UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): | May 1, 2006 |
International Lottery & Totalizator Systems, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
California | 0-10294 | 95-3276269 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2131 Faraday Avenue, Carlsbad, California | 92008 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | 760.931.4000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
International Lottery & Totalizator Systems, Inc. ("the Company"), acting through its wholly owned subsidiary, Unisyn Solutions, Inc., entered into a licensing agreement with Election Systems & Software ("ES&S") in May of 2005 for ES&S to manufacture and distribute the InkaVote Plus Precinct Ballot Counter ("PBC") developed by Unisyn Solutions, Inc.
On April 25, 2006, ES&S signed a contract with Los Angeles County to provide 4900 InkaVote PBC units and related software and services for use in Los Angeles County. Initial delivery of the PBC units shall begin no later than July 23, 2006. The Company will receive remuneration according to a profit sharing formula stipulated in the licensing agreement between the Company and ES&S.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
International Lottery & Totalizator Systems, Inc. | ||||
May 1, 2006 | By: | /s/ Steven J. Schwickert | ||
Name: Steven J. Schwickert | ||||
Title: Acting President |
International Lottery & Totalizator Systems, Inc. | ||||
May 1, 2006 | By: | T. Linh Nguyen | ||
Name: T. Linh Nguyen | ||||
Title: Acting Chief Financial Officer |