Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : eLottery.com (ELOT) / (NASDAQ NM:XTON) -- Ignore unavailable to you. Want to Upgrade?

To: BobKuz who wrote (318)	5/12/1999 9:00:00 AM
From: Herc	Read Replies (2) \| Respond to of 1266

Here's the poop. How much will it gap up this A.M.? May 12, 1999 07:05 AM MILFORD, Conn.--(BUSINESS WIRE)--May 12, 1999-- - Autotote Lottery Systems To Have eLottery Interface - EXECUTONE Information System's ELOT subsidiary, eLottery, Inc. announced today that eLottery has entered into a Strategic Partnership Agreement with Autotote Corporation TTE . The companies have agreed to jointly market eLottery's web-based lottery retailing to Autotote's domestic and international governmental lottery customers. The Companies agreed to develop an interface that will allow Autotote's lottery systems to process eLottery's web-based retailing of lottery tickets. In addition, eLottery agreed to license its instant ticket gaming systems to Autotote for use by its lottery clients and other selected state lotteries. eLottery president Michael Yacenda stated, "The combination of eLottery's web-based retailing with Autotote's locations and services means that both our companies will benefit. We will now be able to jointly market to governmental lotteries our proven, on-net retail distribution technology for lottery tickets." According to eLottery's incoming chairman Robert Berman, "This agreement with Autotote is an important milestone for eLottery. It affirms our belief that our web-based lottery ticket retailing for governmental lotteries is complementary, not competitive, with traditional lottery companies such as Autotote. We expect that other traditional lottery companies will agree. Our proven ability to handle spending limits, border control, age controls and the appeal of eCommerce to a more upscale player demographic were important to this agreement and we expect they will also be to government lotteries."