WEST PATERSON, New Jersey, January 30 /PRNewswire/ --

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

The 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.

Bernard Albanese, the Company's CEO, stated, We are extremely pleased with Sportingbet's decision to extend the agreement for another three years. It validates the uniqueness of our offering, and attests to their satisfaction with our services. Sportingbet is one of the premier on-line gaming companies in the world, and we are proud to be associated with them in this strategic relationship.

About Interactive Systems Worldwide, Inc.

Interactive Systems Worldwide, Inc. (ISWI.PK) has designed, developed and patented a proprietary software system, the SportXction System, which enables play-by-play wagering during the course of live sporting events. ISWI, through its wholly owned subsidiary Global Interactive Gaming Ltd. (GIG), operates the SportXction(R) System in the U.K., in conjunction with established media and traditional wagering partners. The system can accept wagers from the Internet, handheld wireless devices, interactive televisions, and standalone kiosks. The system can be used for any live broadcast event.

Contact: Interactive Systems Worldwide, Inc. Bernard Albanese Chief Executive Officer Phone: +1 973-256-8181

FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the Company files from time to time with the Securities and Exchange Commission, including Annual Reports, Quarterly Reports and Current Reports on Form 8-K.

Bernard Albanese, Chief Executive Officer of Interactive Systems Worldwide, Inc., +1-973-256-8181