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INTERNATIONAL TOTALIZATOR SYSTEMS COMPLETES $26 MILLION STOCK SALE

 CARLSBAD, Calif., Oct. 7 /PRNewswire/ -- International Totalizator Systems Inc.(R) (NASDAQ: ITSI) has completed a stock sale, approved by shareholders at the company's annual meeting on Sept. 2, 1993, to Berjaya Lottery Management of Malaysia raising the company nearly $26 million.
 This was the second sale of stock to Berjaya which has raised in excess of $35 million for ITS. Berjaya now owns about 40 percent of the company's approximate 16.5 million outstanding shares.
 The proceeds from Berjaya will assist the company in further implementing its strategy to enhance revenues and earnings through the addition of long-term, service-based contracts to its business mix. ITS intends to vigorously pursue service and sales opportunities, particularly in Central and South America, Asia and Eastern Europe. In addition, to become even more competitive, the company will employ this capital to expand its product line, marketing, services and production capacity.
 International Totalizator Systems Inc.(R) 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- 10/7/93
 /CONTACT: Karen Patchen, manager, investor relations, 619-931-4027/
 (ITSI)


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

JL-LS -- SD002 -- 9576 10/07/93 07:00 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
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