Lottofun Technology (LT): LT is an equal partner with USM in the lottery business
in India. LT has raised 7.5 million US Dollars for their participation. LT is running the retail operation of the on-line lottery business in Taiwan and is the favorite to win the next five-year contract to run the Taiwan lottery business. Currently LT is involved in setting up VLT terminals in China. They worked as consultants to the South Korean lottery and were also involved in Vietnam lottery. They have their own design department and software engineers and were instrumental in the design and execution of two of the most popular game designs in Taiwan. LT is handling the technical part of the operation in India.
Wincor Nixdorf: (WN) is a subsidiary of Siemens (Germany). They are the number one manufacturer of lottery terminals and other gaming machines. Their main office is located in Singapore. WN is working closely with us to set up the launch. Their managing director has visited India numerous times to study the market and advise us. The first ten thousand terminals will be supplied by WN. Their terminals have been checked out by the central system manufacturer and found to be compatible. WN will give us back up support for at least one year free and then on a retainer basis.
Jupiter Systems: (JS) This is our central system and software provider. They are located in Australia and operate the Australian lottery. They are now an internationally recognized company, operating in five countries. JS will have their engineers and maintenance crew in India for one year. They will train the local engineers and maintenance crew so that at year end the local staff will be able to handle the job. JS has visited India various times and are familiar with the marketplace.
RFranco Technology: (RF) This is the newer addition to our associate companies. RF operates the Montreal (Canada) lottery. Their home office is in Madrid (Spain). RF operates lotteries and casinos. They operate in Peru, Spain, Argentina, Mexico and Italy. They supply lottery terminals to the industry. Their newest terminal “Cuatro” is a hit in the lottery industry. Last month RF agreed to manufacture the terminals and software in India under a partnership agreement with USM. The final agreement is being drafted by the respective attorneys. We intend to supply these terminals to other Asian countries that are opening up their lottery markets hence competing with WN.
Hughes (India): This is a subsidiary of Hughes USA. Hughes is the leading telecom / technology company in India. Hughes has studied the lottery market in India and has successfully connected V-sats to lottery terminals. We have an agreement with Hughes whereby they will be in charge of all the terminals, central systems connectivity and around the clock monitoring of our entire operation. In fact our central system will be located in the Hughes facility monitored twenty-four hours by their staff. Hughes will replace the sudden breakdown of any one of terminals immediately. They will also monitor the sales of the terminals and relocate a terminal that is not performing well. We plan to have three to four hundred terminals on hand at all times to replace a malfunctioning terminal cutting the down time to hours instead of days.
Forbes Group: A company known for resounding success in consumer products, the Forbes Group is part of the Shapoorji Pallonji & Co. Ltd. - an immensely respected corporate giant with a rich tradition of over 130 years. apart from the many companies within the group, Shapoorji Pallonji & Co. Ltd. is also the single largest private shareholder in TATA Sons, which is the holding company for the TATA Group Companies. Furthermore successful diversification into construction, power, petroleum and finance has made Shapoorji Pallonji & Co. Ltd. on of the country’s largest business conglomerates.
Strategica Group: Strategica Group a full service investment banking firm, and Strategica Capital Corporation, it’s merchant banking affiliate, provide debt and equity financing, restructuring and financial advisory services. We utilize our own capital, or funds raised through our efforts, then combine capital and expertise in strategic partnership with America’s emerging corporations to facilitate or enhance those businesses.
Strategica has investment experience in many fields, including telecommunications, environmental services, mortgage banking, health care, pharmaceutical, manufacturing, shipping, transportation, retail, airlines, software, technology, real estate, publishing, insurance, electronics and others.
Mr. Dan Bower: Consultant. Mr. Bower has been in the lottery business all his life. He was the founder of Scientific Games and the CEO of AWI, two of the leading US based lottery companies in the world. Mr. Bower gives us advise on all aspects of the lottery business.
Mr. Bud Libby: Consultant. Mr. Libby is a CPA and has been in the lottery business for the past twenty years. Mr. Libby gives us advise related to ticket and game pricing along with the prize structures.
Mr. Roger Clark: Consultant. Mr. Clark also has been in the lottery business for the past thirty years. Mr. Clark has his own instant games like MONOPLY. He works with G-tech and Scientific games developing games for them. Mr. Clark advises us in the marketing field.
Competition: Currently there are two prominent lotteries running in India, ‘Playwin” and “Fortune Lotto”. Playwin has 5000 terminals in operation and Fortune has 1800 terminals in operation. Playwin has been in operation for two years and Fortune has been in operation for thirteen months. None of these two brands have any prior lottery experience.
We feel we have an edge on the competition in India with our equipment suppliers and partners/consultants.
Prize Pool Structure: Our share of lottery revenue is very high in comparison to the industry. We will get 20 percent of the revenue stream, 50% goes to the prize pool (this is universal) 5% will go to the retailer and 25% will go to the government. In comparison, Camelot of UK gets 2% for the operation and US companies get 1 - 2 %. The total infrastructure, equipment, marketing, promotion has to be financed by the operator in India. However, due to the fact that it is the state government’s lottery we will get subsidized rates for television and print advertising.
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