WINNIPEG, May 2, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) (Pollard Banknote) is pleased to announce that Lotterywest
has awarded Pollard Banknote a two-year contract for the manufacture
and supply of instant lottery tickets. This represents Pollard
Banknote's first contract with Lotterywest to supply instant tickets to
the Western Australian region. The contract commenced on January 4,
2013 and continues through January 3, 2015, with three one-year
extension options available to 2018.
Lotterywest is a contributor to building Western Australia's quality of
life through proceeds to community, local government, and charitable
organizations including arts and cultural groups, as well as state
health services. In 2011/12, Lotterywest contributed $257 million AUD
to the Western Australian community. Of this, Lotterywest provided
$116.5 million in direct grants to more than 1,000 community and
charitable organizations.
"Pollard Banknote is excited to be working with Lotterywest for the
first time and is looking forward to partnering with the Lottery to
expand their ticket portfolio," said Doug Pollard, Co-Chief Executive
Officer. "This will be a wonderful opportunity to introduce the Western
Australian market to our games and exclusive products including our
popular Scratch FX® tickets, multiple-games PlayBook®, and WebPlay™
interactive games, among others."
In awarding the contract, Lotterywest Chief Executive Officer, Jan
Stewart stated, "We're always looking for ways to increase our
contribution to the community, and are eager to integrate Pollard
Banknote's innovative print and interactive products into our
collection. We believe that the introduction of these new products into
the market in addition to the products provided by our other instant
ticket providers will build on our strategy to engage existing players
and attract new ones, while ensuring we maintain the integrity of our
core values as an organization, and our continued commitment to our
community."
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
