WINNIPEG, July 8, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that the Oregon
Lottery® has awarded the company a four-year extension to its existing
contract for instant lottery tickets. This extension will lengthen the
current contract to June 30, 2017. Based on historical sales volumes,
the contract extension carries an estimated value of over $4 million
(USD).
Pollard Banknote has been an instant ticket supplier to the Oregon
Lottery® since 2005. Under this extended contract, Pollard Banknote
will continue to design and print instant tickets and provide
associated marketing-related services and materials for the Oregon
Lottery®.
"Pollard Banknote is pleased to secure this latest contract extension
from the Oregon Lottery®," said Doug Pollard, Co-Chief Executive
Officer. "This extension demonstrates the Lottery's confidence in our
knowledge of the unique Oregon market and in our strength as a provider
of innovative products and services that help expand the Lottery's
player base and sales."
"We look forward to our continued relationship with Pollard Banknote,"
said Oregon Lottery® Director, Larry Niswender. "Their innovative
products have had a great impact on our sales." Oregon Lottery®
Traditional Product Manager, Louise Plata, added, "Our $5 Classic Black game featured their patented Scratch FX®. The ticket sold 54% higher
than our average $5 ticket. We are appreciative of Pollard Banknote's
understanding of our market and their ability to develop great ticket
art."
Pollard Banknote's patented Scratch FX® is a process which replicates
the sparkle and shine of either foil or holographic foil on an instant
ticket, making it standout at retail.
Established in 1984, the Oregon Lottery® supports various statewide
projects and programs. Since its inception, the Lottery has contributed
over $8 billion to support public education, economic development,
state parks and watershed enhancement.
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. For
more information, please visit our website at www.pollardbanknote.com.
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 that 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
