AUTOTOTE CORPORATION COMMENTS ON RECENT STOCK ACTIVITY.NEWARK, Del.--(BUSINESS WIRE)--Nov. 16, 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 stated that it is not aware of any fundamental reason for the stock's recent activity. The Company also noted that as announced on November 10, Heller Financial Inc. has filed to sell approximately 355,000 shares of Autotote common stock. With the exception of the warrants relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc such shares, Heller has had no relationship with the Company since the refinancing of the Company's senior credit line with a group led by Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. Company in April, 1994. Regarding the Company's fiscal 1994 results, the Company stated that its fourth quarter ended on October 31, and the Company has just begun the auditing process. Consequently, the Company does not anticipate reporting those results until mid-December. AUTOTOTE CORPORATION designs and manufactures computerized wagering equipment and provides facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. for use in racetracks, off-track wagering, lotteries and legalized sports betting Sports betting is the general activity of predicting sports results by making a wager on the outcome of a sporting event. Perhaps more so than other forms of gambling, the legality and general acceptance of sports betting varies from nation to nation. 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: Lippert/Heilshorn & Associates
212/838-3777
Jeffrey Volk -- Ext. 102
Lorin Cohen -- Ext 123
or
Martin E. Schloss
General Counsel
212/541-6440
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