July 16, 1999 13:17
International Lottery & Totalizator Systems, Inc. (ILTS)
and eLottery Finalize Agreement to Jointly Market on
Net Lottery to ILTS Clients
CARLSBAD, Calif., July 16 /PRNewswire/ -- INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (OTC Bulletin Board: ITSI) and EXECUTONE Information System's (Nasdaq: ELOT) subsidiary, eLottery, Inc. announced today that the companies will jointly market an on net lottery to ILTS' international lottery and pari-mutuel customers. The Companies agreed to develop an interface that will allow ILTS' 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 Internet solutions to them. They have emphasized their requirements for experience, safeguards and security -- three qualifications that influenced our
decision to enter into an 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 pari-mutuel clients including AB Trav och Galopp (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."
ILTS provides computerized wagering systems, equipment and services including gaming system software, wagering terminals, data communications, consulting, training, facilities management and maintenance support to lottery and racing organizations in 18 countries worldwide. For more information about the company, please visit ILTS' Web Site at ilts.com.
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. The Company's electronic lottery tickets can be sold through, and are compatible with, current on-line systems. eLottery is on the World Wide Web at
elottery.com with demonstration games at
elotteryworld.com.
The statements in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by forward-looking statements. These risks and uncertainties include the absence of significant contract backlog, the dependence on business from foreign customers sometimes
in politically unstable regions, political and governmental decisions as to the establishment of lotteries and other wagering industries in which the Company's products are marketed, fluctuations in quarter-by-quarter operating results and other factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 1998.
SOURCE International Lottery & Totalizator Systems, Inc.
/CONTACT: Lou Burns for International Lottery & Totalizator Systems, Inc., 760-931-4027/
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 447250/
/Web site: elotteryworld.com
/Web site: elottery.com
/Web site: ilts.com
(ITSI ELOT |
