SOURCE: PRNewswire-FirstCall

(West Paterson, NJ) — Interactive Systems Worldwide Inc. today announced that it has received a purchase order, and shortly expects to receive a deposit of $35,000, from the Ontario Lottery and Gaming Corporation ("OLG").

The purchase order authorizes the spending of up to $175,000 for software development and other services.

This software development is required for the modification of the Company's SportXction(TM) sports wagering product to add certain features, including the offering of parley wagering, required by OLG. OLG is authorized under Canadian and provincial law to operate gaming and wagering businesses within the Province of Ontario.

The companies are currently negotiating a development/licensing agreement, which would allow OLG to conduct a six-month field trial of the modified SportXction(TM) product, after its completion, for use in up to two casinos.

The Company is optimistic that this field trial will lead to a broader implementation in multiple casinos and other on-site gaming venues throughout Ontario, Canada.

If successful, the system will have applicability in other Canadian provinces, as well.

The purpose of the issuance of the purchase order at this time is to allow the commencement of the software development without waiting for the completion and signing of the more definitive licensing agreement.

Actual delivery of the modified software will not occur until after signing the licensing agreement.

Bernard Albanese, the Company's CEO, stated, "We are very pleased with this arrangement. The purchase order initially provides the Company with some short-term software development revenue, but more importantly, we are excited by the longer-term prospects of a broad based deployment of the SportXction(TM) product throughout Canada."