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GTECH ANNOUNCES BUSINESS IN BRAZIL AND ASIA COMPANY COMPLETES PURCHASE OF RACIMEC SHARES AND FINALIZES AGREEMENTS FOR MALAYSIA AND CHINA

 WEST GREENWICH, R.I., Sept. 2 /PRNewswire/ -- GTECH (NYSE: GTK) announced today that the company has finalized business agreements in Brazil and Asia. Each of the agreements have been previously announced by the company as agreements-in-principle.
 Brazil
 GTECH has completed the purchase of shares of RACIMEC Informatica Brasileira S.A. (RACIMEC), a Brazilian company engaged in the marketing and servicing of off-line lottery systems in South America. As previously announced, the majority shareholder of RACIMEC prior to the transaction, Simao Brayer, will retain voting control of RACIMEC and will provide GTECH with consulting and related services.
 RACIMEC has been supplying off-line terminals to CAIXA Economica Federal, the Brazilian national lottery, for more than 22 years. RACIMEC's lottery business generated average annual revenues of approximately U.S. $21 million over the last two years. The cash purchase price paid by GTECH for its purchased shares of RACIMEC was U.S. $6.8 million.
 Under the terms of the agreement, GTECH has the option, and upon the occurrence of certain contingencies, the obligation, through Dec. 31, 1995, to increase its non-controlling investment in RACIMEC.
 Malaysia
 In Malaysia, GTECH will sell a central computer system and 500 Spectra retailer terminals to Sports Toto Computer Sdn. Bhd., a subsidiary of Sports Toto Malaysia Sdn. Bhd. (Sports Toto). In addition, GTECH will upgrade Sports Toto's software and communications equipment. Sports Toto is a company in the Berjaya group.
 GTECH has been supplying services and equipment to Sports Toto since 1989. Upon installation of the new system, Sports Toto will operate the largest lottery network in Malaysia. The system is expected to be operating by mid-September this year.
 China
 GTECH has compler?oduct-sale agreement with Berjaya Lottery Management (HK) Ltd. to provide a complete lottery system, including a central computer system, communications equipment and a minimum of 250 retailer terminals for use in the city of Guangzhou. The lottery system is expected to be operating by mid 1994. Berjaya Lottery Management (HK) Ltd. is also a member of the Berjaya group.
 In commenting on this announcement, GTECH Chairman Victor Markowicz, said, "We continue to add to our portfolio of lottery contracts throughout the world. Through our relationship with a successful lottery company in Brazil, and through provision of state-of-the-art technology to companies in the Berjaya group for lotteries in Malaysia and China, we are diversifying and strengthening our customer base around the world."
 GTECH designs, produces, implements, operates and services computerized networks for government-sponsored or licensed lotteries on five continents. In addition, GTECH provides a wide variety of instant ticket support services. GTECH currently has contracts to supply and/or operate lottery systems for 26 U.S. customers and 35 jurisdictions outside of the United States.
 GTECH's lottery business employs approximately 3,100 people worldwide, including approximately 1,000 people in Rhode Island.
 -0- 9/2/93
 /CONTACT: Craig Watson of GTECH, 401-392-1000/
 (GTK)


CO: GTECH; RACIMEC Informatica Brasileira S.A.; Sports Toto Computer
 Sdn. Bhd.; Berjaya Lottery Management (HK) Ltd. ST: Rhode Island IN: CPR SU: FNC


DJ -- NE005 -- 8315 09/02/93 10:07 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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