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Global Lottery Corporation Receives a Firm Commitment for US$40 Million in Equity Financing From Finpetrimex sa, a European Pri

^{Published on 2009-09-24 03:20:27 - Market Wire}
 

Global Lottery Corporation Receives a Firm Commitment for US$40 Million in Equity Financing From Finpetrimex sa, a European Private Bank.

LAS VEGAS, Sept. 24 /PRNewswire-FirstCall/ -- Global Lottery Corporation (Pink Sheets: GTTC) is pleased to announce it has received a firm commitment, subject to contract by October '09, for debt cum equity funding for its World Wide Lottery operations that will be used for installation and operation of its proprietary Lottery Systems.

"It has become more apparent that many Countries have a requirement to allow Companies such as Global Lottery Corporation to not only supply the entire Lottery System but to fund the cost of equipment, installation and operation of the Lottery on behalf of either the Licensee or Government," states Gary Newman, Chairman, Chief Executive Officer.

About Global Lottery Corporation

Global Lottery Corporation manufactures a complete line of Lottery Terminals for sale or Joint Venture with Licensed Operators or Governments. Jim Walters, President of Global Lottery Corporation and former President of International Lottery and Totalizater Systems, is one of the foremost pioneers in the Lottery and Pari-mutual Industries who designed and engineered our new age systems. An earlier version has been in operation in 21 Countries such as Australia, New Zealand, Singapore and France for over 20 years under various brand names. One of Mr. Walters' first major customers was The Hong Kong Jockey Club who purchased over $90 million worth of terminals that are still in use today. Email: [ info@globallotterycorporation.com ]" target="_new">[ info@globallotterycorporation.com ]. Website: [ www.globallotterycorporation.com ].

DISCLAIMER: Certain information included herein is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the company's anticipated operating results and financial resources. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other company reports, filings, statements and presentations. If one or more of the assumptions underlying our forward-looking statements proves incorrect, then the Company's actual results, performance or achievements could differ materially from those expressed in, or implied by the forward-looking statements contained in this report. Therefore, we caution you not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This statement is provided as permitted by the Private Securities Litigation Reform Act of 1995.

 Investor Relations: Wakabayashi Fund LLC Tokyo, Japan Jeff Stone 1.914.613.3002 World Stock Exchange 15555 N. Frank Lloyd Blvd. Scottsdale, AZ Bret Reiss 1.480.390.9439