| Business Summary | | Interactive
Systems
Worldwide,
Inc.,
formerly
known
as
International
Sports
Wagering
Inc.,
has
designed,
developed
and
patented
an
interactive
hardware
and
software
system,
the
SportXction
System,
that
enables
users
to
wager
at
fixed
prices
during
the
course
of
a
sporting
event,
such
as
football,
baseball,
soccer
and
basketball.
The
SportXction
System
accepts
bets
not
only
on
the
outcome
of
a
sporting
event,
but
also
on
discrete
parts
of
the
event
and
on
specific
game
situations.
During
fiscal
2000,
the
focus
of
the
Company
changed
from
an
operator
of
sports
wagering
systems
using
its
proprietary
SportXction
System,
to
a
licensor
of
the
SportXction
System
software
for
use
by
operators
in
sports
wagering
and
sports
contests
systems
worldwide.
In
March
2000,
the
Company
signed
License
Agreements
with
Global
Interactive
Gaming
LLC
and
Global
Interactive
Gaming
Limited. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Interactive
Systems
Worldwide,
Inc.
a
development
stage
company,
has
designed
and
developed
an
interactive,
proprietary,
PC-based
computer
system
that
enables
users
to
wager
during
the
course
of
a
sporting
event.
For
the
nine
months
ended
6/01,
revenues
totalled
$2.9
million,
up
from
$857
thousand.
Net
income
totalled
$1.5
million
vs.
a
loss
of
$1.2
million.
Results
reflect
increased
licensing
fees
from
new
agreements
and
cost
reductions
related
to
the
closing
of
the
Nevada
office. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Barry Mindes, 69 Chairman
and Sec. | $212K | Bernard Albanese, 53 Pres,
CFO, Treasurer | 180K | Andrew Harbison, 42 VP-Software
Devel. | 134K | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|