|
Unpleasant news from In-Game Betting company
 August 19, 2008, 7:01 am (3 years ago)Unpleasant news from Global Interactive Gaming Limited parent group Interactive Systems Worldwide Inc (ISWI), this week is that the company won’t be able to address its periodical statement for the period ended 30 June 2008. The company says it’s due to a deficient monetary resources and the expected expenditures related in the groundwork, self-governing assessor assessment and filing of the report as the cause.
GIG's SportXction in-game betting software is utilized by some of the large sports betting names in UK gambling, but the parent company is obviously stressed out by trying to manage in a difficult market, and is going to soon stop trading on the OTCBB, even though it is going to be quoted on the Pink Sheets.
If and when a quarterly report turn out to be potential, company announcements show that it has to present that Interactive Systems Worldwide thinks that it accomplished an rise in incomes and a drop in net operating loss for the 3 months ended 30 June 2008 when compared to the same period in 2007.
If the company can not get fresh financing or go into a tactical transaction, it might have to stop operations. But if its monetary situation gets better adequately, the company aim to file Form 10-QSB and reclaim observance for quotation on the OTCBB, CEO Bernard Albanese has shown.
Tags: Unpleasant, news, from, Global, Interactive, Gaming, Limited, parent, group, Interactive, Systems, Worldwide, IncAutomatic Translation
|
Comments (0)
