International edition
September 28, 2021

Through 2011

ISWI subsidiary extended its agreement with Sportingbet

(UK).- Interactive Systems Worldwide, Inc. (ISWI) announced that its wholly-owned subsidiary, Global Interactive Gaming Limited, has extended its agreement with a subsidiary of Sportingbet, the online sports betting and gaming group, until the end of 2011.


he financial terms of the previous agreement regarding GIG’s fees, which specified that GIG’s monthly revenue would be determined by the greater of a revenue share percentage and a minimum monthly guarantee, are unchanged and will remain in effect for the duration of the extended agreement.

In addition, Sportingbet has agreed to provide to GIG, in a series of four quarterly payments, an advance payment of a portion of the next three years’ monthly minimums. The companies have agreed to a schedule of credits to be provided by GIG to Sportingbet applicable to future monthly service invoices to offset the advance payments.

As a part of this agreement, ISWI has issued to Sportingbet a 5-year warrant to purchase 500,000 shares of ISWI common stock at a price of us$ 0.50.

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