Oct 1 (Reuters) - Interbit Ltd IBIT.V :
* INTERBIT™ PROVIDES CORPORATE UPDATE AND ANNOUNCES MANAGEMENT DEPARTURES
* INTERBIT LTD - NARROWING CANDIDATES TO PERFORM A THIRD PARTY REVIEW AND AUDIT OF INTERBIT PLATFORM CODE AND DESIGN
* INTERBIT LTD - HALTED ALL MATERIAL DEVELOPMENT ACTIVITY BY ITS THIRD PARTY DEVELOPERS AND ENGINEERS BASED IN EASTERN EUROPE.
* INTERBIT LTD - ACCEPTED RESIGNATION OF SCOTT MAXWELL, CHIEF OPERATING OFFICER OF COMPANY
* INTERBIT LTD - TERMINATED RELATIONSHIP WITH TOM THOMPSON, CHIEF TECHNOLOGY OFFICER OF COMPANY, EFFECTIVE IMMEDIATELY
* INTERBIT LTD - ACCEPTED RESIGNATION OF SCOTT MAXWELL, CHIEF OPERATING OFFICER OF COMPANY
* INTERBIT LTD - WILL NOT BE INITIATING A SEARCH FOR A REPLACEMENT CTO OR COO UNTIL GO-FORWARD TECHNICAL NEEDS AND REQUIREMENTS ARE CLEAR
* INTERBIT LTD - ACCEPTED RESIGNATION OF SCOTT MAXWELL, CHIEF OPERATING OFFICER OF COMPANY