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ACTV to Acquire Intellocity

ACTV Inc. said it signed a binding agreement to acquire Denver-based
Intellocity USA Inc. for $32 million in stock.

Intellocity develops interactive-television portals and provides integration
products for other interactive-television companies, ACTV said. The company's
clients have included Liberate Technologies, Wink Communications Inc., ESPN, Food.com and others.

In addition to the $32 million in stock, ACTV said it will 'make an
additional stock payment contingent upon Intellocity meeting certain performance
targets.'

Intellocity generated $8.3 million in revenue last year, ACTV said.

The deal is expected to close by the end of February.