WINNIPEG, Feb. 11, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) (Pollard Banknote) is pleased to announce that it has signed
a three-year contract to manufacture and supply instant lottery tickets
to Veikkaus (National Lottery of Finland). This new agreement commenced
January 1, 2013, and also provides the option for a one-year extension.
Since 1993, Pollard Banknote has built a long-standing relationship as a
dedicated supplier of instant scratch tickets to Veikkaus. For 20
years, Pollard Banknote has produced one of the Lottery's most
successful core games, Ässä. In addition, through this ongoing
partnership, Veikkaus has continued to grow and incorporate a steady
stream of innovative solutions into its instant ticket portfolio,
including Pollard Banknote's translucent marking system, patented
Scratch FX®, and the Pollard PlayBook®.
"Pollard Banknote is thrilled to continue our relationship with
Veikkaus," said Doug Pollard, Co-Chief Executive Officer. "This
contract award speaks to the Lottery's confidence in our ability to
produce industry-leading products of the highest quality."
"We are delighted to once again team up with Pollard Banknote; a
partnership that has thrived over the years," remarked Karri
Paavilainen, Vice President, Daily Games. "Pollard Banknote's
outstanding customer service and complex manufacturing
capabilities—including their unrivalled ability to produce cut to
singles, pouched and die-cut tickets—combined with Pollard's patented
Scratch FX®, have been vital to Veikkaus' sustained success."
All proceeds generated by Veikkaus go to the Finnish Ministry of
Education and Culture, which then distributes funds to beneficiaries in
Finnish arts, sports, science, and youth work. In 2011, a total of EUR
516 million was distributed by the Ministry.
About Pollard Banknote Limited
Pollard Banknote Limited is one of the world's leading full-service
lottery vendors and is a major supplier to North America's charitable
gaming industry. The company manufactures instant lottery tickets and
provides related programming, design, and marketing support. As well,
Pollard Banknote manufactures pull-tab tickets and bingo paper, and
supplies lottery management services (including warehousing and
distribution). Established in 1907, Pollard Banknote is owned
approximately 73.5% by the Pollard family and 26.5% by public
shareholders and currently serves more than 50 lotteries worldwide,
including some of the largest and most respected lotteries in the
United States, Canada, Europe, Asia, and Central and South America.
Forward-looking Statements
Certain statements in this press release may constitute
"forward-looking" statements and information which involve known and
unknown risks, uncertainties, and other factors which may cause actual
results, performance, or achievements to be materially different from
any future results, performance, or achievements expressed or implied
by such forward-looking statements. When used in this document, such
statements include such words as "may," "will," "expect," "believe,"
"plan," and other similar terminology. These statements reflect
management's current expectations regarding future events and operating
performance and speak only as of the date of this document. There
should not be an expectation that such information will in all
circumstances be updated, supplemented, or revised whether as a result
of new information, changing circumstances, future events, or
otherwise.
SOURCE: Pollard Banknote Limited
