"Customers outside of the UK should contact their local National Olympic Committees to find out details of ticket sales in their country," Coe said.
The first phase of ticket sales will be handled exclusively through an online request process, beginning on Tuesday and runs through April 22, 2011, at 12 midnight Eastern.
During this request phase, all applicants will have an equal chance of being awarded their requested tickets.
In all there will be 26 sports, 34 competition venues and 645 sessions. Two-thirds of tickets are priced at 50 or less and 2.5 million tickets at priced at 20 or less.
"This is a momentous moment for all involved in London 2012. This starts the journey for those who have been dreaming of getting hold of an Olympic ticket since the day we won the bid in 2005 -- these really are the greatest tickets on earth," Lord Coe said.
"In the UK, people have 42 days to make their application and I urge everyone to take a look at what sports are available on what days and make their choice. If any sessions are oversubscribed we will run a ballot which we think is the fairest way of allocating tickets," he added.
Sebastian Coe and Michael Day pose for the camera at Hampton Court Palace as th new route for the Olympic Games Cycling Time Trial was announced on Thursday
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