SOURCE: PRNewswire

(West Paterson, New Jersey) — Interactive Systems Worldwide, Inc. (OTC Bulletin Board: ISWI) today announced record monthly wagering volume from the operation of its SportXction(R: 58.72, -0.01, -0.01 percent) system in the UK.

The system operated by Global Interactive Gaming Ltd. ("GIG"), the Company's wholly-owned UK subsidiary, recorded over pounds Sterling 1.9 million ($3.8 million) in turnover (i.e. the total amount wagered) during January 2008.

This total is the largest monthly turnover ever recorded by GIG, and represents a 26 percent increase over the previous record of pounds 1.5 million ($3.1 million) in turnover recorded three months ago for October 2007.

The January 2008 turnover represents a 260 percent increase over the turnover in January 2007 of pounds 533,000 ($1.0 million). The Company is very encouraged by this growth.

Other significant milestones were reached in January. The hold (i.e. the total amount retained by the system after winning wagers are paid) for January surpassed pounds 100K for the first time, reaching pounds 131K ($261K).

This represents a hold percentage of 6.82 percent of the total amount wagered. Another milestone reached is that, since its launch in December 2006, over 1 million wagers have been accepted on the wagering markets managed by the integrated version of the SportXction(R: 58.72, -0.01, -0.01 percent) System.

The Company's revenue from its agreements under which it operates its software has historically been based upon several factors: the turnover, the hold and the contractual revenue (hold) split with its partners.

However, in May 2007 the Company announced that it had reached informal agreement with several of its larger partners to restructure its agreements with them in order for the Company to receive fixed or minimum monthly payments on a temporary basis.

These agreements are still in place.