To: Gravitar who wrote (77 ) 3/13/1998 9:04:00 AM From: Him Read Replies (1) | Respond to of 160
Friday March 13, 6:00 am Eastern Time Company Press Release SOURCE: International Lottery & Totalizator Systems International Lottery & Totalizator Systems Receives Orders Totaling U.S. $ 2.2 Million CARLSBAD, Calif., March 13 /PRNewswire/ -- International Lottery & Totalizator Systems, Inc (Nasdaq: ITSI - news) received two orders from long-time customer AB Trav och Galopp (ATG) of Sweden with a total value of approximately U.S. $ 2.2 million. The contracts include DATAMARK Flipper(TM) terminals and Remote Racetrack Controllers which will be built and delivered in the second and third quarters of 1998. ''These contracts are particularly significant because they closely follow the eighteenth anniversary of the Company's first contract with ATG and bring its total population of DATAMARK(R) terminals to more than 4,000,'' said ILTS President Mark Michalko. ''We have enjoyed a long working partnership with ATG as they have expanded their world-class wagering organization, and we look forward to contributing to their continued success.'' ATG, which has been an ILTS customer since 1980, provides totalizator service for every track in Sweden and operates an off-track betting network of more than 2,000 outlets. In addition to selling horse racing bets, the off- track agencies sell railway and event tickets through the terminal network. The new terminals will be used to expand this multi-purpose network. International Lottery & Totalizator System, Inc. provides computerized wagering systems, equipment and services to lottery and racing organizations worldwide. SOURCE: International Lottery & Totalizator Systems --------------------------------------------------------------------------------