AUTOTOTE TO DELIVER 2,000 TERMINALS TO ITALY'S TOTIP PARI-MUTUEL LOTTERY; Order for Racetrack Terminals Also Announced.NEW YORK--(BUSINESS WIRE)--February 9, 1996--AUTOTOTE CORPORATION [NASDAQ/NMS:TOTE] today announced that it has received orders for Italy's TOTIP TOTIP Totalizzatore Ippico (Italian horse pools) pari-mutuel lottery pool for 2,000 MAX 2000T terminals. At the same time, the Company noted that it has also received orders for 100 PROBE on-track terminals and 20 self-service terminals for use at several racetracks in Italy. The equipment is being sold through Elettronica Ingegneria Sistemi S.p.A. (EIS (1) (Executive Information System) An information system that consolidates and summarizes ongoing transactions within the organization. It provides top management with all the information it requires at all times from internal and external sources. ) of Rome, the Company's Italian distributor. TOTIP has been an Autotote customer since 1992, when Autotote was chosen in a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. to automate its wagering systems across Italy. After giving effect to the two most recent orders, there will be 14,000 MAX 2000T lottery terminals in place across Italy, including 1,000 MAX 2000Ts put into place last year along with memory upgrades for 10,000 MAX 2000T terminals already in place. TOTIP, one of two national lotteries in Italy, is a popular wagering game based on horse racing horse racing, trials of speed involving two or more horses. It includes races among harnessed horses with one of two particular gaits, among saddled Thoroughbreds (or, less frequently, quarterhorses) on a flat track, or among saddled horses over a turf course with results. Because of the versatility of the MAX 2000T terminals, they are being used in some locations to sell both lottery and train tickets and can also be adapted to sell tickets for other mass market uses, including theater and sports events. Autotote is also a major supplier of terminals to Italy's racetracks and off-track betting off-track betting n. Abbr. OTB A system of placing bets away from a racetrack. facilities. More than 2,500 Autotote terminals are already in place, including the PROBE model and its predecessor, the MARK II. 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, said, "We are pleased that TOTIP has once again turned to Autotote to meet its evolving needs. We believe the MAX 2000T is the best and most flexible lottery terminal on the market, offering enormous flexibility for system upgrades and expansions as well as a wide range of gaming and non-gaming applications. At the same time, the PROBE order reflects our continuing commitment to servicing the Italian racetrack market." 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. Autotote's systems are in use in the United States, Europe, Central and South America, Canada, Mexico, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and the Far East. CONTACT: The Miller Company Gregory W. Miller, Tel: 914-834-1868 Fax: 914-834-9161 E-mail: millerco1@aol.com |
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