Autotote Corp (TTE) --- Computerized wagering equipment Message Board

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Microcap & Penny Stocks : Autotote Corp (TTE) --- Computerized wagering equipment

TTE 62.24

+1.0%

Oct 31 9:30 AM EST

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To: Dawgfool who wrote (95)	12/17/1998 12:53:00 PM
From: joe z	of 124

Thanks for the update! In regards to the Ireland manufacturing facility its good to hear things are operating near capacity. I wouldn't be surprised to see some more machine orders in 1999. Below is some old information on the Italy order: The contract with Sisal Sport Italia SpA is valued at approximately $64 million U.S. dollars and I believe it was contracted for payment in US$ (hedging could eliminate any currency translation problems if it were needed). SISAL lottery sales are close to $2 billion dollars annually and they have been around for decades. If you would like to read up on the Italian company go to sisal.it On average size equipment orders/sales the gross profit margin runs in the 40% range. Perhaps on this larger (Italian) order the margins will be even a little better with economies of scale factored into the equation. As such, your looking at $25 - $30 million in gross profit margins flowing in over the next 2 - 3 years from this one order!

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