WINNIPEG, Dec. 18, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that, pursuant to
a competitive procurement process, it has been chosen to continue as a
supplier to the California Lottery to provide Scratchers® games and
related services. This six-year contract commenced December 1, 2013 and includes the option of a three-year extension, plus
three additional one-year extensions.
Pollard Banknote's relationship with the California Lottery dates back
to 1997. Through the years, the company has successfully worked with
the California Lottery to help strengthen its instant game portfolio.
In particular, Pollard Banknote has assisted in the development of the
Lottery's extended play category, which includes Crossword and Bingo
games. In fiscal year 2013, revenue generated from Pollard Banknote's
Crossword and Bingo games accounted for more than 20% of the California
Lottery's total instant ticket sales.
Yet another testament to the success of this longstanding partnership
was the launch of the California Lottery's $3 Tripling Crossword game in 2008. Printed exclusively by Pollard Banknote, Tripling Crossword is the longest running Crossword game and second longest running
instant game in the Lottery's history. Since the introduction of Tripling Crossword, it has generated more than $955 million in total sales—making it the
top selling Crossword game of all time in California!
"We are honored that the California Lottery has once again chosen
Pollard Banknote as a supplier of its Scratchers® games," said Doug
Pollard, Co-Chief Executive Officer, Pollard Banknote. "Since we began
working with the Lottery more than 15 years ago, we have established a
collaborative and successful relationship that we look forward to
building on in the years to come. We will continue to work with the
Lottery to produce fresh and exciting Scratchers® games that are of the
utmost quality and value for California players."
The mission of the California Lottery is to provide supplemental funding
to California schools while simultaneously supporting local
communities. More than $0.96 of every dollar spent by California
lottery players goes back to local communities in the form of
contributions to public schools and colleges, prizes and retail
compensation.
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
