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INTERNATIONAL TOTALIZATOR SYSTEMS PART OF CONSORTIUM AWARDED NEGOTIATION OF CONTRACT FOR PHILIPPINE LOTTERY

 CARLSBAD, Calif., Oct. 29 /PRNewswire/ -- International Totalizator Systems Inc.(R) (NASDAQ: ITSI) in a consortium called the Philippine Gaming Management Corp. (PGMC), comprised of Berjaya Group Berhad of Malaysia, ITS and a group of local Philippine investors, has been invited to negotiate a contract to supply and operate an on-line, national lottery for the Philippine Charity Sweepstakes. The company's role in the consortium would be to provide the ticketing terminals, software and central computer system for the lottery.
 Two other bidders for the system were also invited to negotiate for contracts for separate lottery systems, provided they can match all the conditions and stipulations contained in the PGMC bid. Contract negotiations are expected to conclude during the second week of November at which time they are subject to the final clearance and approval of President Ramos.
 As reported in The Wall Street Journal today, the lottery is expected to generate annual revenue of about $1.04 billion. The consortium would operate the lottery for eight years, during which time they would receive 4.9 percent of gross revenues generated by the system.
 ITS currently serves a number of other major Asian customers in China, Malaysia and Hong Kong.
 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- 10/29/93
 /CONTACT: Karen Patchen, manager, investors relations, 619-931-4027/
 (ITSI)


CO: International Totalizator Systems Inc. ST: California IN: CPR SU: CON

EH-MF -- SD004 -- 8574 10/29/93 14:09 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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