Press Release

Washington’s Lottery Awards New Six-year Contract To Pollard Banknote

WINNIPEG, Manitoba, 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.