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Gold/Mining/Energy : ITV Games Inc. V.TVE (Formerly Border Capital) -- Ignore unavailable to you. Want to Upgrade?

To: Spark who wrote (136)	3/8/2001 8:13:37 PM
From: Boolish	Respond to of 137

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.