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Pollard Banknote Ltd
Symbol PBL
Shares Issued 25,625,658
Close 2019-05-13 C$ 23.50
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Pollard receives instant ticket warehousing contract

2019-05-13 11:06 ET - News Release

Mr. Doug Pollard reports


Pollard Banknote Ltd. will be partnering with the Arizona Lottery to deliver instant ticket warehousing and distribution services, as a result of being awarded a contract through a competitive procurement process. The six-year contract began on Feb. 14, 2019, and will end on Aug. 30, 2026.

Pollard Banknote has been an instant ticket printing and production services provider for the lottery since 1998 and was awarded the first pull-tab ticket warehouse and distribution services contract in Arizona in 2010. Under this new contract, Pollard Banknote will operate an instant ticket warehouse and distribution centre for the lottery, which will include telemarketing services, inventory storage and management, order fulfilment, and distribution to retailers, as well as marketing support to foster sales growth and retail excellence. In order to create greater efficiency, pull-tab and instant ticket warehousing and distribution services will be consolidated under this contract once the existing pull-tab agreement has expired.

Pollard Banknote will manage the lottery's instant ticket inventory using its state-of-the-art, proprietary SureTrack lottery management system. SureTrack is a Web-based, turnkey solution with a range of flexible tools for inventory control and management, forecasting, ordering, distribution, validation, and reporting that support lottery goals for sales and retail expansion. Pollard Banknote's SureTrack technology solution has been used by a variety of lotteries around the world for 18 years.

"Pollard Banknote is thrilled to have the opportunity to partner with a long-standing client like the Arizona Lottery in a new capacity to deliver instant ticket warehousing and distribution services," said Brad Thompson, vice-president of sales and marketing at Pollard Banknote. "We have worked diligently to develop a modern and sophisticated lottery management solution that offers outstanding operational support. We look forward to implementing this solution for the Arizona Lottery and we are confident that it will play an important role in our holistic approach to helping the lottery drive sales of pull-tabs and instant tickets."

"At the Arizona Lottery, our mission is to maximize net revenues in a responsible manner to support programs that benefit Arizona communities," said Gregg Edgar, executive director at Arizona Lottery. "Over the course of our more-than-20-year-long relationship, Pollard Banknote has demonstrated a keen ability to provide quality products and services that help us deliver on our mission. We are confident that Pollard Banknote is the right partner to help us take our sales to new heights by providing instant ticket warehousing and distribution services."

About Pollard Banknote Ltd.

Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high-quality instant ticket products, licensed games, Schafer Systems retail merchandising solutions and a full suite of digital offerings, ranging from game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. 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 provides pull-tab tickets, bingo paper, and its Diamond Game and Oasis-branded electronic ticket machines to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 67.5 per cent by the Pollard family and 32.5 per cent by public shareholders and is publicly traded on the Toronto Stock Exchange.

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