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Non-Tech : International Lottery and Totalizator Systems (ITSI)
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To: John Algermissen who wrote (32)8/9/1997 4:24:00 PM
From: Gunther Karger   of 160
 
As I mentioned before, Discovery Group, Inc. , independent equity anlysts, re-instated coverage of ITSI January this year, following an absence of about 3 years. I am Director of Research and President of this company. We have followed this company over 10 years. Incidentally, we are not brokers nor do we have any relationship with any brokerage firms. We are 100% independent and search for special situations we believe can give a 100% return over a two year period.

Gunther
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