LOTTERY & TOTALIZATOR SYSTEMS
AGREEMENT TO PROVIDE ONLINE LOTTERY
TERMINALS FOR INSTALLATION
CA -- (May 22, 2008)-- INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC.
) 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
This press release includes forward−looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. This Act provides a "safe harbor" for
forward−looking statements to encourage companies to provide
prospective information about themselves so long as they identify these
statements as forward looking and provide meaningful cautionary statements
identifying important factors that could cause actual results to differ from
the projected results. All
statements other than statements of historical fact, including statements
regarding industry prospects and future results of operations or financial
position, made in this press release are forward−looking. We
use words such as "anticipate," "believe,"
"expect," “future," "intend" and similar
expressions to identify forward−looking statements.
Forward−looking statements reflect management's current
expectations, plans or projections and are inherently uncertain. Our actual
results may differ significantly from management's expectations, plans or
projections. Readers are
cautioned not to place undue reliance on these forward−looking
statements, which speak only as of the date hereof. We
undertake no obligation to publicly release any revisions to these
forward−looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. Readers
are urged, however, to review the factors set forth in reports that we file
from time to time with the Securities and Exchange Commission.