WINNIPEG, Manitoba, May 5, 2014 /CNW/ – Pollard Banknote Limited (TSX: PBL) (Pollard Banknote) is pleased to announce that it has been named the primary supplier of instant ticket printing services for the Interprovincial Lottery Corporation (“ILC”). Under this new agreement, Pollard Banknote will provide instant tickets, game design, and related services to the five Canadian regional lottery corporations, which work together through the ILC to undertake national lottery games. The five-year contract began December 30, 2013, and includes provisions to extend the agreement for up to five additional years.
As the leading instant ticket supplier in Canada, Pollard Banknote boasts an intimate, unrivalled understanding of the Canadian market. Pollard Banknote has been a partner to the ILC for more than 25 years, and has successfully worked with each of the five Canadian lotteries to develop top-selling regional games. In the last 10 years alone, Pollard Banknote has printed approximately 2,000 instant games for its Canadian clients, including the ILC and the five regional lotteries. This new five-year contract will allow Pollard Banknote to continue to assist each jurisdiction in growing their $10 and $20 portfolio with appealing prize structures and enhanced print innovations.
“The ILC is a long-valued customer of Pollard Banknote, and we are very proud of the cooperative relationship we have established over more than two decades,” said Doug Pollard, Co-Chief Executive Officer, Pollard Banknote. “We have worked hard to offer an expanding selection of products and services, and this new contract underscores the confidence the ILC has in our ability to successfully develop and print multi-jurisdictional games with their inherent complexities. We look forward to building upon our success in the coming years with the mutual goal of increasing revenues for ILC, and the good causes its member lotteries support.”
The ILC is a nationwide lottery organization incorporated in 1976. The five Canadian regional lottery corporations that are members of the ILC include the Atlantic Lottery Corporation (New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island), Loto-Québec, the Ontario Lottery and Gaming Corporation, the Western Canada Lottery Corporation (Manitoba, Alberta, Saskatchewan, the Yukon, Northwest Territories, and Nunavut), and the British Columbia Lottery Corporation. These lottery corporations are responsible for games in their respective jurisdictions, and oversee the planning, risk management, and business oversight of national initiatives through the ILC Board, its Executive Committee, and other specific committees and working groups.
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.
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.
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