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

To: Dawgfool who wrote (95)	12/17/1998 12:53:00 PM
From: joe z	Respond to 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!

To: Dawgfool who wrote (95)	12/18/1998 9:59:00 AM
From: joe z	Read Replies (1) \| Respond to of 124

NASRIN competition appears to be heating up. Any further insight? The Gulfstream signing is troubling since I thought they were a sizeable Autotote customer? Roberts Communications Network Inc. has signed Gulfstream Park, Calder Race Course, and Oaklawn Park to exclusive agreements to use the company's frame-relay network. Frame-relay networks transfer data, such as wagering information and handle totals, from one wagering site to another. The technology is gradually replacing analog lines & modems - at most racetracks. The three tracks will join Pimlico, Laurel, Suffolk Downs, Tampa Bay Downs, Emerald Downs, Finger Lakes, and Delaware Park, among others, as RCN customers. Todd Roberts, the president and chief executive officer of RCN, said the contracts with Calder, Gulfstream, and Oaklawn are all multiyear deals, but declined to reveal details.