VISTA, CA — (May 22, 2008)– INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (OTCBB: ITSI ) announced today that the Company has signed an agreement with Two Jo Company Ltd. to supply an online lottery system and terminals for installation and operation in Mongolia. Under the terms of the agreement, ILTS will deliver a turnkey system, including central system hardware and software, and terminals. In addition, ILTS will also provide a number of services, including installation, training and technical support. The agreement is valued at approximately $1.43 million.
In commenting on this new agreement, ILTS President Jeff Johnson said, “We are delighted to have Two Jo Company Ltd. as a new customer and we look forward to providing them with a quality online system and services and working with them to make this lottery a success.”
International Lottery & Totalizator Systems, Inc. provides computerized wagering systems, equipment and services to lottery and racing organizations worldwide. ILTS can be found on the World Wide Web at http://1c7.acd.myftpupload.com.