On-Point Technology Systems Inc. Announces Exclusive Contract to Provide ITVMs to the National Lottery of Argentina.Business Editors SAN MARCOS San Marcos (săn mär`kəs). 1 City (1990 pop. 38,974), San Diego co., S Calif., a northern suburb of San Diego; settled 1880s, inc. 1963. , Calif.--(BUSINESS WIRE)--Nov. 1, 2000 On-Point Technology Systems Inc. (On-Point) (Nasdaq:ONPT) today announced that it has signed an exclusive contract with Graphica Velton S.A. to provide Instant Ticket Vending Machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. (ITVMs) for use by Argentine Argentine having some relationship with the country Argentina. Argentine tick margaropuswinthemi. Argentine tortoise geochelonechilensis. National Lottery National Lottery n → Lotto nt S.E. (the National Lottery of Argentina). The National Lottery of Argentina has been ranked as the 15th-largest net income producing lottery in the world. The lottery has indicated a requirement of up to 700 ITVMs. Frederick Sandvick, chairman and chief executive officer of On-Point, commented, "We are extremely pleased to enter into an exclusive contract to supply ITVMs to yet another prestigious international lottery organization. On-Point has deployed more ITVMs to lotteries outside of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. than any company in the world. We are proud of our worldwide role and look forward to providing equipment that can maximize the revenue potential of instant ticket sales throughout Argentina." About On-Point On-Point provides effective technologies for transaction automation. On-Point pioneered the development of the instant ticket vending machine for lotteries worldwide and is one of the world's largest providers of these and other high-security vending products. On-Point designs, sells, leases and services high-security vending machines both domestically and internationally and has begun to explore the development of automated electronic solutions for high-volume, cash-oriented transactions. Any forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, the successful completion of proposed equity raises, the successful negotiation of a strategic relationship agreement with Victor Chandler International Ltd., continued acceptance of the company's products and services in the marketplace, competitive factors, new products and technological changes, the company's successful entry into new markets, the company's successful transition to its next generation product line, dependence upon third-party vendors, a limited number of customers, political and other uncertainties related to customer purchases, the ability to generate cash flow sufficient to sustain operating activities, and other risks detailed in the company's periodic filings with the Securities and Exchange Commission. |
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