Contact Information: Company Contact: Jim Snow 760-598-0219
International Lottery & Totalizator Systems Signs Agreement to Provide Online Lottery System and Terminals for Installation and Operation in Mongolia
| Source: ILTS
VISTA, CA--(Marketwire - May 22, 2008) - INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC.
(OTCBB : ITSI ) announced today that the Company signed an agreement with Two
Jo Company Ltd. to supply an online lottery system and terminals for
installation and operation in Mongolia. Under terms of the agreement, ILTS
will deliver a turnkey system, including central system hardware and
software, and terminals. In addition, ILTS will provide a number of
services, including installation, training and technical support. The
agreement is valued at approximately $1.43 million.
Commenting on this new agreement, ILTS President Jeff Johnson said, "We are
delighted to have Two Jo Company Ltd. as a new customer and we look forward
to providing them with a quality online system and services and working
with them to make this lottery a success."
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.
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