SOURCE: International Lottery & Totalizator Systems

October 23, 2012 05:00 ET

INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS Signs Agreement With AKTIEBOLAGET TRAV OCH GALOPP for Supply of Terminal Hardware

VISTA, CA--(Marketwire - Oct 23, 2012) - INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (ILTS) (OTCBB: ITSI) announced that the Company has signed an Agreement with AKTIEBOLAGET TRAV OCH GALOPP (ATG) for the supply of new terminal hardware and associated services and support. The 2,300 new terminals will be deployed to ATG's Agent network throughout Sweden. The first delivery of terminal hardware is scheduled for the first quarter of 2013. 

"ATG has been a loyal and appreciated customer of ours for over 30 years. Their technical and operational competencies have proven to be highly valuable as a long time business partner of ILTS," said ILTS President Jeff Johnson. "We are very excited to continue our long and successful relationship with ATG and we look forward to providing them with an excellent terminal hardware product and services that both ATG and their Agent population will be proud of. We are delighted with this latest order from ATG as it demonstrates their continued confidence in our products and services."

Mr. Remy Nilson, CEO of ATG, stated: "We have had a successful relation with ILTS for many years and are now developing our close cooperation even further when we are exchanging our agent terminals. We are looking forward to work together for launching a successful project next year."

International Lottery & Totalizator Systems, Inc. provides computerized wagering systems, equipment and services to lottery and racing organizations worldwide. ILTS can be found on the worldwide 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.

Contact Information

  • CONTACT:
    Marketing Department
    International Lottery & Totalizator Systems, Inc.
    760-598-1655
    mktg@ilts.com