iTV Games Completes Integration of Power Trak(TM) with SGI-NET(R) Systems
VANCOUVER, March 8 /CNW/ - (CDNX: TVE - news) iTV Games, Inc. announced
today that it has successfully integrated its Power Trak(TM) software with
Scientific Games International's (an Autotote company, AMEX:TTE) SGI-NET(R) on-
line terminal systems. This integrated system allows lottery customers using
the SGI-NET system to purchase an online bingo ticket from a library of
tickets and enables the tracking of these tickets in a live television
broadcast draw.
"With this integrated solution we can now provide lottery customers with
the necessary draw results and winning ticket information to produce the prize
validation files for the on-line system," said Bill Huntley, President,
Scientific Games International Systems Division. "SGI-NET(R) now supports
multi-jurisdictional on-line bingo games and easily interfaces with the
computer systems installed both at the lottery and its external partners."
"The unveiling of these achievements is yet another important milestone
for iTV Games," said Greg Dureault, President of iTV Games. "Our testing
procedures included the successful completion of simulated sales, draw and
winner validation cycles. Based on reported sales of addressable market
segments, the integration of Power Trak(TM) with SGI-NET(R)'s on-line lottery
systems presents an opportunity to pursue a potential market for these games
of US$6.5 billion in Europe alone."
Mr. Dureault added: "Scientific Games International is the only major
lottery vendor licensed by iTV Games to offer these types of games to its
customers, under a license of registered patents granted by the U.S., European
and Australian Patent Offices. Three patent registrations exist in the U.S.A.,
with other patent registrations in Australia and 18 major European countries.
These patents cover methods of playing bingo or bingo type games of chance,
such as on-line bingo lotteries, over a wide geographic area."
Autotote's acquisition of Scientific Games International has resulted in
Scientific Games assuming responsibility for operating the U.S. on-line
contracts held by Autotote, with the original four (4) U.S. state lottery
customers recently increased to six (6) lotteries. Their combined on-line
contracts in the Caribbean region now include three (3) national lotteries.
Scientific Games International also provides extensive marketing and
distribution services to lotteries. It has installed forty-one (41) on-line or
instant ticket validation systems worldwide, in addition to the Autotote
systems. In Canada, Scientific Games International on-line systems customers
include British Columbia Lottery Corporation and Western Canada Lottery
Corporation. Scientific Games International is the world leader in the
manufacture and marketing of instant lottery tickets with a 68% market share
in U.S.A. The acquisition merges the largest company in the pari-mutuel
wagering business with the only full service instant ticket and lottery
systems company in the world. Because of this merger, iTV Games has been
positioned to leverage the growth of its business with both Autotote and
Scientific Games.
Autotote Corporation is the leading integrated supplier of instant
tickets, systems and services to lotteries, and the leading supplier of
wagering systems and services to pari-mutuel operators. It is also a licensed
pari-mutuel gaming operator in Connecticut, Holland and Germany and a major
supplier of prepaid phone cards to telephone companies. Autotote's customers
are in the United States and more than 60 other countries. For more
information about Autotote, please visit their web site at
autotote.com..
iTV Games, Inc. develops information technology for the US$135 billion
world lottery industry, including games designed for distribution on
conventional online or offline government lottery distribution systems,
broadband Internet, interactive television and wireless systems. iTV Games is
also a majority investor in the St. Mary's Entertainment Center, a successful
licensed gaming facility located in Fredericton, New Brunswick. For more
information about iTV Games, Inc., please visit our web site at:
itvgames.com..
This press release includes statements that constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. This release is for information
purposes only and does not constitute and should not be construed in any way
as an offer to sell or a solicitation of an offer to purchase any of the
securities of any of the companies mentioned herein. iTV Games, Inc. cautions
investors that any forward looking statements made are not guarantees of
future performance and that actual results may differ materially from those in
the forward looking statements. Power Trak(TM) is a registered trademark of
iTV Games, Inc.; all other tradenames and trademarks used herein are the
property of their respective owners.
The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. |
