Hi everyone,
Thought I'd pass along this latest news from ITSI, in case anyone hasn't heard about it:
International Lottery & Totalizator Systems, Inc. (ILTS) and eLottery Finalize Agreement to Jointly Market on Net Lottery to ILTS Clients
PR Newswire - July 16, 1999 13:17
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. |
