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EARNINGS

August 27, 1985

International Totalizator reported net income of $251,274 for the first quarter ended June 30, compared with a net loss of $1.9 million in the comparable period last year. Revenues for the quarter ended June 30 rose 170% to $3.5 million. For the first six months, earnings rose to $376,531 after a loss of $2.2 million in the first half of the previous year, while revenues rose 159% to $5.7 million.

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