TORONTO, March 21, 2011 (GLOBE NEWSWIRE) -- Loto Inc. (OTCBB:LOTI) (Frankfurt:WKN A1C8BY), operating through its wholly-owned subsidiary Mobilotto Systems, Inc. ("Mobilotto"), announces that it has signed a Contribution Agreement, in addition to technical and business oriented advisory services, with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP).
This funding has been applied to the development of specific modules enhancing user identification and controls for jurisdictional/location verification.
Stephen Knight, President and CEO of Loto Inc., comments, "NRC-IRAP's support reflects the Canadian Government's commitment to scientific innovation and support for the growth of Canadian companies developing technology locally that soon will be deployed globally. Funding from NRC-IRAP will help us build specific technology modules as part of our overall mobile lottery and gaming solution designed for government regulated markets."
About Loto Inc.
Loto Inc. conducts its operations through its wholly-owned subsidiary, Mobilotto Systems, Inc. Mobilotto is a technology company developing the next generation of electronic gaming that is expected to enable secure lottery and sports betting play on mobile devices. The Mobilotto solution is a robust and intuitive downloaded application that matches the look and method of real lottery offerings. Mobilotto plans to offer a comprehensive solution custom tailored to each licensed lottery operator's regulatory environment, security needs, game preferences and player/client objectives. The solution will combine secure electronic transactions, familiar game play, location/jurisdictional verification, player registration, and player analytics in a comprehensive mobile solution. Mobilotto will provide a secure direct distribution channel between the authorized lottery license operator and the consumer, reducing the reliance on traditional distribution methods. Lottery operators, mobile network operators, media companies or any organization in partnership with the lottery license holder will be able to securely deploy popular games through Mobilotto's technology once fully developed.
The company's executive offices are located at 501-25 Adelaide St. East, Toronto, Canada; phone 416-479-0880. More information can be found at .
The Mobilotto Systems Inc. logo is available at
CONTACT: Loto Inc. Stephen Knight s.knight@mobilotto.com