WINNIPEG, April 23, 2014 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that it has
secured a six-year secondary contract to supply instant scratch tickets
and related services to Washington's Lottery—a new lottery client for
the company. The award is the result of a competitive procurement
process and includes an option to extend the contract for up to four
additional years in any number of extensions.
The sale of instant scratch tickets accounted for more than half of the
Lottery's total revenues for fiscal year 2013. Through this new
partnership, Pollard Banknote will help the Lottery further increase
player engagement by introducing new and innovative products to its
customers.
"We are very excited to begin working with Washington's Lottery for the
first time in our company's history," said Doug Pollard, Co-Chief
Executive Officer, Pollard Banknote, adding that "by securing this new
contract, the Lottery demonstrates its confidence in our ability to
offer the latest innovations to help maximize proceeds for the
wide-ranging education programs it supports. We look forward to helping
the Lottery creatively respond to changes in both the lottery industry
and the Washington marketplace with exciting leading-edge innovations
that have broad appeal."
About Washington's Lottery
Created in 1982, Washington's Lottery was established to generate
revenues for state programs through the sale of lottery products,
including draw-based and instant games. The Washington Opportunity
Pathways Account (WOPA) is the primary beneficiary of the Lottery. In
2013 it received $115.6 million in proceeds to support education
programs and scholarships.
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
