Interspace Enterprises (fka ITET)

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Gone a long time.. GOOD NEWS& Chart

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Thursday December 20, 9:01 am Eastern Time
Press Release
SOURCE: Interspace Enterprises, Inc.
Interspace Enterprises, Inc. Unveils Planetlotto.com, the First Progressive Online Lottery
LA JOLLA, Calif.--(BUSINESS WIRE)--Dec. 20, 2001--Interspace Enterprises, Inc. (OTCBB: ITET - news), announced that ticket sales begin today on the www.planetlotto.com Web site. Planetlotto.com features a progressive 7/49 Jackpot as well as a Bonus play jackpot with a $2.00 USD ticket price. Players can also participate in additional games on www.planetlotto.com including Instant and Hourly Jackpots as well as Bingo and Scratchcard games. The inaugural draw is scheduled for Friday, Jan. 18, 2002 and will continue on a weekly basis thereafter.

Daniel P. Murphy, President and CEO said, ``Lotteries are the most profitable form of gaming and the most widely accepted form of gaming in the world today. Their success is largely attributable to the impulse nature of the purchase and the excitement of potentially winning millions of dollars. However, traditional lotteries have been limited due to their geographical boundaries, which limits ticket sale potential when these jackpots reach high amounts, thus potential customers are unable to play. By adding a unique jackpot formula with much faster jackpot accrual to the established Liechtenstein Lottery, www.planetlotto.com will cater to the impulse buyer and offer a more appealing game than traditional lotteries because we enable players to purchase lottery tickets in the comfort of their own home, without the hassle of waiting in line. We confirm your purchase via e-mail, eliminating any distribution inefficiencies, and ensure that you never lose your ticket.'

Murphy went on to add, ``PlanetLotto.com is poised to reshape this emerging industry and change the way lotteries are played throughout the world. We will continue to aggressively position the Company to capture market share and anticipate revenue and profitability in 2002.'

Interspace Enterprises, Inc., which was founded in 1998, created PlanetLotto.com, to erase the geographic boundaries that currently fragment the world lottery market, which generated $130 Billion in sales in 2000. By visiting the www.planetLotto.com Web site and purchasing a lottery ticket, people from around the globe have the opportunity to participate in an online lottery with the chance to win millions of dollars.

For more information, visit the company Web site at http://www.interspaceenterprises.com or call Interspace Enterprises -- Investor Relations at 858/456-3539.

Except for the historical matters contained herein, the matters discussed in this news release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Interspace Enterprises, Inc. and its subsidiaries' business and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Interspace Enterprises, Inc.'s limited operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms and those risks discussed in the company's filings with the Securities and Exchange Commission.



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Contact:

Interspace Enterprises, Inc.
Andrew Patient, 858/456-3539
Fax: [phone]
[e-mail]
http://www.interspaceenterprises.com