News from ELOT this A.M.
First contract for initiating internet lottery sales.
Could be big!!
Tuesday October 26, 7:29 am Eastern Time
Company Press Release
eLottery Announces Internet Sales Contract -
Company Selected to Provide Web-Based Retail Sales
of Jamaica Lottery Tickets
MILFORD, Conn.--(BUSINESS WIRE)--Oct. 26, 1999--eLottery, Inc., a subsidiary of EXECUTONE Information
Systems, Inc. (NASDAQ: ELOT - news), announced today that it has contracted to provide capabilities for web-based retail
sales of lottery tickets for the Jamaica Lottery. As a part of its agreement with the Jamaica Lottery, eLottery will develop an
interface with the existing lottery operations. The initial launch, scheduled for early 2000, is expected to feature Internet sales of
tickets for the Jamaica Lottery's popular existing ''Lotto'' and ''Pick 3'' games.
The Jamaica Lottery conducts one of the largest and most successful lotteries in the Caribbean region. During its last fiscal year
the Jamaica Lottery generated over $50 million in revenue with dividends to worthy causes in excess of $5 million. Prizes paid
to winners were in excess of $22 million. The Jamaica Lottery is a member of the North American Association of State and
Provincial Lotteries.
Howard Mitchell, Chairman of the Jamaica Lottery, commented, ''We have been exploring e-commerce alternatives for some
time now and gave secure execution capabilities and experience first priority in our selection process. From a standpoint of
proven Internet lottery experience, eLottery was the very best possible selection and we are impressed with the Company's
unique focus on the use of Internet based technologies to position lotteries to serve the valuable e-commerce marketplace. Our
mandate at the Jamaica Lottery is to maximize the dividend that benefits health, education and the Sports Development
Foundation. Internet lottery sales will help us increase our dividend to these important programs.''
Kyle Keehan, Director of the Jamaica Lottery, stated, ''The Jamaica Lottery has the highest standards for game fairness and
responsible play and we will take those same standards onto the Internet. We value the ability of eLottery's technology and
experience to control underage play and problem gambling.''
In order to generate traffic for its web-site, the Jamaica Lottery has a link from www.go-jamaica.com, a web site that receives
over six million hits per month and from the official Jamaica lottery web site www.jamaicalottery.com. The Jamaica Lottery will
also link with eLottery co-branded sites.
Eugene Ffolkes, Managing Director of the Jamaica Lottery, commented, ''The Jamaica Lottery has been active in promoting a
multi-national lottery in the Caribbean region. Successful experience with Internet sales for the Jamaica Lottery is expected to
play an important role in demonstrating the full potential for an Internet multi-jurisdictional game. The agreements signed today
calls for eLottery to provide support for Internet retailing throughout the Caribbean region.'' The Jamaica Lottery will also use
eLottery's border control systems to protect against sales to the United States and other jurisdictions in which cross border
sales are not permitted.
Mike Yacenda, President of eLottery, stated, ''We are pleased to have this opportunity to demonstrate the evolution of our
Internet know-how and strategy in this dynamic and challenging market. We are ready to use this platform to demonstrate to all
our potential customers the power of the Internet and the value of our approach to selling Internet lottery tickets.''
eLottery also announced that it will be launching a new reward-entertainment web site at www.eLotteryFreeWay.com which
will offer entertainment games (for no consideration) with registered players earning ePoints and redeeming them for cash and
prizes. eLottery will roll out www.eLotteryFreeWay.com during a special Internet Investor Meeting on November 9, 1999. To
register to attend the on-line meeting go to www.regsvc.com/elottery.
eLottery's mission is to become a leading web-based retailer of governmental lottery tickets. 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 is committed to leading the governmental lottery industry into the e-commerce market. The Company has developed,
installed and operated systems that have processed 10 million e-commerce lottery ticket sales and transactions. It has operated
Internet, Intranet, telephone, communications, accounting, banking, database and other applications and services that can
facilitate the electronic sale of new and existing lottery products worldwide. The Company has also developed transitional
e-commerce solutions for governmental lotteries, which leverage the power of the Internet, while political, legal and social
issues are simultaneously addressed. The new eLotteryFreeWay.com site will be used to attract, aggregate, register, entertain,
retain, and derive revenue from an Internet based community who will also be highly predisposed to playing and purchasing
lottery tickets
eLottery is on the World Wide Web at elottery.com with demonstration games at elotteryworld.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
Executone'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, 203/882-6260
Chief Financial Officer
or
Lippert/Heilshorn and Associates
John Nesbett/Vince Daniels
212/838-3777 |
