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INTERNATIONAL TOTALIZATOR SYSTEMS TO RAISE $35 MILLION IN STOCK SALE

 CARLSBAD, Calif., June 1 /PRNewswire/ -- International Totalizator Systems Inc.(R) (NASDAQ: ITSI) has executed a stock purchase agreement to sell 1,950,000 shares of its authorized but unissued common stock at a price per share of $5 and, subject to shareholder approval, 4,650,000 additional shares of its authorized but unissued common stock at $5.50 per share to Berjaya Lottery Management (HK) Ltd. The purchase price of the shares is payable in cash and will result in aggregate gross proceeds to ITS of approximately $35.3 million. Following completion of both sales, Berjaya will own approximately 40 percent of the outstanding common stock of ITS.
 The closing of the sale of 1,950,000 shares is scheduled to occur on or before June 21, 1993. The sale of the 4,650,000 additional shares is subject to shareholder approval in accordance with the rules of NASDAQ. The company plans to reschedule its annual meeting of shareholders originally set for June 24, 1993 and prepare revised proxy materials to include the transaction with Berjaya. The rescheduled date of the annual meeting of shareholders is expected to be in mid-August to early September 1993.
 Under the agreement at the time of the first closing, Berjaya will be entitled to appoint two members of a seven-member board of directors of ITS. Also, the board of directors will recommend that the shareholders approve the issuance of the additional 4,650,000 shares.
 Berjaya Lottery Management is a subsidiary of the Berjaya Group Berhad of Malaysia, a diversified public company which had revenues of more than $700 million dollars (US) in its 1992 fiscal year. Berjaya Lottery Management is engaged in the business of operating lottery management contracts and service agreements in the Pacific Rim including China.
 The company believes that the sale of shares to Berjaya will significantly enhance the company's working capital position to better enable the company to proceed with its entry into the lottery contract management business and to more aggressively pursue other new business opportunities. In addition, Berjaya, as a principal equity partner, will provide a strong combination of business expertise, products and services to create a more significant competitive presence for ITS in the sales and service of on-line lottery systems and equipment, particularly in Asian markets.
 Vincent Tan, group chief executive officer of the Berjaya Group says "This investment in ITS coupled with our strong presence in the Asia market and our financial strength, lottery management strength and ITS's technical and marketing strength should make a powerful combination to expand our joint worldwide lottery operations."
 International Totalizator Systems Inc. designs, manufactures, sells, supports and services computerized ticket issuing systems and terminals for the global pari-mutuel wagering, on-line lottery and automated travel ticket printing industries.
 -0- 6/1/93
 /CONTACT: James Walters, chairman, 619-931-4000, or William Hainke, CFO, 619-931-4035, or Karen Patchen, IR Manager, 619-931-4027, all of International Totalizator Systems/
 (ITSI)


CO: International Totalizator Systems Inc.; Berjaya Lottery
 Management ST: California IN: CPR SU:


EH -- SD001 -- 3829 06/01/93 09:55 EDT
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Date:Jun 1, 1993
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