TORONTO, March 29, 2012 /PRNewswire/ -- Loto Inc. (OTCBB: LOTID) (the "Company"), a technology company focused on developing and deploying custom-tailored software solutions for mobile devices and tablets, announced today that FINRA has approved the Company's name change to Mobile Integrated Systems, Inc. Additionally, FINRA approved a five-for-one forward stock split of the Company's issued and outstanding shares held as of record at the close of business on March 26, 2012. Mobile Integrated Systems will increase the number of the Company's authorized shares from One Hundred Million (100,000,000) Shares of common stock to Three Hundred Million (300,000,000) Shares. As is customary, for approximately 20 trading days, the letter "D" will be attached to the end of the Company's trading symbol (OTCBB: LOTID). After this waiting period, Mobile Integrated Systems will once again trade under the symbol LOTI.
Mr. Fulvio Ciano, President of Mobile Integrated Systems, stated, "We have already begun our rebranding initiatives which will help communicate how our unique mobile solutions benefit our existing customers and future customers and partners."
About Mobile Integrated Systems, Inc.
Mobile Integrated Systems, Inc. is a technology company focused on developing and deploying robust, secure, and custom-tailored mobile solutions to a variety of industry sectors including lotteries, gaming, transportation, telecommunications, and finance, among others. Once fully developed, the Company's technology solutions will provide its clients and partners with such features and benefits as secure electronic transactions, analytics, realistic game play, geolocation, and more. The company's executive offices are located at 502-25 Adelaide St. East, Toronto, Canada; phone 416-479-0880. More information can be found at www.mobilotto.com.
This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Such forward-looking statements are inherently uncertain. Our actual results may vary materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. Loto Inc. cannot provide assurances that any prospective matters described in the press release will be successfully completed or that Loto Inc. will realize the anticipated benefits of any transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by Loto Inc. with the U.S. Securities & Exchange Commission. Loto Inc. undertakes no obligation to update information contained in this release.
SOURCE Loto Inc.