Loto Inc. Announces Increase in Authorized Shares and Stock Split
TORONTO, March 27, 2012 /PRNewswire/ -- Mobile Integrated Systems, Inc. (OTCBB: LOTI), formally known as Loto Inc., announced today that they will increase the number of the authorized shares from One Hundred Million (100,000,000) Shares of common stock to Three Hundred Million (300,000,000) Shares. The Company will also effect a five-for-one forward stock split of the Company's issued and outstanding shares held as of record at the close of business on March 26, 2012.
About Mobile Integrated Systems, Inc.
Mobile Integrated Systems, Inc., ("Mobi"), formally known as Loto Inc. (OTCBB: LOTI), is a software solution provider focused on enabling new classes of applications to run on mobile devices (smartphones and tablets that run Apple, Android and BlackBerry and texting phones). Mobi sells a suite of mobile lottery solutions that enable operators to offer game play via mobile devices - in as little as 60 days. Mobi has patent-pending location tracking technology and other proprietary intellectual property that make our offerings unique. Mobi has indentified opportunities in financial and transportation services that are now in proof-of-concept stage. The company's executive offices are located at 502-25 Adelaide St. East, Toronto, Canada; phone 416-479-0880. More information can be found at www.mobilotto.com.
This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Such forward-looking statements are inherently uncertain. Our actual results may vary materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. Loto Inc. cannot provide assurances that any prospective matters described in the press release will be successfully completed or that Loto Inc. will realize the anticipated benefits of any transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by Loto Inc. with the U.S. Securities & Exchange Commission. Loto Inc. undertakes no obligation to update information contained in this release.
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