Aragua Lottery Contract Win
October 09 2006 - 3:27AM
UK Regulatory
RNS Number:1422K
New Media Lottery Services PLC
09 October 2006
09 October 2006
NEW MEDIA LOTTERY SERVICES PLC
("NMLS" or "the Company")
(AIM: NMLS)
Lottery Contract Win with the Aragua Lottery in Venezuela
The Board of New Media Lottery Services PLC, the AIM traded supplier and
operator of lottery systems and games for government sanctioned lottery programs
and charities, today announces the agreement of a lottery contract with Aragua
Lottery, the Venezuelan state lottery programme.
Key points:
*NMLS has agreed a 10 year contract;
*NMLS will own 45% of the local company in Venezuela established to hold
the Aragua Lottery contract;
*The agreement includes mobile lottery games, internet gaming and sports
betting; and
*NMLS to introduce Fixed Odds Betting Terminals ("FOBT") to the Venezuelan
market for the first time.
Aragua Lottery is a state run lottery programme allowing for sales throughout
the entire nation. The contract will be for 10 years. A new company, Cell Phone
Systems 2005 C.A., has been established to hold the Aragua Lottery contract.
NMLS will hold a 45% ownership stake in Cell Phone Systems 2005 C.A. and will
create a supplier agreement based on a 50% participation in profits. NMLS will
be the operator of the contract which includes the introduction of mobile games,
internet gaming and sports betting. The other main partner in the program is
Smart Media Technologies, a company specializing in mobile banking and gaming.
In addition, NMLS will also introduce FOBT into the Venezuelan market.
NMLS envisages that its mobile lottery service will be launched on or before 1
February 2007. NMLS identified Latin America as a region for growth and this
latest geographical addition to the NMLS reach will add to the Company's long
term revenue streams. NMLS holds additional contracts in Brazil, Belize and
Guatemala.
John Carson, CEO of New Media Lottery Plc, comments on the win: "Latin America,
Europe and Asia have been target markets for NMLS and I am delighted we have
been able to expand our services into Venezuela with the latest contract
agreement with the Aragua Lottery."
---ends---
Enquiries:
New Media Lottery Services PLC (001) 540 437 1688
John Carson
www.nmlsinc.com
Bishopsgate Communications Ltd 020 7430 1600
Maxine Barnes 07860 489 571
Nick Rome
www.bishopsgatecommunications.com
Notes to Editors:
About New media Lottery Services Plc:
New Media Lottery Services Plc based in Dublin, Ireland, supplies lotteries
with a white label lottery system, games and management support to develop new
income streams from digital lottery product distribution, including the
internet, mobile telephony, interactive television and digital vending. NMLS
secures long-term contracts with lottery clients and shares in the Net Win from
these programs. NMLS's ordinary shares have been trading on AIM since 17 March
2006. The Company's ticker is "NMLS". For more information, visit
www.nmlsplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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