WINNIPEG, July 28, 2014 /CNW/ - Pollard Banknote Limited (TSX: PBL) is pleased to announce it has been named the new primary
supplier of scratcher ticket printing and services for the Virginia
Lottery. The five-year contract is set to begin October 28, 2014, and
includes provisions to extend the agreement for up to five additional
years. The estimated contract value is $20,250,000 (USD) over the first
five years.
The Virginia Lottery will benefit from Pollard Banknote's proven ability
to develop unique instant game strategies and concepts. This new
contract allows the Lottery to take full advantage of the company's
expansive portfolio of innovative and propriety products, including
proven sales-driving play formats like the Pollard PlayBook®, and
cutting-edge ticket print enhancements such as Scratch FX® that make
tickets stand out in stores. Pollard Banknote also offers a growing
range of interactive and technology-enabled products that can both help
the Lottery broaden its player base by engaging a wide variety of
consumer segments, and optimize instant ticket sales at retail.
"Pollard Banknote is excited for this opportunity to demonstrate our
strengths and capabilities to the Virginia Lottery as its new primary
supplier of instant ticket printing and services," said Jennifer
Westbury, Executive Vice President, Sales & Customer Development,
Pollard Banknote. "We are dedicated to working with the Lottery to
develop market-specific strategies that will leverage our unique and
innovative products to foster sales growth in Virginia and maximize
revenue to support public education within the State."
"We are pleased to name Pollard Banknote as our new primary scratcher
ticket supplier, and look forward to building a strong and
collaborative partnership with the company in this new role," said
Paula Otto, Executive Director, Virginia Lottery. "Pollard Banknote's
vision is very much in line with the Virginia Lottery's—to be an
innovative leader in delivering lottery games to the broadest possible
consumer base. We are eager to explore every opportunity to create
exceptionally entertaining products and services that exceed the
expectations of Virginia's players and retailers, and ultimately
benefit all Virginians."
For nearly three decades, the Virginia Lottery has been producing fun
and exciting games for Virginians to enjoy. Since 1999, all Virginia
Lottery profits have been used to support public education in the
Commonwealth. Last year alone, the Virginia Lottery generated sales
totaling nearly $1.7 billion, and contributed more than $486 million to
Virginia's public schools.
About Pollard Banknote
Pollard Banknote is a leading lottery partner to more than 50 lotteries
worldwide, providing high quality instant ticket products, licensed
games and strategic marketing and management services for both
traditional instant games and the emerging iLottery space of web,
mobile and social channels. The company is a proven innovator and has
decades of experience helping lotteries to maximize player engagement,
sales, and proceeds for good causes. Pollard Banknote also plays a
major role in the charitable pull-tab and bingo markets in North
America. Established in 1907, Pollard Banknote is owned approximately
73.5% by the Pollard family and 26.5% by public shareholders and is
publicly traded on the TSX (PBL). 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
<p> </p> <p> Doug Pollard<br/> Co-Chief Executive Officer<br/> Telephone: (204) 474-2323<br/> E-mail: <a href="mailto:dpollard@pbl.ca">dpollard@pbl.ca </a> </p> <p> John Pollard<br/> Co-Chief Executive Officer<br/> Telephone: (204) 474-2323<br/> E-mail: <a href="mailto:jpollard@pbl.ca">jpollard@pbl.ca</a> </p> <p> Rob Rose<br/> Chief Financial Officer<br/> Telephone: (204) 474-2323<br/> E-mail: <a href="mailto:rrose@pbl.ca">rrose@pbl.ca</a> </p>