WINNIPEG, Sept. 16, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that the Ohio
Lottery Commission ("Ohio Lottery") has awarded the Company a two-year
extension to its existing contract for instant lottery ticket products
and services. This extension, under which Pollard Banknote will remain
a supplier of instant tickets to the Lottery, commenced July 1, 2013,
and carries an estimated contract value of $7 million USD. This is the
third such extension of the current contract.
This contract extension allows the Ohio Lottery to continue to take
advantage of Pollard Banknote's range of industry-leading products,
including the Company's exclusive Pollard PlayBook®, with which the
Lottery has already seen great success. The Pollard PlayBook® brings
multiple games together in a unique booklet format, enabling players to
enjoy a wide variety of play experiences and a number of different
games in a new and exciting way. Introduced in September 2012, average
sales of the Ohio Lottery's Lucky 7s Playbook after 10 weeks in the market was 45% higher than any other $20 game
launched in 2012.
"Pollard Banknote is thrilled to obtain this latest contract extension
from the Ohio Lottery," said Doug Pollard, Co-Chief Executive Officer,
Pollard Banknote. "Since we became an instant ticket supplier to the
Lottery close to 20 years ago, we have established a solid partnership.
We look forward to continuing to work with the Lottery to identify new
avenues for the delivery of our innovative games to Ohio's players that
will help increase sales and expand their player base."
"We are pleased to once again extend our current contract with Pollard
Banknote," says Dennis Berg, Executive Director, Ohio Lottery
Commission. "Pollard Banknote's innovative products and outstanding
marketing support have helped us to launch new play styles into the
market with great success and we are pleased to continue this
relationship with the goal of maximizing revenues and contributions to
education within the State of Ohio."
Since the first tickets went on sale in Ohio in August 1974, the Ohio
Lottery has provided more than $17 billion to public education through
the sale of a wide variety of instant games and on-line games at more
than 8,800 licensed retailer locations across the state. Annually, the
Lottery provides about four percent of the funding needed for public
education—an effort shared by local, state and federal governments.
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
