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