Massachusetts State Lottery Awards Pollard Banknote Three-Year Contract
WINNIPEG, Manitoba, November 7, 2012 /CNW/ – Pollard Banknote Limited (TSX: PBL) (Pollard Banknote) is pleased to announce that the Massachusetts State Lottery has awarded the company a three-year contract to supply instant lottery printing and related marketing services. The contract, which includes options for two one-year contract extensions, takes effect immediately and continues to at least October 2015 (2017 with extensions).
In fiscal year 2012, the Lottery generated revenues of $4.7 billion, of which $3.3 billion were attributed to instant ticket sales. The Lottery earned over $983 million in net profit in 2012, $883.7 million of which was distributed in the form of unrestricted Direct Local Aid to 351 cities and towns.
Pollard Banknote has been an instant ticket supplier to the Massachusetts State Lottery since 1999 and will continue to supply the Lottery with instant tickets, game designs, and marketing services. “We look forward to continuing our long-standing relationship with Pollard Banknote,” said Massachusetts State Lottery Executive Director Paul Sternburg. “We’ll continue to work together to explore innovative ways to provide our players with the best games and exceptional entertainment and value, while maximizing revenues returned to Massachusetts’ municipalities,” Sternburg continued.
Along with other highly successful tickets, over the years Pollard Banknote has provided the Massachusetts State Lottery with $2, $5, and $10 Cashword tickets. This new contract will enable Pollard Banknote to bring its award-winning interactive, second-chance games (WebPlay™) and licensed products to the Massachusetts market. The Massachusetts State Lottery has the highest per capita instant sales in the world and ranks fifth in the world for total instant sales.
“Pollard Banknote is pleased to secure this latest contract with the Massachusetts State Lottery,” said Doug Pollard, Co-Chief Executive Officer of Pollard Banknote. “This contract demonstrates the Lottery’s confidence in our knowledge of the Massachusetts marketplace and in our ability to continue to deliver consumer benefits by way of innovative products and outstanding marketing services.”
About Pollard Banknote Limited
Pollard Banknote Limited 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.
Certain statements in this press release may constitute “forward-looking” statements and information which involve known and unknown risks, uncertainties, and other factors which 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.
FOR MORE INFORMATION, CONTACT:
Doug Pollard (firstname.lastname@example.org) John Pollard (email@example.com)
Co-Chief Executive Officer Co-Chief Executive Officer
Telephone: (204) 474-2323 Telephone: (204) 474-2323
Facsimile: (204) 453-1375 Facsimile: (204) 453-1375
Rob Rose (firstname.lastname@example.org)
Chief Financial Officer
Telephone: (204) 474-2323
Facsimile: (204) 453-1375