International Lottery & Totalizator Systems Signs Agreement to Provide New Lottery System for Sports Toto Malaysia
January 04 2012 - 11:56AM
Marketwired
INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (ILTS)
(OTCBB: ITSI) announced today that the Company has signed an
agreement with Sports Toto Malaysia Sdn. Bhd. (STM) to supply STM
with a new ILTS DataTrakII lottery system and equipment, including
central system hardware and software. Additionally, under the terms
of this agreement valued at approximately $4.2 million, ILTS will
also provide a number of services, including licensing,
installation, training and technical support.
"ILTS is thrilled with this new contract with STM as it
demonstrates their continued support and confidence in our products
and services," said ILTS President Jeff Johnson. "STM and ILTS have
been close partners for many years and we are excited to continue a
beneficial long-term relationship."
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: Marketing Department International Lottery &
Totalizator Systems, Inc. 760-598-1655 mktg@ilts.com