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Interlott Technologies to Provide 12-Game ITVMs to New Hampshire Lottery15 May 2000CINCINNATI, May 15 (Press Release) -- Interlott Technologies, Inc., (Amex: ILI - news) today announced that it has been named the successful bidder by the New Hampshire Lottery for the lease and maintenance of up to 500 12-Game Instant Ticket Vending Machines (ITVMs). The contract is for a three-year period effective July 1, 2000 through June 30, 2003 with options for one two- year extension. In 1994, the New Hampshire Lottery entered into a three-year contract with Interlott to lease and maintain 8-game ITVMs and exercised an option in 1997 to renew the three year contract which expires June 30, 2000. "We have had a successful partnership over the past few years and look forward to continuing our success. We appreciate Interlott's continued interest in providing services to the Commission," said New Hampshire Lottery Executive Director Rick Wisler. "This is the tenth consecutive proposal we have submitted to a lottery in which we have been named the successful bidder. It is the fifth lottery contract we have won in 2000, three domestic contracts and two international contracts," said David F. Nichols, President and CEO. "This says a great deal about our products, our employees and our future. Interlott has contracts with 24 of 32 states that employ ITVMs in the USA and several international jurisdictions." Interlott designs, manufactures, sells, leases, and services dispensing machines for the lottery, telecommunications, and financial services industries. Primary products include instant ticket vending machines (ITVMs) and pull-tab/break open card vending machines (PTVMs) for the lottery industry, phone card dispensing machines (PCDMs) for the telecommunications industry, and SmartCard dispensing machines (SCDMs) for the financial services industry. For additional information, please contact Dennis Blazer, CFO, at (513) 792-7000 or Investor Relations Counsel Bill Roberts at (937) 434-2700 or Ken Paneral at (847) 729-8521. Any forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, new products and technological changes, dependence upon third-party vendors, a limited number of customers, political and other uncertainties related to customer purchases, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. |