LOTTERY & TOTALIZATOR SYSTEMS
CARLSBAD, CA (December 12, 2005) -- INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC (OTCBB:ITSI) announced today that the Company has signed a contract with Philippine Gaming Management Corporation(PGMC) for a complete on-line lottery system to replace the ILTS system installed in the Philippines in 1995:
Under the terms of the contract, ILTS will deliver a new DataTrak on-line gaming system and approximately 2,000 new Intelimark FLX terminals: In addition, ILTS will provide a number of services, including installation, training, and software support.
"ILTS is pleased to continue this long-standing relationship with PGMC," said ILTS President and CEO Mark Michalko. "ILTS is committed to helping customers grow by providing world-class lottery solutions. The DataTrak system's flexible open architecture will allow PGMC to take advantage of additional distribution channels in the future, and other open third-party business solutions."
ILTS has provided on-line lottery equipment and support to PGMC since 1995. PGMC will provide and operate the system under an equipment lease agreement with the lottery operator, the Philippine Charity Sweepstakes Office.