Loto Inc. Begins Process of Changing its Name to "Mobile Integrated Systems, Inc." to Reflect New Corporate Mission to Offer Expanded Service Offerings

TORONTO, March 5, 2012 /PRNewswire/ -- Loto Inc. (OTCBB: LOTI) announced today that the company has begun filing the required paperwork to effect a name change to Mobile Integrated Systems, Inc.  This change is being made to reflect the company's expanded focus on developing a suite of services and applications that will expand beyond lottery-related mobile solutions.  The announcement was made by Mr. Fulvio Ciano, President and Chief Technology Officer of Mobilotto. 

"While we will continue to focus on providing our tailored and secure mobile lottery solutions to lottery operators, we will be branching out to create and develop applications using our mobile platform and expand our offering across a number of potentially lucrative applications that can benefit from our unique technology," stated Mr. Ciano.

"Changing the name to Mobile Integrated Systems affirms our commitment to expanding our reach and providing greater value to our shareholders," he added. 

The company is currently continuing to develop and scale its technology so that it may be deployed in such industries as finance and transportation, among others. 

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.