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Interactive Network Inc. (fka INNN) RSS Feed

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INNN Official Company Website: http://www.interactivenetwork.net/ Quote For INNN: Seperates shares traded from volume figure. Good way to catch any shorts at their game http://www.tickertech.com/cgi/?ticker=INNN&a=detailed&x=11&y=4 Soon, pending a proxy vote by current innn shareholders, innn will be merged into its 50% owned Two Way TV(US). Two Way TV LTD will give INNN their 50% stake in Two Way TV(US) in exchange for INNN giving Two Way TV LTD a 45% stake in the newly merged company. When the merger takes effect, Two Way TV(US) will have an exclusive use in North America of all Two Way TV LTD patents, systems and technology. It is expected that Two Way TV(US) will try and duplicate the interactive TV system that Two Way TV LTD has deployed all over Europe. This is quite significant because Europe is light years ahead of the U.S. as far as Interactive TV technology goes. To be able to use a very advanced system in the U.S. should give INNN a very big edge here at home when it changes its name to Two Way TV(US). The current ticker symbol for Interactive Network Inc. is INNN, but when its name is changed to Two Way TV(US) it is expected that its ticker symbol will be changed to TWTV, but nothing is certain as of yet. Currently AT&T is INNN's largest shareholder with a 20% stake in innn. GE's NBC Division holds an almost 10% stake with Gannett holding an almost 5% stake. Two Way TV LTD, the UK company that will get a 45% stake in INNN if the proxy is approved, is itself 48% owned by NTL, the largest Cable TV company in the UK. Although INNN is currently considered a penny stock, I really do think its new carnation could quickly rise to Blue Chip status soon after the merger proxy goes through. Four players will be able to play interactive games on a single TV screen just as soon as carriage is reached with some Cable TV companies.
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