WINNIPEG, April 10, 2014 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that it has been
awarded its first contract with the South Carolina Education Lottery
("SCEL") to provide instant ticket production services and related
marketing support as a secondary instant ticket game vendor. This
five-year agreement commenced in October 2013, and includes provisions
for one additional two-year extension.
Under this new contract, Pollard Banknote will work with SCEL to support
the Lottery's existing instant game strategy by providing an
alternative and exciting new line of instant games when needed by SCEL.
Pollard Banknote's client-focused approach to product development and
category management has been a key factor in growing instant ticket
sales for its clients. As a result, in recent years Pollard Banknote
has expanded its role with a number of U.S. clients after achieving
remarkable success. The company provides a critical role by offering
game design, ticket graphics, and prize structure recommendations.
"We are proud to add SCEL to our growing list of clients in the U.S.,"
said Doug Pollard, Co-Chief Executive Officer, Pollard Banknote. "We
look forward to building a strong, collaborative relationship with the
Lottery and are committed to using our insight, knowledge, and
experience to help attract new players and create excitement among
existing players."
"We are pleased to partner with Pollard Banknote to identify
opportunities to drive growth and increase lottery revenue for
education," said Paula Harper Bethea, Executive Director of SCEL. "We
are exploring Pollard Banknote's portfolio of innovative print products
that offer extraordinary entertainment value and will contribute to
funding of education for the people of South Carolina."
SCEL's mission is to enhance educational funding in South Carolina
through fun and entertaining games and products. Successful from its
outset more than ten years ago, today the Lottery is a world-class
organization, setting records and receiving recognition from industry
and business groups alike. In fiscal year 2012-2013, SCEL achieved its
best sales year on record with sales totaling $1.2 billion. Deposits to
the Education Lottery Account amounted to $300 million—the best since
fiscal year 2006—and a total of $3.1 billion since the start of the
Lottery in 2002.
About Pollard Banknote
Pollard Banknote 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
