrokes.com has over 2 million registered customers from over 200 countries betting in 12 languages using 18 currencies. Ladbrokes.com was awarded best 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. operator at the 2005 eGaming Awards and best innovation for its Ladbrokes Financials product which enables betting on 5 minute movements in stock exchange indices like the FTSE-100 Index. Completing the comprehensive portal offering is Ladbrokespoker.com, the most popular poker site with European players, Ladbrokescasino.com and Ladbrokesgames.com. FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : 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, including, but not limited to, whether the Company will realize substantially increased revenues. 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. . |
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