Thursday July 15, 8:04 am Eastern Time
Company Press Release
eLOTTERY And International Lottery and
Totalizator Systems Inc. -ILTS- Finalize Agreement to
Jointly Market On Net Lottery to ILTS Clients
MILFORD, Conn.--(BUSINESS WIRE)--July 15, 1999--EXECUTONE Information System's (NASDAQ: ELOT - news)
subsidiary, eLottery, Inc. and International Lottery and Totalizator Systems, Inc. (OTC:BB-ITSI) announced today that the
companies will jointly market an on net lottery to ILTS's international lottery and pari-mutuel customers. The Companies
agreed to develop an interface that will allow ILTS's lottery systems to process eLottery's web-based retailing of lottery
tickets.
ILTS Vice-President Lou Burns stated, ''Our clients are asking us to present eCommerce solutions to them. They have
emphasized their requirements for experience, safeguards and security - three qualifications that made us enter into this
agreement with eLottery. This strategic partnership, coupled with other recent alliances, is a further step in our goal to provide
a full range of products and services.''
Collectively ILTS international clients represent several billion dollars in total ticket sales. ILTS lottery clients are: the New
South Wales Lottery (Australia), the Philippines Gaming Management Corp. (Philippines Lottery), Lotto Ptv. Ltd. (Papua
New Guinea,) Sarawak Lottery (Malaysia), The Hong Kong Jockey Club (Hong Kong Lottery) and Olympic Gold plc
(Ukraine Lottery). The agreement also extends to joint marketing efforts with respect to ILTS paramutual clients including AB
Travoch Gallopp (Sweden), Norsk Rikstoto (Norway), South Australia TAB (Australia), Western Australia TAB (Australia),
Macau Jockey Club (Macau), Singapore Turf Club (Singapore), and Dantoto (Denmark).
According to eLottery President Mike Yacenda, ''We are pleased to partner with ILTS to offer our capabilities for Internet
distribution of lottery products to their clients. This is another example of how eLottery's web based retailing can work hand in
hand with traditional lottery systems providers.''
eLottery, Inc. is a web-based retailer of governmental lottery tickets. Using its past experience and its market tested and
secure products, eLottery is committed to leading the governmental lottery industry into the eCommerce market. As a
web-based electronic ticket retailer, the Company's electronic lottery tickets can be sold through, and are compatible with,
current on-line systems. eLottery has positioned itself to become a leader in the area by helping governmental lotteries address
the legal, political and social issues they face as a result of the rapid growth in Internet sales. The Company has developed,
installed and operated systems that have processed over 10 million eCommerce lottery ticket sales and transactions. It has
operated Internet, Intranet, telephone, communications, accounting, banking, database and other applications and services that
facilitate the electronic sale of new and existing lottery products worldwide. eLottery is on the World Wide Web at
elottery.com with demonstration games at elotteryworld.com.
International Lottery & Totalizator Systems, Inc. provides computerized wagering systems, equipment and services to lottery
and racing organizations in 18 countries on four continents. For more information about the company, please visit ILTS'
website at ilts.com.
Executone Information Systems, Inc. develops, markets and supports voice and data communications and information systems.
Products and services include telephone systems, voice mail systems, inbound and outbound call center systems, and
specialized healthcare communications and workflow management systems. Executone's products and services are sold under
the EXECUTONE, INFOSTAR, IDS, LIFESAVER, and INFOSTAR/ILS brand names. Executone is on the World Wide
Web at executone.com.
This news release contains forward-looking statements. Such statements are subject to certain factors, which may cause
eLottery's plans to differ or results to vary from those expected including the risks associated with the development of new
products and the uncertainty of product acceptance, the competitive nature of the Company's industry, rapid technological
change, legal uncertainties, the Company's dependence on key personnel, and a variety of risks set forth from time to time in
Company filings with the Securities and Exchange Commission.
Contact:
Edward W. Stone
Chief Financial Officer
(203) 882-6260
or
Lippert/Heilshorn and Associates, New York
Vince Daniels/John Nesbett
(212)-838-3777 |
