FIRM AGREES TO MERGE WITH LOTOQUIK INT'L

  &lt;Chatsworth Enterprises
  Inc>, a publicly held shell corporation, said it signed a
  letter of intent to merger with &lt;Lotoquik International Ltd>, a
  Nassau, Bahamas-based maker of video lottery machines.
      Under terms of the merger agreement, Chatsworth said
  Lotoquik shareholders would own a majority of the surviving
  company.
  

