WINNIPEG, March 26, 2014 /CNW/ - Pollard Banknote Limited (TSX: PBL) is pleased to announce that it has been awarded a five-year
contract extension by the British Columbia Lottery Corporation ("BCLC")
for the supply of instant ticket games and related services. Under this
new agreement, which commenced February 1, 2014, Pollard Banknote will
continue to be the primary supplier of instant ticket games for BCLC.
The value of the contract over the five-year term is estimated to be
approximately $30 million in revenues.
Since 1986, Pollard Banknote has supplied a range of products and
services to BCLC—from game design and instant ticket production to
marketing support and strategic planning. The Lottery has also launched
many of Pollard Banknote's patented and exclusive product innovations
over the years, including Scratch FX®, Spectrum Scratch FX®, PlayBook®,
and other Fusion® games.
This new contract will also give Pollard Banknote the opportunity to
provide a number of value-added services to the Lottery, including
professional development seminars and the company's SureTrack™ lottery
management system. This increased knowledge and efficiency, combined
with the introduction of new innovations over the next five years, will
help BCLC continue to drive sales growth and expand its consumer base.
"Pollard Banknote is very proud of our 28-year partnership with BCLC,"
said Doug Pollard, Co-Chief Executive Officer, Pollard Banknote. "BCLC
is a long-valued customer, and we have worked hard to increase sales
and offer the Lottery an expanding selection of innovative products and
services to meet the consumer behavior of its jurisdiction. We embrace
this opportunity to help BCLC continue its impressive growth in its
instant ticket category to maximize revenues that support health care,
education, and communities in British Columbia."
"We're excited to build upon our relationship with Pollard Banknote and
grow the partnership that has been forged over nearly three decades,"
said Kevin Gass, BCLC's Vice-President of Lottery Gaming. "The company
is known for driving sales and providing leading-edge product
innovations and we look forward to bringing some of those new,
innovative products that will engage and entertain our customers to the
market."
BCLC is a provincial Crown Corporation offering socially responsible
gaming entertainment while generating income to benefit all British
Columbians through health care, education, and important community
programs.
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
