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Microcap & Penny Stocks : Autotote Corp (TTE) --- Computerized wagering equipment -- Ignore unavailable to you. Want to Upgrade?

To: Dawgfool who wrote (66)	10/23/1998 1:51:00 PM
From: joe z	Read Replies (1) \| Respond to of 124

TTE is getting paid on a delivery basis. The total contract from the Italian order is worth close to $64 million. Revenue will run about $5 million to $7 million per quarter for the next 2 to 3 years. As they just started shipping this month the FY ending October will even include some revenue from the contract. Even Chile is ordering 500 Mark II terminals valued at $3 million or more. That leaves 4,500 Mark II terminals in other countries that will eventually be replaced or upgraded to new equipment which could generate revenue of about $27 million over time.