International Lottery & Totalizator Systems Announces New Contract With Singapore Turf Club

Aug 10, 1998, 01:00 ET from International Lottery & Totalizator Systems, Inc.

    CARLSBAD, Calif., Aug. 10 /PRNewswire/ -- International Lottery &
 Totalizator Systems, Inc. (Nasdaq:   ITSI) today announced a contract valued at
 approximately US$1 million with a new customer, the Singapore Turf Club.
 Under the contract ILTS will provide DATAMARK wagering terminals and
 associated software for on-track use.  The terminals will be built and
 delivered in the fourth quarter of 1998.  Following a trial period, Singapore
 Turf Club may order as many as 900 additional terminals for installation at a
 new racecourse currently under construction.
     "We are extremely pleased to welcome the Singapore Turf Club as a
 customer," said ILTS President, Mark Michalko.  "Together with the Hong Kong
 Jockey Club, ILTS now provides wagering equipment to the two premier racing
 operations in the region.  Coupled with our existing lottery and racing
 business in Australia and other Asian countries, our position in the region
 continues to strengthen and our status as a leading on-line system supplier is
 enhanced."
     The Singapore Turf Club, founded as the Singapore Sporting Club in 1842,
 has been involved in racing operations in Singapore for more than 150 years.
 Similar to the Hong Kong Jockey Club, Singapore Turf Club also operates a
 lottery game on their on-track and off-track terminal network. Racing
 operations are currently at the Bukit Timah Racecourse, considered to be one
 of the finest racing complexes in the world. Construction of the new
 racecourse is slated to be completed in 1999.
     International Lottery & Totalizator Systems, Inc. provides computerized
 wagering systems, equipment and services to racing organizations and lotteries
 worldwide.
     Matters discussed in this news release contain forward-looking statements
 within the meaning of section 27A of the Securities Act of 1933, as amended,
 and the Securities and Exchange Act of 1934, as amended, that involve risks
 and uncertainties.  The Company's results may differ significantly from the
 results indicated by forward-looking statements.  Factors that could cause
 future events to differ from such forward-looking statements include the
 uncertainty of whether present trends will continue and other factors set
 forth in reports, forms and documents of the Company on file with the
 Securities and Exchange Commission.
 
 

SOURCE International Lottery & Totalizator Systems, Inc.
    CARLSBAD, Calif., Aug. 10 /PRNewswire/ -- International Lottery &
 Totalizator Systems, Inc. (Nasdaq:   ITSI) today announced a contract valued at
 approximately US$1 million with a new customer, the Singapore Turf Club.
 Under the contract ILTS will provide DATAMARK wagering terminals and
 associated software for on-track use.  The terminals will be built and
 delivered in the fourth quarter of 1998.  Following a trial period, Singapore
 Turf Club may order as many as 900 additional terminals for installation at a
 new racecourse currently under construction.
     "We are extremely pleased to welcome the Singapore Turf Club as a
 customer," said ILTS President, Mark Michalko.  "Together with the Hong Kong
 Jockey Club, ILTS now provides wagering equipment to the two premier racing
 operations in the region.  Coupled with our existing lottery and racing
 business in Australia and other Asian countries, our position in the region
 continues to strengthen and our status as a leading on-line system supplier is
 enhanced."
     The Singapore Turf Club, founded as the Singapore Sporting Club in 1842,
 has been involved in racing operations in Singapore for more than 150 years.
 Similar to the Hong Kong Jockey Club, Singapore Turf Club also operates a
 lottery game on their on-track and off-track terminal network. Racing
 operations are currently at the Bukit Timah Racecourse, considered to be one
 of the finest racing complexes in the world. Construction of the new
 racecourse is slated to be completed in 1999.
     International Lottery & Totalizator Systems, Inc. provides computerized
 wagering systems, equipment and services to racing organizations and lotteries
 worldwide.
     Matters discussed in this news release contain forward-looking statements
 within the meaning of section 27A of the Securities Act of 1933, as amended,
 and the Securities and Exchange Act of 1934, as amended, that involve risks
 and uncertainties.  The Company's results may differ significantly from the
 results indicated by forward-looking statements.  Factors that could cause
 future events to differ from such forward-looking statements include the
 uncertainty of whether present trends will continue and other factors set
 forth in reports, forms and documents of the Company on file with the
 Securities and Exchange Commission.
 
 SOURCE  International Lottery & Totalizator Systems, Inc.

RELATED LINKS

http://www.ilts.com