LOTTERY & TOTALIZATOR SYSTEMS
SIGNS AGREEMENT TO PROVIDE NEW LOTTERY SYSTEM AND TERMINALS
TO NATURAL AVENUE SDN BHD
-- (December 21, 2009) --
INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. ("ILTS" or the "Company") (OTCBB:
ITSI) announced today that the Company has
signed a contract with Natural Avenue Sdn Bhd ("Natural Avenue") for a complete online DataTrak
lottery system to replace the ILTS system originally installed in Sarawak, Malaysia in 1996.
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 $3.6 million.
"ILTS is pleased to continue this long-standing relationship with Natural Avenue," said ILTS President Jeff Johnson. "The new DataTrak system will bring expanded features and functions to the operation of the lottery, and help Natural Avenue to continue to offer the highest level of service to its customers."
ILTS has been providing online lottery equipment and
support to Natural Avenue since 1996. 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://www.ilts.com.
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.