Interactive Systems Worldwide Announces Launch of Live Betting at Sports Venue

Interactive Systems Worldwide Announces Launch of Live Betting at Sports Venue SportXction(TM) Real-Time Betting System to be Made Available to Spectators at Welsh Open Snooker Tournament WEST PATERSON, N.J., Jan. 20 /PRNewswire-FirstCall/ -- Interactive Systems Worldwide Inc. (NASDAQ:ISWI) announced today that its SportXction(TM) wagering system has been made available to snooker fans attending the Welsh Open at the Newport Centre in Wales. Supporters will be able to bet "in-running" for the first time at a competition venue using Internet terminals. Global Interactive Gaming, ISWI's wholly-owned subsidiary, along with totesport, the official betting partner of World Snooker, will be providing several terminals to allow spectators on-site to bet while they watch the action. Joe Scanlon, Managing Director of totesport, commented, "Totesport are delighted to be offering this exciting on-site facility which we hope that punters will enjoy. When people are watching sport they also love to have a bet and it seemed natural to allow those in the arena to do just that. The added benefit now is that they can also hedge their position as the match unfolds." One player who anticipated this move was seven-time World Snooker Champion Steve Davis. Commenting on the move he said, "This has been the obvious next step in snooker betting and I am delighted that it has become reality. Anything that enhances the watching of live snooker can only be beneficial for the game." Barry Mindes, Chairman and CEO of ISWI commented, "Snooker fans who attend the Welsh Open will, for the first time, be able to bet live, in real-time, while watching the games at the competition venue. This new distribution platform for the SportXction(TM) live betting product provides a significant differentiator for totesport from other operators." About SportXction(TM) SportXction(TM) is a patented, real-time, software system, which allows a player to make play-by-play wagers on a sporting event while the event is in progress. Wagering may be conducted while viewing a live or televised sporting event, or listening to it on the radio. The wagers offered are mostly oriented to short-term action, for example, is the penalty kick successful, is the next play a run or a pass, is the next pitch a ball or a strike, does the shooter make two foul shots, and many more. The wagers have odds associated with them, which relate to the probable outcome of the proposition being wagered upon, and the odds are adjusted in real time to balance the pool using proprietary artificial intelligence software to reflect player sentiment, as derived from the betting patterns. The system can be used with virtually any sport. About Tote Credit Limited The parent company of Tote Credit, the Horserace Totalisator Board, has offered pool betting on all UK racecourses since 1929. The Horserace Totalisator Board continues to hold the exclusive licence to offer pool betting on all UK horseracing and Tote Credit offers its huge client base a wide range of betting opportunities via the telephone and through www.totesport.com, its Internet arm. About Global Interactive Gaming Limited (GIG) GIG was acquired by ISWI from international owners, principally The Kirch Group, a German multimedia conglomerate, in late July 2002. GIG has modern, secure facilities, including operating suites, a computer hub with communications services, system demonstration resources, plus offices to house corporate/administrative, operations, technical, maintenance, support, marketing and legal services. The facility is capable of simultaneously operating the SportXction(TM) system on four sporting events while interconnected with users playing the game via interactive television, the Internet and mobile phones. GIG intends to offer play-by-play wagering on well over 1,000 sporting events in 2005. GIG currently has a staff of 10 and there is substantial room for expansion in the facility. This press release contains "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including, but not limited to; whether the agreement with Tote Credit Limited will generate significant revenue for ISWI. Investors are cautioned that these statements involve risks and uncertainties and that actual results may be different from those contained in these forward-looking statements. Additional risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission, including but not limited to its Form 10-KSB for the year ended September 30, 2004. CONTACTS: For ISWI: (973) 256-8181 For Investors: (858) 456-4533 Barry Mindes (Chairman) Hayden Communications bmindes@sportxction.com Matthew Hayden (President) Bernard Albanese (President) matt@haydenir.combalbanese@sportxction.com Source: Interactive Systems Worldwide Inc. CONTACT: Barry Mindes, Chairman, bmindes@sportxction.com, or Bernard Albanese, President, balbanese@sportxction.com, both for Interactive Systems Worldwide Inc., +1-973-256-8181; or Investors, Matthew Hayden, President of Hayden Communications, +1-858-456-4533, matt@haydenir.com, for Interactive Systems Worldwide Inc. Web site: http://www.totesport.com/ ------- Profile: International Entertainment