Feb 21 (Reuters) - Interbit Ltd IBIT.V :
* INTERBIT™ ANNOUNCES PATENT AND STRATEGIC REVIEW UPDATE
* INTERBIT LTD - PROCEEDING TO FILE AN EXPEDITED EXAMINATION
REQUEST IN U.S. FOR CHAIN JOINING APPLICATION
* INTERBIT LTD - CONCLUDED IT IS IN BEST INTEREST TO FOCUS
ON
ADVANCING ITS PATENT STRATEGY
* INTERBIT LTD - WILL CONTINUE WITH ONGOING STRATEGIC
REVIEW AND
EXPLORE AND EVALUATE OPPORTUNITIES TO MAXIMIZE SHAREHOLDER VALUE
* INTERBIT LTD - NOW WORKING WITH XINOVA TO IDENTIFY
POTENTIAL
PARTNERS TO WORK WITH OR TO POTENTIALLY LICENSE ITS INTELLECTUAL
PROPERTY TO
* INTERBIT - REVIEWS IDENTIFIED THAT INTERBIT PLATFORM
WOULD
REQUIRE SIGNIFICANT ADDITIONAL WORK BEFORE HAVING POTENTIAL TO
GENERATE COMMERCIAL RETURNS
Source text for Eikon: ID:nGNXG6SH8
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(Reuters.Briefs@thomsonreuters.com)