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International Lottery & Totalizator Systems Receives Order for Additional Lottery Terminals From Philippine Gaming Management Corporation
VISTA, CA--(Marketwire - January 13, 2010) - 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
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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.