AUTOTOTE APPOINTS GERALD LAWRENCE VICE PRESIDENT; Responsible For Company's North American Pari-Mutuel Operations, Autotote Enterprises and Recently Acquired Simulcasting Business.NEW YORK--(BUSINESS WIRE)--Dec. 6, 1994--AUTOTOTE CORPORATION (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM Symbol: TOTE), today announced the appointment of Gerald Lawrence as a Vice President of the Company. Lawrence, 55, will become a Vice President of the corporation responsible for Autotote's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Pari-Mutuel business, including its pari-mutuel wagering systems business based in Newark, Delaware Newark is a city in New Castle County, Delaware, 12 miles (19 km) west-southwest of Wilmington. According to 2006 Census Bureau estimates, the population of the city is 30,060.[1] Newark is the home of the University of Delaware. , Autotote Enterprises, which operates the OTB OTB abbr. off-track betting OTB n abbr (US) (= off-track betting) → apuestas hechas fuera del hipódromo OTB n abbr (US) (= off-track betting system in the State of Connecticut, and its newly acquired communications services which include simulcast and closed circuit television operations. Commenting on the appointment, A. Lorne Weil, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AUTOTOTE CORPORATION, stated, "Jerry brings to the Company valuable management experience and skills gained from over 30 years of experience at some of the premier pari-mutuel institutions in the country. We are confident that his knowledge, experience and contacts will only reinforce Autotote's position as the leading supplier of pari-mutuel wagering systems and services in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Mr. Lawrence noted, "I am pleased and honored to be associated with AUTOTOTE, a recognized leader in each of the areas in which it serves the pari-mutuel industry. I look forward to being a part of AUTOTOTE's future and to continuing my association with this exciting industry." Lawrence recently resigned as Executive Vice-President of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Racing Association where he oversaw the daily operations of its three race tracks from 1991 through 1994. From 1984 to 1991, Mr. Lawrence served as Vice President and General Manager for Churchill Downs where he was responsible for the execution of a $25 million capital improvement program, a major factor in Churchill's unprecedented success. During Mr. Lawrence's tenure, Churchill set attendance and handle records for seven consecutive seasons. AUTOTOTE CORPORATION designs and manufactures computerized wagering equipment and provides facilities management for use in racetracks, off-track wagering, lotteries and legalized sports betting facilities and jai alai frontons. The Company's systems are in use in the United States, Canada, Mexico, South America, Europe, and the Far East. The information contained herein was obtained from the Management of AUTOTOTE CORPORATION and other sources deemed to be reliable. This does not constitute the solicitation of the purchase or sale of securities. Lippert/Heilshorn & Associates, Inc. is employed by the Company as its investor relations Investor relations The process by which the corporation communicates with its investors. firm and the firm or its officers may have a position in the securities of this client Company. CONTACT: Autotote Corp., New York
Martin E. Schloss, 212/541-6440
or
Lippert/Heilshorn & Associates Inc., New York
212/838-3777
Jeffrey Volk -- Ext. 102
Lorin Cohen -- Ext. 123
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