WINNIPEG, July 5, 2018 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce that it has received a five-year contract extension from the Oregon Lottery for instant ticket printing services. Under this agreement, Pollard Banknote will continue to provide the Lottery with instant ticket printing, marketing support, and related services through June 30, 2023. Based on average annual sales, this contract is valued at approximately $2.65 million USD over the five-year term beginning July 1, 2018.
Since 2005, Pollard Banknote and the Oregon Lottery have worked together to bring a variety of engaging instant scratch games to the citizens of Oregon, including Frogger, the nostalgic licensed brand available to lotteries exclusively from Pollard Banknote; in fact, this Scratch-its℠ ticket performed so well in 2015 that the Lottery launched it again in 2017.
"Oregonians count on the Lottery to fund state programs they care about, and Pollard Banknote helps us to achieve that goal each year," said Barry Pack, Director, Oregon Lottery. "By leveraging Pollard Banknote's print innovations and industry knowledge to develop games that our players enjoy, we continue to deliver funds that support education, economic development, state parks, watershed restoration, veteran services, outdoor school and problem gambling prevention and treatment."
"We are thrilled to have the opportunity to continue to partner with the Oregon Lottery," said Brad Thompson, Director, Sales and Marketing, Pollard Banknote. "The Lottery's approach to Scratch-its℠ balances player favorites with new, innovative offerings that entertain and engage, and we look forward to many more future collaborations."
Since the Oregon Lottery began selling tickets in 1985, it has grown to become the second largest revenue producer for the state following income tax revenues, and continues to do good things for Oregon. Since its inception, the Lottery has earned more than $11 billion for economic development, public education, state parks, and watershed enhancements. It has also paid players over $28 billion in prizes. For more information on the Oregon Lottery visit www.oregonlottery.org.
About Pollard Banknote
Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, 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 plays a major role in providing 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 67.6% by the Pollard family and 32.4% by public shareholders, and is publicly traded on the TSX (PBL). 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.
SOURCE Pollard Banknote Limited
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Doug Pollard, Co-Chief Executive Officer, E-mail: email@example.com; John Pollard, Co-Chief Executive Officer, E-mail: firstname.lastname@example.org; Rob Rose, Chief Financial Officer, E-mail: email@example.com; Pollard Banknote Limited, Telephone: (204) 474-2323