|Elot, Inc. has announced that it has received a notice of allowance of a patent covering a system and method for purchasing and receiving state lottery tickets over the Internet from the U.S. Patent and Trademark Office. ELot has already submitted the formal drawings and paid the required issue fee for the patent to be granted. ELot expects it to be granted within 60 days.|
Elot, Inc. is a leading application service provider of Internet marketing and advertising technology for both state and international lotteries. On 15 October 2001, the company and its eLottery Inc. subsidiary filed for reorganization under Chapter 11 of the federal bankruptcy code. The company now plans to file a complete reorganization plan by the end of the calendar year.
On top of the patent allowance letter, the company also announced other developments that occurred at World Meet 2001, the combined World Lottery Association and North American Association of State and Provincial Lotteries’ trade show in New Mexico, October 11-15. These included demonstration of the ‘eIDVerifier’ system, an Internet identification technology developed by Equifax, Inc