WINNIPEG, Jan. 22, 2014 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that it has been
named the primary supplier of instant ticket printing services for the
Vermont Lottery Commission ("Vermont Lottery"). Under this new
agreement, Pollard Banknote will provide the Vermont Lottery with
instant scratch tickets, game design, and related services. The
three-year contract began January 15, 2014 and includes provisions for
two additional one-year extensions. The estimated contract value is
$6.3 million (USD) over the first three years.
This contract award marks Pollard Banknote's first opportunity to work
with the Vermont Lottery. This new partnership allows the Lottery to
take full advantage of Pollard Banknote's creative game concepts and
designs that feature unequalled playability, expertise in creating
sales-driving prize structures, as well as a number of innovative and
propriety products, including the company's extraordinarily successful,
Pollard PlayBook® concept and Scratch FX® games.
"We are thrilled that the Vermont Lottery has chosen Pollard Banknote as
its primary instant ticket supplier," said Doug Pollard, Co-Chief
Executive Officer, Pollard Banknote. "This is a great opportunity for
our company to establish a collaborative and successful relationship
with the Vermont Lottery, where we can combine our respective visions
to introduce new and exciting products to its instant ticket portfolio
that are sure to resonate with lottery players in Vermont."
"We are looking forward to working with Pollard Banknote as our new
primary supplier of instant scratch tickets," says Greg Smith,
Executive Director, Vermont Lottery. "Pollard Banknote has a reputation
for providing some of the finest instant lottery products in the
industry, as well as an unsurpassed commitment to gaming integrity and
security. We are confident that this new partnership will help maximize
the revenue generated from the sale of instant tickets for the benefit
of all Vermonters."
Since the sale of its first ticket in February of 1978, the Vermont
Lottery has produced over $1.6 billion in overall sales. From those
sales, over $1 billion has been returned to players in the form of
prizes. Over $91 million has gone back into the local communities and
has been paid to local Lottery agents in the form of commissions. Since
1999, over $280 million has gone to the State of Vermont Education
Fund.
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
