Press Release

Pollard Banknote Awarded Eighteen-month Contract Extension By The New Jersey Lottery

WINNIPEG, Manitoba, August 28, 2012 /CNW/ – Pollard Banknote Limited (TSX: PBL) (Pollard Banknote) is pleased to announce that the New Jersey Lottery has awarded Pollard Banknote an eighteen-month extension to its existing contract for instant lottery tickets. This extension, under which Pollard Banknote will remain the primary supplier of instant tickets to the New Jersey Lottery, commenced on July 1, 2012 and ends December 31, 2013 and carries an estimated contract value of $18 million (US). 

Pollard Banknote has been the primary instant ticket supplier to the New Jersey Lottery since 1996. During this period, the Lottery’s annual instant ticket sales have grown from $339.7 million to $1.4 billion, or 302 percent.

“Pollard Banknote is pleased to secure this latest contract extension from the New Jersey Lottery,” said Doug Pollard, Co-Chief Executive Officer. “This extension demonstrates the Lottery’s confidence in our knowledge of the New Jersey marketplace and in our innovative products and services.”

The mission of the New Jersey Lottery is to support State education programs and institutions. It accomplishes this by providing entertaining products through a dynamic public business enterprise built upon honesty, integrity, customer satisfaction, teamwork, and public/private partnerships.