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eLOT Receives Mexican Patent9 February 2006STAMFORD, Connecticut – (PRESS RELEASE) -- eLOT, Inc., a leading provider of Internet marketing and e-commerce technology for state and international lotteries, announced today that it had received a Mexican certificate of patent registration #230592 that covers eLOT's system for purchasing state and government lottery tickets over the Internet. The patent is based on U.S. patents awarded to eLOT in 2002 and 2004 for its operating system that includes daily number, LOTTO and instant game lottery products purchased and played on the Internet and sold on either a daily basis or by a long-term subscription service. Edwin McGuinn, eLOT's President & CEO, said: "The granting of this patent will make it possible for the two National Lotteries in Mexico, Loteria Nacional and Pronosticos to offer an added sales channel domestically and also to expatriate citizens to play their national lottery via the Internet, representing a substantial untapped source of new inflow to the Mexican treasury." McGuinn went on to note that the patent grant is the first of more than 20 pending patent applications made to foreign governments including Canada, China, Japan, Australia and the European Union. "The approval of our patent in Mexico is going to be significant in affirming our system worldwide as a primary candidate for improving the sophistication and convenience of purchasing lottery tickets and accessing vast new audiences of potential players," McGuinn added. The patent also covers both the eLOT software system and methodology that: * Enables lottery players to receive player and ticket information; * Screens and verifies that lottery players satisfy state eligibility criteria; * Stores player and ticket information * Determines winning tickets and notifies winning players, upon receipt of these data from state authorities. "Our Internet technology patents (U.S. Patent Nos. 6,322,446 and 6,383,078) already enable us to offer lottery jurisdictions in the U.S. a comprehensive e-commerce solution addressing minimum age, problem gaming and residency requirement," McGuinn noted. |