LOTTERY & TOTALIZATOR SYSTEMS
SIGNS AGREEMENT TO PROVIDE NEW LOTTERY SYSTEM
FOR SPORTS TOTO MALAYSIA
-- (January 4, 2012) --
INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (ILTS) (OTCBB:
ITSI) announced today that the Company has signed an agreement with Sports Toto Malaysia Sdn. Bhd. (STM) to supply STM with a new ILTS DataTrakII lottery system and equipment, including central system hardware and software. Additionally, under the terms of this agreement valued at approximately $4.2 million, ILTS will also provide a number of services, including licensing, installation, training and technical support.
"ILTS is thrilled with this new contract with STM as it demonstrates their continued support and confidence in our products and services," said ILTS President Jeff Johnson. "STM and ILTS have been close partners for many years and we are excited to continue a beneficial long-term relationship."
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
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identifying important factors that could cause actual results to differ from
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regarding industry prospects and future results of operations or financial
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