International Lottery & Totalizator Systems Receives Order for Additional Lottery Terminals From Philippine Gaming
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VISTA, CA, Jan 13 (MARKET WIRE) -- INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (ILTS) (OTCBB: ITSI) announced today that the Company has received an order valued at approximately US$ 1.7 million from Philippine Gaming Management Corporation (PGMC) for additional Intelimark FLX lottery terminals and associated services. PGMC provides an ILTS DataTrak online lottery system and equipment to the Philippine Charity Sweepstakes Office (PCSO) under an equipment lease contract. Delivery of the terminals will begin in May 2010. "PGMC has been an ILTS customer since 1994 and we are pleased with their continued confidence in our products and services," said ILTS President Jeff Johnson. "ILTS is committed to helping our customers grow by providing world-class lottery solutions. The current order will bring the total number of terminals in their network to more than 3,500." 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 Person: Jim Snow TEL: 760-598-1655 Copyright 2010, Market Wire, All rights reserved. -0-