ITW Interactive Wor

RNS Number:1808D
Interactive World plc
03 September 2007


Press Release                                                3 September 2007

                             Interactive World plc

                     ("Interactive World" or "the Company")

                                 Result of EGM
                               Operational Update

Interactive World plc, the mobile content technology company, announces that, at
the Extraordinary General Meeting held today at the offices of Daniel Stewart &
Company plc, all of the resolutions proposed to shareholders, as set out in its
circular to shareholders dated 8 August 2007, were duly passed.

The resolutions included the approval of the proposed acquisition of the entire
issued share capital of Sport Newspapers Limited ("Sport Newspapers"), by way of
a reverse takeover, for a total consideration of approximately #50 million and
the Company's change of name to Sport Media Group plc ("Sport Media" or "the
Group"). The enlarged issued share capital of the Group will be admitted to
trading on AIM on 5 September 2007. The enlarged Group will trade under its new
name, with the market EPIC of SPMG on Admission.

The proposed Board change, whereby Andrew Fickling, Managing Director of Sport
Newspapers will become Executive Director, will also become effective on 5
September 2007.

Interactive World expects that its preliminary results for the year ended 31
July 2007 will be in line with market expectations. In addition, the Company can
also report that the initial restructuring of The Sport, as detailed in the
acquisition announcement dated 8 August 2007, has progressed well with initial
positive feedback received from retailers, advertisers and readers.

Andrew Fletcher, Chief Financial Officer of the enlarged Group said: "We are
extremely pleased that all the resolutions have been duly passed and that the
enlarged Group can commence trading as Sport Media Group plc on 5 September
2007. The management of both businesses had jointly approached our common
majority shareholder with this proposition which makes strategic and commercial
sense. Each company is already highly cash generative and profitable. By
integrating traditional print media with new media content-delivery channels, as
well as other initiatives to refocus the editorial direction of the newspapers,
we aim to build on the current customer base - small increases in which can have
a significant positive impact to the bottom line of the Group."

                                    - Ends -

For further information, please contact:

Interactive World plc
Andrew Fletcher, Chief Financial Officer               + 44 (0) 20 8507 6969
                                                       www.interactiveworld.com
                                                     ---------------------------

Daniel Stewart & Company plc
Alastair Cade / Katie Shelton                          + 44 (0) 20 7776 6550
                                                       www.danielstewart.co.uk
                                                       -------------------------

Media enquiries:
Abchurch Communications
Chris Lane / Gareth Mead                               Tel: +44 (0) 20 7398 7700
chris.lane@abchurch-group.com                          www.abchurch-group.com
                                                       -------------------------





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