NAPLES, Fla.--(BUSINESS WIRE)--April 1, 1997--LottoWorld Inc. (NASDAQ:LTTO), the nation's leading publisher of lottery-related magazines, announced Tuesday that the company has signed investment banking agreements with Banc Services Corp. and Lloyd Wade Securities Inc.
Banc Services Corp., headquartered in Atlanta, is a specialized financial services company offering commercial lending and investment banking services. The company raises capital through the private and public sale of securities, including common and preferred stock, usually through syndication with other firms. Post-transaction financial advisory services include arranging larger public secondary offerings with New York Stock Exchange firms with which the firm maintains relationships.
Lloyd Wade Securities Inc., headquartered in Dallas, is an investment banking firm registered as a member of the National Association of Securities Dealers and the Securities Investors Protection Corp. The firm provides a full range of investment products with an emphasis on achieving long-term goals through diversification from small to medium-sized growth companies to highly secure fixed-income investments.
Dennis B. Schroeder, chief executive officer of LottoWorld Inc., said the company was poised to take advantage of the investment banking expertise of Banc Services and Lloyd Wade to support its current business as well as future growth.
LottoWorld Inc. is the largest publisher of lottery-related magazines in the United States and is the exclusive publisher of the New York Lottery Players Monthly, a 1.1 million copies-per-month magazine published for the New York Lottery. The company also has exclusive agreements with the Georgia, West Virginia and Nebraska Lotteries to publish magazines for each state. -0-
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CONTACT: James D. Cullen, Investor Relations
800/223-6814
or jcullen@coconet.com
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