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International Lottery & Totalizator Systems Signs Agreement to Provide New Lottery System and Terminals to Natural Avenue Sdn Bhd
VISTA, CA--(Marketwire - 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.