Loto Inc. Appoints Retired Chairman of NYMEX Holdings and the New York Mercantile Exchange, Richard Schaeffer, as Co-Chairman of the Board

TORONTO, March 14, 2012 /PRNewswire/ -- Loto Inc. (OTC-PINK: LOTI) (the "Company"); a technology company focused on developing and deploying mobile solutions to the lottery, gaming, transportation, and finance industries and whose name will soon change to Mobile Integrated Systems; announced today that effective February 1, 2012, Mr. Richard Schaeffer has been appointed as a Member and as Co-Chairman of Loto's Board.  The announcement was made by Mr. Fulvio Ciano, President and Chief Technology Officer of Loto Inc.

Richard Schaeffer is the retired Chairman of NYMEX Holdings, Inc. and the New York Mercantile Exchange. He served as a member of the NYMEX Board of Directors from March 1990 to 2008; he was the Treasurer of the Exchange from 1993 to 2004; the Vice Chairman from 2004 to 2006, and Chairman from 2006 to 2008. Mr. Schaeffer has been a NYMEX member and seat owner since 1981.

Mr. Schaeffer has served as a director on the board of Directors of the leading Norwegian financial derivatives exchange IMAREX as well as on the board of the Montreal Stock Exchange. Presently he serves as a special advisor to General Atlantic.

Mr. Schaeffer has been deeply involved with children's charitable causes for many years. He was Chairman of the NYMEX Foundation's board of directors from 2006 to 2008. He served as a member of the Foundation's Board since 1989. Mr. Schaeffer currently sits on the board of the Museum of American Finance and the Tribeca Film Festival and has raised money for New York Presbyterian Hospital and the We Are Family Foundation among others.

In 2008, Richard Schaeffer was honored by Foundation Fighting Blindness during their NYC Dining in the Dark event. He was awarded Chai Lifeline's Man of the Year in 2005 and again in 2008. He received the We Are Family Foundation Visionary Award in 2007, the United Cerebral Palsy of Suffolk County, NY Distinguished Leader Award in 2006, and Futures & Options for Kids granted him their Community Service Award in 2007.

Mr. Schaeffer graduated from the Robert H. Smith School of Business at the University of Maryland in 1974, and he delivered the school's commencement address in 2006.

About Loto Inc.  

Loto Inc., whose name will soon change to 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.

Forward-Looking Statements

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.