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International Lottery & Totalizator Systems and eLottery Sign Agreement To Process Internet Bets for UK Charity Lottery

CARLSBAD, Calif., March 7 /PRNewswire/ -- INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS, INC. (OTC Bulletin Board: ITSI - news) announced today that it has signed an agreement with eLottery, Inc., a subsidiary of eLOT, Inc. (Nasdaq: ELOT - news) to process Internet transactions through the central computer system that ILTS operates on behalf of GTL Management Limited (GTLML). On March 27, 2000, GTLML is scheduled to launch a new on-line lottery, which will be operated for the benefit of various charities in the United Kingdom. Under an existing agreement with GTLML, a subsidiary of Global Technologies Ltd., (Nasdaq: GTLL - news), ILTS is providing a complete on-line system and facilities management to GTLML, which is the operating company on behalf of Inter Lotto (UK) Ltd., the company licensed by the Gaming Board of Great Britain for conduct the lottery.

The March 27th lottery launch will involve up to 3,500 retail outlets throughout the northern England area, and will offer a Pick Three game played under the name of ``Daily Number.'' Internet sales are expected to commence during the second quarter of 2000, pending final review of the Gaming Board for Great Britain.

``We are pleased to be working with eLottery and GTL to provide processing services for lottery transactions conducted over the Internet,'' said ILTS President Mark Michalko. ``Operating with the ILTS DataTrak gaming system, eLottery technology will provide players in Great Britain with an unique opportunity to participate in a local lottery offering the convenience of the Internet.''

ILTS provides computerized wagering systems, equipment and services including gaming system software, wagering terminals, data communications, consulting, training, facilities management and maintenance support to lottery and racing organizations in 18 countries worldwide. For more information about the company, please visit ILTS' Web Site at http://www.ilts.com.

eLOT, Inc. is committed to leading the governmental lottery industry into the e-commerce market. The Company has developed, installed and operated systems that have processed ten million e-commerce lottery ticket sales and transactions. It has operated Internet, Intranet, telephone, communications, accounting, banking, database and other applications and services that can facilitate the electronic sale of new and existing lottery products worldwide. The Company has also developed transitional e-commerce solutions for governmental lotteries, which leverage the power of the Internet, while political, legal and social issues are simultaneously addressed. eLottery's corporate web site is on the World Wide Web at http://www.elottery.com.

GTL is a technology incubator that invests in, develops and manages emerging growth companies in the networking solutions, interactive information and entertainment systems, e-commerce, telecommunications and gaming industries. http://www.gtll.com.

The statements in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by forward-looking statements. These risks and uncertainties include the absence of significant contract backlog, the dependence on business from foreign customers sometimes in politically unstable regions, political and governmental decisions as to the establishment of lotteries and other wagering industries in which the Company's products are marketed, fluctuations in quarter-by-quarter operating results and other factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 1998.

SOURCE: International Lottery & Totalizator Systems, Inc.