International Lottery & Totalizator Systems (fka ITSI)

[AtlasSnuggled]

the current holder of a majority of our shares of common stock authorizing the Corporation to file an amendment to the Corporation's Bylaws to effectuate a reduction in the number of minimum, maximum and exact number of directors (the “Bylaw Amendment”).

The Majority Shareholder owning approximately 71.3% of the outstanding voting power of the Corporation as of the Record Date, has adopted, ratified and approved the proposed action. No other votes are required or necessary to effectuate the proposed actions. See the caption "No Vote Required for Approval" below.

[Rawnoc]

ITSI is debt-free, cash rich with a history of making money hand over fist which I believe will be forthcoming again in future earnings reports. I expect a huge move up from this price. Here's why:

(1) Backlog is huge vs. their revenue. Historically large backlog has quickly translated to large sales and net income, fundamentally justifying a much larger market cap than current as of the date of me writing this.

(2) Historical earnings before this backlog already justify a stock price at least double than current IMO.

(3) With the issue of voter fraud and moderization increasing in the media, the "cool factor" of the story comes into play IMO.

(4) Any additional business generated, which I believe will continue to come, will be fundamental icing on an already very undervalued cake based on current earnings and backlog. The next election cycle is around a year and a half away so now seems like a good time for jurisdictions to consider using ITSI.

(5) ITSI won another $1 million contract that isn't included in the reported backlog:
http://www.stltoday.com/suburban-journals/stcharles/news/st-charles-county-council-approves-new-voting-machines/article_b2e4eb62-36d2-57c2-9fa6-1802f777d0f1.html

[Rawnoc]

Mine too.

[MikeDDKing]

That is some nice info regarding the interest in upgrading the voting infrastructure. It represents a huge wildcard on top of the very large backlog that the company already has.

[MikeDDKing]

ITSI is one of my favorite stocks which I believe has the potential to be a multi-bagger over the next year. ITSI sells gaming equipment and electronic voting equipment and is sporting a huge backlog of work. Here are the reasons that I like ITSI:

1. ITSI has a backlog of $20.3M as of January of 2013. In the trailing 12 months they had $12.7M in revenue so it seems very likely that revenue will increase dramatically in the coming quarters.

2. Earnings in the trailing 12 months were $0.21/share. Given their large backlog, I expect them to report a total of $0.30-$0.40/share in earnings over the next four quarters. With a stock price just above $1, they are trading at a tiny forward PE.

3. I expect that more jurisdictions in the US and its territories will increasingly transition to electronic voting. There were issues with voting delays in the last presidential election so the spotlight is on this issue. Also, ITSI came close to obtaining a huge contract from Puerto Rico for $26.5M of electronic voting equipment in 2012. It is possible this contract is reconsidered in the future.

4. ITSI has a solid balance sheet with a book value of $0.51/share and cash of $0.51/share.

[MikeDDKing]

This stock is a top position of mine.

[AtlasSnuggled]

International Lottery & Totalizator Systems Receives Order for New Intelimark FLX-2 Terminals From Sports Toto Malaysia
http://finance.yahoo.com/news/international-lottery-totalizator-systems-receives-184648589.html

[AtlasSnuggled]

Summary of Public Comment on the 2005 Voluntary Voting System Guidelines
http://www.american.edu/spa/cdem/upload/7-Avi_Rubin_ACCURATE_report.pdf

[AtlasSnuggled]

Public Comment on the 2005 Voluntary Voting System Guidelines
http://accurate-voting.org/accurate/docs/2005_vvsg_comment.pdf

[AtlasSnuggled]

http://www.eac.gov/testing_and_certification/voluntary_voting_system_guidelines_fact_sheet.aspx

[AtlasSnuggled]

VISTA, CA--(Marketwire - Jan 15, 2013) - International Lottery & Totalizator Systems, Inc. (ILTS) (OTCBB: ITSI) announced today that the Company has received an order valued at approximately US$11 million from Sports Toto Malaysia Sdn Bhd (STM) for new Intelimark FLX-2 lottery terminals, CheckWin units, associated services and software.

[AtlasSnuggled]

The County Council on Feb. 25 voted 6-1 to spend $1 million for 130 optical scan and 130 disability-capable voting machines from Unisyn Voting Solutions Inc. County Elections Director Rich Chrismer said he expects the new machines to be delivered by June and that they should last eight to 10 years.

"I'm happy for the voters because I didn't trust the machines we had," Chrismer said.

[Rawnoc]

So when do we hit $2.00+ ?

[zenvesting]

The Presidential Commission on Election Administration

http://tv.msnbc.com/2013/06/11/fix-the-long-lines-dem-senators-tell-voting-commission/

Dem senators to voting panel: Fix the long lines
Zachary Roth, @zackroth
1:38 PM on 06/11/2013

A group of Democratic senators is urging President Obama’s election commission to take “strong steps” to ensure that voters are no longer forced to wait hours to cast their ballots, as occurred last November in some areas of the country.
“The existence of long lines…defective voting machines, and the lack of staff and adequate resources at polling locations created inexcusable conditions for voters,” Sens. Barbara Boxer of California, Chris Coons of Delaware, Mark Warner of Virginia, and Bill Nelson of Florida said in a letter to the commission’s chairmen sent Tuesday. “Lines created by these conditions are forcing citizens to decide between casting their ballot or caring for a sick child, or earning a paycheck to feed their families. This is a choice that no citizen should have to face.”
Some Virginia voters waited up to five hours to vote in last year’s election, and some Floridians waited seven. That led President Obama to signal his commitment to address the issue during his Election Night victory speech. After praising voters for waiting in long lines to cast their ballots, he departed from his prepared text to add: “We’ve got to fix that.”
The Presidential Commission on Election Administration, created by Obama earlier this year, is chaired by Bob Bauer and Ben Ginsberg, prominent election lawyers for the Democratic and Republican parties, respectively. The panel is scheduled to hold its first public meeting on June 21.
In the letter, the senators urge the commission to hold public meetings in areas of the country where lines were longest but not necessarily restricted to Virginia and Florida. “Voters in these areas had the most difficulty in having their voices heard on Election Day, and are those most deserving of the opportunity to be heard at your public hearings,” the lawmakers write.
They also want the panel to determine whether the long lines were the result of racial discrimination. The senators note a recent MIT report finding that blacks and Hispanics waited twice as long to vote as whites did last year.
And they say the commission should recommend legislation for Congress to pass, based on several measures that have already been introduced. Those bills focus on reducing wait times and on improving the voter registration system.
Some voting-rights advocates have criticized the appointed commission, whose recommendations are non-binding, as a weak response to the problems of the U.S. election system, pointing to the commission’s hyper-partisan chairs, among other issues. But others suggest that the inclusion of Ginsburg, known for his hardball tactics in support of the GOP in past elections, will be crucial to winning Republican buy-in for the panel’s ultimate recommendation.

[Rawnoc]

Are we rich yet?

[zenvesting]

Unisyn Voting Solutions recent contracts (2013):

St. Charles County, MO:
http://www.stltoday.com/news/local/govt-and-politics/mark-schlinkmann/st-chas-co-council-approves-buying-new-voting-machines/article_710a2d09-4765-5f36-8de5-fe3d7665af93.html

Montgomery County, VA:
http://www.wdbj7.com/news/local/Montgomery-County-has-high-tech-voting-machines/-/20128466/20519412/-/9y93jxz/-/index.html

"Virginia's Board of elections has strongly recommending that each of the state's 95 counties convert to these optical scanners and do away with the controversial touchscreen machines, in time for the 2016 presidential election."

[zenvesting]

Election Service Provider Partners:

RBM Consulting:
http://rbmvoting.com/election-services-products/

Henry M. Adkins in MO, IA, & KS:
http://finance.yahoo.com/news/Unisyn-Voting-Solutions-Inc-iw-4093961617.html

[zenvesting]

The Company was incorporated in California in 1978 and began operations in 1979. In 1993, Berjaya Lottery Management (HK) Ltd. became a major shareholder of ILTS, providing substantial resources for continued growth and expansion. In 1999, Berjaya increased its stake in the Company.

http://www.berjaya.com/gaming-lottery-management.html

[zenvesting]

International Lottery and Totalizer Company Background

Organizational History

We are a leading supplier of computerized wagering systems for the lottery and pari-mutuel racing industries. In addition, in recent years, our company has developed certified end-to-end optical scan voting systems and a full-featured Election Management Software that provides precinct tabulation, ballot review and audio voting capability.

ILTS was founded in 1978 and completed an initial public offering in 1981. Our subsidiary, Unisyn, was founded in 2003. Our operations and corporate headquarters are located in Vista, California.

Business Overview

We design, develop and provide secure, innovative and dependable gaming and voting processing systems for public and private organizations throughout the world. We provide a complete range of customized and technologically innovative software, hardware, technical support and site management for our customers’ gaming or voting operations. We believe our responsiveness to customer requirements in these mission critical operational areas is efficient, technologically superior, dependable and continuous over time.

Lottery and Pari-Mutuel Segment

We generate revenue by designing, manufacturing, licensing, managing, supporting, and servicing computerized wagering systems and terminals for the lottery and pari-mutuel racing industries worldwide.

Voting Segment

We generate revenue by developing, manufacturing, licensing and supporting voting systems for the governmental and non-governmental election jurisdictions in the United States under the name of Unisyn Voting Solutions, Inc.

Products and Services

Wagering Systems

Our wagering systems include the following components:

·
A central computer installation that is comprised of computer hardware and a commercially available operating system used in conjunction with our proprietary DataTrak application software;
·
The Datamark and Intelimark families of point-of-sale terminals; and
·
The communication network to interface the terminals to the central computer installation.

System features include real-time, secure processing of data received from multiple locations, hardware redundancy and complete communications redundancy in order to provide the highest level of fault tolerant operation.

Our DataTrak gaming system controls the overall lottery operation. Although to date it has been sold only in conjunction with our terminals, DataTrak can also be sold as a stand-alone system that will interface to third-party terminals. Likewise, the terminals can be, and have been, sold separately to interface to a third-party lottery/tote central systems.

The point-of-sale, proprietary components of our systems are the Datamark and Intelimark families of ticketing terminals. These terminals are compact, reliable, microprocessor-based units, which scan marksense slips or interpret operator-input data in order to produce a ticket receipt to be retained by the customer.

We sell these terminals separately or as part of a turnkey wagering system, or we modify a terminal's features or configurations and central system software to meet specific customer requirements.

Using commercially available hardware and software, we design the communication network to interface the DataTrak central system with the wagering terminals to best fit each customer’s specific telecommunications environment.

Our technology can also be modified for use in secure transaction-processing applications outside the gaming industry. For example, we previously provided a toll-road ticketing system utilizing automated ticket printers and readers.

Wagering Application Software

The principal component of our wagering system is the suite of applications that make up our DataTrak central system. The central system controls the operation of the entire lottery installation, and it performs the following functions:

·
Maintains communication with each point-of-sale terminal;
·
Ensures complete end to end security;
·
Logs all activity and wagers in multiple (redundant) locations;
·
Populates a commercially available database in real time with high level security;
·
Identifies tickets using the lottery game draw results;
·
Calculates the pari-mutuel prize pool amounts that are used to determine the dividend of a given winning ticket;
·
Allows the use of other third party software products to analyze and compile management data; and
·
Provides mission critical fault tolerance.

Development of this software has been an evolutionary process. We continually strive to incorporate new and improved technologies as they become available in the marketplace. This allows us to take advantage of the latest technology trends to enhance existing features of our system, and also to provide new distribution channels and operational features so that our customers can reach new or expanding markets. Since our software architecture is non-proprietary, it can be interfaced with our customers' choice of third party reporting and analysis software tools. The DataTrak system employs a client-server architecture. This gives customers the advantage of configuring the system economically to meet current requirements, while maintaining the ability to expand or contract the system as their operation demands.

Datamark and Intelimark Terminals

We have supplied in excess of 50,000 terminal products to the wagering industry since our first unit was sold in 1980. We currently have two families of full feature terminals in production: the Datamark and the Intelimark, both of which are:

·
Based on PC architecture and utilize commercially available software operating systems;
·
Small, lightweight, and highly reliable; and
·
Programmed using standard software languages.

We have developed many models of Datamark terminals throughout our company’s history. One of the versions in the Datamark family is the XClaim terminal. Its optical mark reader and thermal printer require little or no adjustments or maintenance. It is economically priced and extremely easy to use with features that increase operator efficiency and reduce transaction time. The XClaim can be programmed to meet the specific operating requirements of each individual customer. A keyboard is provided for operator input and an LCD displays the wagering details.

The Intelimark family was introduced in 1999 and incorporates commercially available hardware and software from strategic partners. Our current version, the Intelimark FLX terminal is a modular touch screen lottery terminal packaged to offer maximum flexibility for retailer convenience. All components that make up the complete terminal are freestanding modules that can be arranged to meet the unique physical requirements of each retailer location. Driven by the market demand for enhanced ticket reading capability, the Intelimark FLX is equipped with a high-speed contact image scanner that will accept up to A4 size slips and is capable of character recognition and signature capture. Its modular design, open architecture and PC-based technology provide a flexible platform that is intended to quickly and economically respond to the dynamic needs of both players and retailers.

Spare Parts

In addition to sales of terminals and central system software and hardware systems, we also realize ongoing revenue from the sale of spare parts for use in the repairs and maintenance of the terminal population.

Software and Technical Support Agreements

We offer software maintenance agreements which feature:

·
telephone hotline, onsite and e-mail support;
·
standard upgrades and patches; and
·
primary technical support for third party software products purchased through ILTS.

Additionally, we offer software modifications and enhancements to satisfy specific customer requirements.

[MikeDDKing]

ITSI mention regarding Virginia....

Virginia: Montgomery County gets Unisyn Optical Scan voting machines | wdbj7.com
May 15 2013
» The Voting News

Voters in Montgomery County will be the first to use some of the latest high-tech voting machines. The black box sitting near the front office looks like a big trash can, but it’s a high tech voting tool and Montgomery County registar Randy Wertz, says Montgomery County is one of the first statewide to have it, “Well all you have to do after you plug it in is then you just turn it on. You push the little button back here.” The electronic guts of the Unisyn OVO optical scanner sit right on top. Montgomery County will test out this 6 thousand dollar machine during the Democratic primary next month.

Wertz says the new equipment leaves a distinguishable trail, “It gives you a paper trail of exactly what happened. Now this machine is superior to alot of opti scan machines because it takes a picture of the ballot.”

Montgomery County has 3 brand new opti-scan machines sitting in a corner closet in the registrar’s office, waiting for the June 11th primary.

Virginia’s Board of elections has strongly recommending that each of the state’s 95 counties convert to these optical scanners and do away with the controversial touchscreen machines, in time for the 2016 presidential election.

Full Article: Montgomery County has high tech voting machines – wdbj7.com.

http://thevotingnews.com/montgomery-county-gets-unisyn-optical-scan-voting-machines-wdbj7-com/

[dee_ocotillo_man]

Nice article, hope it leads to some bigger orders being placed in the future. I still am amazed that a company this size can make the machines they do. I understand voting machines aren't exactly "rocket science" but what Unisyn makes still look very impressive to me. Which leads to a line in the article that stated, "The black box sitting near the front office looks like a big trash can, but it's a high tech voting tool"....Looking at the picture on the Unisyn website, the Unisyn OVO optical scanner doesn't look like a "big trash can" to me, it looks pretty impressive.

(I think this link will direct to a picture of the Unisyn machine)....

http://unisynvoting.com/products/ovo.htm

[MikeDDKing]

There is significant potential in Virginia for ITSI's voting subsidiary Unisyn. Unisyn is shown in the video in the following link:

http://www.newsplex.com/home/headlines/City-County-Officials-Look-Over-Voting-Machine-Options-208533591.html

[MikeDDKing]

ITSI is gaining more traction in it's voting division. It looks like they could be obtaining many orders from Virginia based upon the following:

"Virginia's Board of elections has strongly recommending that each of the state's 95 counties convert to these optical scanners and do away with the controversial touchscreen machines, in time for the 2016 presidential election."

http://articles.wdbj7.com/2013-05-13/women-voters_39235356

[blindman28]

looks like a buying opportunity today

[zenvesting]

Good DD, but don't forget to search for what ITSI's partners are doing as well. There's some exciting stuff to be found if you search around for what Unisyn's partner RBM Consulting is doing. RBM seams to be making headway in Indiana with their new Voting Center model, where voters in a few Indiana counties will no longer have to go to a pre-determined "precinct", but can choose from a few local polling places and a central database will keep track of who voted where.

Here RBM Consulting won a contract to replace old ES&S machines in a $400k contract in Floyd County, Indiana:
http://newsandtribune.com/local/x2055656871/Decision-on-Floyd-County-voting-machines-questioned

RBM is also presenting the "voting center" model and Unisyn equipment at public meetings in Hancock County, Indiana:
http://www.greenfieldreporter.com/view/local_story/Residents-eye-vote-center-conc_1363826943

In other news, LA County is also working to modernize voting machines.....watch the video and notice that it's actually Unisyn equipment shown in the video?!?!:
http://www.cafwd.org/reporting/entry/los-angeles-county-working-to-modernize-voting-machines

Unisyn offered it's machines for a controversial re-vote in Tennessee, but this excerpt from this editorial is of particular interest ".....ahead of what will be a mandated switch in the coming months":
http://www.themountainpress.com/opinion/x71423239/Editorial-A-scan-plan

[Rawnoc]

Still accumulating.

[Rawnoc]

$2.00+ coming

[Rawnoc]

Nice...

[seeksup]

Itsi wins:

http://www.stltoday.com/suburban-journals/stcharles/news/st-charles-county-council-approves-new-voting-machines/article_b2e4eb62-36d2-57c2-9fa6-1802f777d0f1.html

[zenvesting]

ITSI: Unisyn Voting Solutions favored over ES&S, despite being the higher bidder! That says something when you beat the biggest name in the business because of the demonstrated quality of the product!!

St. Charles County considers new bid for voting machines

February 15, 2013 12:15 am • Russell Korando [e-mail]

With no elections scheduled this year in St. Charles County after the April 2 municipal election, Rich Chrismer thinks this is the right time to buy new voting equipment.

Chrismer, the county's elections director, recently recommended the County Council approve a $990,366 bid from Unisyn Voting Solutions Inc., one of two companies vying for the contract.

The council on Feb. 11 tabled a bill to authorize the purchase, but could vote on it during its next meeting Feb. 25.

Chrismer has been trying for more than a year to buy new equipment. The council voted 4-1 in February 2012 to authorize spending $1.2 million for 130 optical scan and 130 disability-capable voting machines from Henry M. Adkins & Son Inc. But County Executive Steve Ehlmann vetoed that bill because Adkins was the only bidder at that time, and the council later withdrew it.

The county finance department re-opened the bidding process and received two bids — the one from Unisyn and a bid of $854,400 from Election Systems & Software. Chrismer recommended accepting the higher bid from Unisyn on the basis of on-site demonstrations of both products.

"We had a good competitive bid from the standpoint everybody expected competition, and we saw that reflected in the price reduction," Finance Director Bob Schnur told the council.

Ehlmann said Thursday the council has a tough decision to make about purchasing the new equipment, but he would support its decision either way.

Council Chairman Terry Hollander, R-District 5, said the bill was tabled because council members didn't receive the contract in time for review before the meeting. But with more than one bid received this time, Hollander said he supports buying the new equipment.

"Waiting was a good thing for us," Hollander said Thursday. "Rather than this being some kind of legal thing, we decided to table it. My general feeling is it will pass. I will support it because this is an awful good deal. There might be somebody that might want us to wait another six months to save more money, but it won't work that way."

Hollander was referring to the $250,000 the county would save by accepting Unisyn's bid versus Adkins' original bid of $1.2 million. The rest of the savings comes from Chrismer being able to negotiate an extension of a $129,000 federal grant with the Missouri Secretary of State's office to help pay for the machines. That grant came from the Help America Vote Act of 2012, but will carry over to this year. Chrismer said he also secured a $50,000 voting systems grant from the state. Both grants need approval from the council, which could vote to do so during its next meeting.

"I feel reasonably assured they will vote for the grants," Chrismer said Thursday.

Chrismer said he hopes to have the equipment by June so he could start setting it up for the April 2014 elections. He said Unisyn agreed to buy the county's old machines and properly dispose of them.

The county has 254,000 registered voters and 121 voting precincts. If the new machines are purchased, voters next April would use an iPad to sign in at their polling place. Chrismer said this would keep people from having to stand in lines according to the first letter of their last name. He said voters would still fill in the ovals on paper ballots but would feed the ballots into machines equipped with lasers to count the votes, instead of the infrared lights now used.

"Voters in our county want paper ballots," Chrismer said.

[zenvesting]

Senators reintroduce the FAST Voting Act to help states improve their elections
President Obama made election reform part of his second inaugural address this weekWASHINGTON – Just two days after President Obama used his second inaugural address to renew his call for election reform, U.S. Senators Chris Coons (D-Del.), Mark Warner (D-Va.), Sheldon Whitehouse (D-R.I.) and Richard Blumenthal (D-Conn.) reintroduced their legislation to make substantial improvements in the states’ administration of their elections and to make voting faster and more accessible to all voters. The Fair, Accurate, Secure and Timely (FAST) Voting Act would create a competitive grant program to encourage states to aggressively pursue election reform. The states that demonstrate the most comprehensive and promising reform plans will earn a greater portion of the grant funding.

“Our journey is not complete until no citizen is forced to wait for hours to exercise the right to vote,” President Obama said in his second inaugural address Monday, renewing a call he made the night of the 2012 election for reforms to fix how our nation’s elections are run.

“Making it harder for citizens to vote is a violation of their civil rights,” Senator Coons said. “The 2012 elections were a wakeup call. All over the country, in red states and blue states, Americans saw their fundamental right to vote eroded by exceptionally long lines, confusing rules and voting machine malfunctions. We have to do better than this. The FAST Voting Act is a creative way to jumpstart states’ election reform efforts and ensure that what happened last week doesn’t happen again.”

“The extremely long lines and wait times that many Virginia voters experienced at the polls last November were unacceptable,” Senator Warner said. “The FAST Voting Act addresses the issue in a responsible way: it does not impose new mandates, and authorizes additional resources for states that step-up with commonsense reforms to make voting faster and accessible to more voters. We should be looking for opportunities to improve voting access, and voters should not have to wait in line for hours to exercise this fundamental right.”

“The sight of countless Americans standing in line for hours to vote this past Election Day should remind us that our election system needs to be fixed,” Senator Whitehouse said. “The FAST Voting Act is an important first step, providing incentives for states to take common sense steps to make voting easier for everyone.”

“We cannot permit voter suppression and intimidation, which persist in long lines, ballot shortages, machine malfunctions, bully billboards, and intrusive ID requirements,” Senator Blumenthal said. “Voting is a fundamental aspect of the electoral process that should be protected at all costs, and the FAST voting Act seeks to do exactly that by providing states with resources to reform their election processes.”

The bill was originally introduced in November 2012, just over a week after an Election Day that saw extraordinarily long lines and a myriad of voting issues in more than a dozen states, including Florida, Pennsylvania, Colorado, Ohio, New York, Massachusetts, Wisconsin, Virginia, South Carolina, Montana, Tennessee, Hawaii, Arizona, Rhode Island and more.

This bill authorizes a federal program that would award grants based on how well applicant states are able to improve access to the polls in at least nine specified ways, including:

Providing flexible registration opportunities, including same-day registration;Providing early voting, at a minimum of 9 of the 10 calendar days preceding an election;Providing absentee voting, including no-excuse absentee voting;Providing assistance to voters who do not speak English as a primary language;Providing assistance to voters with disabilities, including visual impairment;Providing effective access to voting for members of the armed services;Providing formal training of election officials, including State and county administrators and volunteers;Auditing and reducing waiting times at polling stations; andCreating contingency plans for voting in the event of a natural or other disaster.The program also requires an assessment of steps the state has taken to eliminate statutory, regulatory, procedural and other barriers to expedited voting and accessible voter registration.

The New York Times offered its support for the FAST Voting Act in November: http://nyti.ms/T5DvnK

As did the Washington Post in December: http://bit.ly/TmwS6b

###




http://www.coons.senate.gov/newsroom/releases/release/senators-reintroduce-the-fast-voting-act-to-help-states-improve-their-elections

[americano]

$5 Bucks Eventually For ITSI may take awhile but it al get there , said it before no one believed at all.

This Stock Used To Trade at high 21-23 dollars, before RS years Ago , so that make it much higher it traded., with the news media touts.

[americano]

This was the Best penny stock out there, just takes loaded paycents to wait for the real money.

ITSI

[zenvesting]

Exposure.....we need to keep an eye on this FAST Act....seams like a reasonable approach to me:
http://www.washingtonpost.com/local/virginia-politics/rep-connolly-holds-woodbridge-event-to-keep-election-day-problems-in-public-eye/2013/01/15/abe2ffce-5f2d-11e2-b05a-605528f6b712_story.html

http://www.enewspf.com/latest-news/latest-national/39671-internet-voting-not-the-solution-to-long-lines-machine-breakdowns-on-election-day-common-cause-tells-lawmakers.html

[Traderfan]

Oh I did. I'm referring to the fact that you called it a complete POS months ago. Given the fact that they aquired more contracts lately we can safely say it's not that much of a POS right? You agree?

[Rawnoc]

There was news today. I guess you didn't notice.

[seeksup]

Nice news maybe this will give us a bit more exposure.

[seeksup]

Great Quarter... .04 eps. Will check out the report later.

[Traderfan]

Good news.

[Traderfan]

Nice numbers.

[Bob22701]

ITSI - INTERNATIONAL LOTTERY & TOTALIZATOR SYSTEMS Signs Agreement With AKTIEBOLAGET TRAV OCH GALOPP for Supply of Terminal Hardware

News Link

GLTA
Bob

[dffhogs]

ITSI filing....

EPS = .07

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8818428

[Rawnoc]

I'll bet you can't sell a single share of this garbage for more than .2913 today unless you can get maybe Zen to buy 200 or 300 shares from you to make it look like slightly less of a disaster.

lol

[Rawnoc]

ITSI got absolutely CRUSHED today. If earnings were so wonderful how come it's nosediving and all the happy shareholders are unwilling to buy?

[Traderfan]

Sure but the latest earnings reports were nothing short of stellar. It's illiquid no doubt.

[Rawnoc]

ITSI's quarterly results have always been all over the map and hence its illiquid side spread almost never trades stock price.

[Knowledge is King]

ITSI announces some voting system certifications for its Unisyn division...



B: Unisyn Voting Solutions OpenElect(R) Suite of Digital Optical Scan Products R
eceives Multiple State Certifications for Its Version 1.1 System Modification (
Marketwire )

SAN DIEGO, CA, Jul 20, 2012 (MARKETWIRE via COMTEX) --
Unisyn Voting Solutions, Inc. (Unisyn) (OTCBB: ITSI) recently
received voting system certifications from the States of Indiana,
Iowa, Missouri, Ohio, Tennessee, and Virginia for Version 1.1 of its
OpenElect(R) suite of voting products. Unisyn's OpenElect(R) suite of
products are certified to the Election Assistance Commission (EAC)
2005 Voluntary Voting System Guidelines (VVSG) standards and are
inclusive of: OpenElect(R) Voting Optical Scan (OVO), OpenElect(R)
Optical Voting Interface (OVI) - 7 inch model, OpenElect(R) Optical
Voting Interface - Vote Center (OVI-VC) - 15 inch model, OpenElect(R)
Central Scan (OVCS), and OpenElect(R) Central Suite (OCS).

"Version 1.1 of the OpenElect(R) system illustrates the commitment
Unisyn Voting Solutions is making to the U.S. election administrators
looking to upgrade or replace their legacy systems. Version 1.1 is
the third enhancement set of Unisyn's industry leading 2005 EAC
certification achieved in early 2010. Unisyn is poised to offer a new
and unique level of efficiency and security not yet seen in the
market to date," stated Barry Herron, Director of Sales for Unisyn.

Unisyn and our business partners are actively supporting
installations of the OpenElect(R) product in the States of Missouri,
Iowa, Indiana, Mississippi, and Virginia. We intend to expand into
other states in late 2012 and early 2013. Please contact our website
below for more information about Unisyn Voting Solutions.

Complete product offerings are available for review at
http://www.unisynvoting.com.

About Unisyn Voting Solutions, Inc.

Unisyn Voting Solutions, Inc. is dedicated to helping government
institutions and private entities optimize their election programs
and provide best-in-class service. Our innovative approach enables us
to deliver election systems and products that are secure, auditable,
flexible, and provide transparency. Unisyn's OpenElect(R) suite of
products have been certified to the 2005 Voluntary Voting System
Guidelines (VVSG) Certification from the Help America Vote Act (HAVA)
guidelines as set forth by the U. S. Election Assistance Commission
for a digital optical scan voting system, and they are built on a
Java and hardened Linux platform. Unisyn makes code available for
review by trusted election officials as part of a procurement
process. As a wholly-owned subsidiary of International Lottery &
Totalizator Systems, Inc. (OTCBB: ITSI), the Company also designed
the InkaVote Plus precinct ballot counter (PBC) which is currently
used in Los Angeles County, California, and Jackson County, Missouri.
For more information, please visit: http://www.unisynvoting.com,
email us at [e-mail] or call us at 760-734-3233.

This press release includes forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. This
Act provides a "safe harbor" for forward-looking statements to
encourage companies to provide prospective information about
themselves so long as they identify these statements as
forward-looking and provide meaningful cautionary statements
identifying important factors that could cause actual results to
differ from the projected results. All statements other than
statements of historical fact, including statements regarding
industry prospects and future results of operations or financial
position, made in this press release are forward-looking. We use
words such as "anticipate," "believe," "expect," "future," "intend"
and similar expressions to identify forward-looking statements.
Forward-looking statements reflect management's current expectations,
plans or projections and are inherently uncertain. Our actual results
may differ significantly from management's expectations, plans or
projections. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
hereof. We undertake no obligation to publicly release any revisions
to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events. Readers are urged, however, to
review the factors set forth in reports that we file from time to
time with the Securities and Exchange Commission.
CONTACT:
Marketing Department
Unisyn Voting Solutions
760-734-3233
[e-mail]

SOURCE: International Lottery & Totalizator Systems
mailto:[e-mail]

[Hegotgame]

I don't know..looks good to me.

[Traderfan]

11 cents EPS in Q4?? Why is this one trading at 50 cents still? Geez.

[Hegotgame]

10-k just out..http://ih.advfn.com/p.php?pid=nmona&article=53128227&xref=newsalert