AUTOTOTE awarded terminal contract from Israeli lottery.NEW YORK--(BUSINESS WIRE)--March 4, 1996--AUTOTOTE CORPORATION [NASDAQ/NMS:TOTE] today announced that its subsidiary, Autotote Lottery Corporation, has received an order for 450 on-line lottery terminals from the Israeli national lottery National Lottery n → Lotto nt , Mifal Hapayis. The contract has a minimum value of at least $3.5 million including spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. . The equipment, which will be delivered in 1996, will be used to expand the number of locations where tickets are sold. Approximately 2,200 terminals are currently in place. 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. , said, "The Israeli lottery is one of the most successful lotteries in the world, and we are pleased to continue a relationship that, through a predecessor company, is a decade long." 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 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: 914-834-6782 E-mail: millerco1@aol.com or Autotote Corporation 212/754-2233 Fax: 212/754-2372 |
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