International Lottery & Totalizator Systems Signs Agreement to Provide New Lottery System and Terminals to Natural
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VISTA, CA, Dec 21 (MARKET WIRE) -- 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. Contact: Jim Snow 760-598-1655 Copyright 2009, Market Wire, All rights reserved. -0-
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