WINNIPEG, Jan. 29, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) (Pollard
Banknote) is pleased to announce that it has recently been awarded a one-year
contract by the Iowa Lottery for instant ticket printing and related services.
This agreement commenced on January 1, 2013, and includes the option of four
additional one-year extensions. As well, the Iowa Lottery has chosen to extend
its contract for the production of pull-tab tickets with American Games, a
Pollard Banknote company, for an additional year.
Working closely with the Iowa Lottery since 1993, Pollard Banknote has helped
boost the Lottery's instant ticket sales by 77% over the past six years. The
recent success of games such as Aces High and Holiday Countdown, featuring
Pollard Banknote's patented Scratch FX® process, a high value, eye-catching
look that replicates the appearance of either foil or holographic foil, has
had a considerable impact on the Iowa Lottery's sales. Overall instant
ticket sales have increased more than 14%, from $165.3 million in 2011 to
$188.8 million in 2012.
The unwavering success of this long-standing partnership is further
demonstrated by two of the Iowa Lottery's top-performing products - Crossword
and Bingo - both of which are produced using Pollard Banknote's proven complex
game programming expertise and translucent marking system. In 2012, Crossword
and Bingo games accounted for a combined 34% of the Iowa Lottery's instant
"Pollard Banknote is eager to take this opportunity to expand our role with
the Iowa Lottery," said Doug Pollard, Co-Chief Executive Officer, Pollard
Banknote. "Given Iowa's remarkable sales growth in recent years introducing
products like our patented Scratch FX®, we are confident that our innovations
- including the upcoming launch of the Pollard PlayBook® - will continue to
be a tool used to reach new players in the Iowa market."
"We have forged a strong connection with Pollard Banknote through the years,
both in our instant-scratch and pull-tab ticket businesses," said Terry Rich,
CEO of the Iowa Lottery Authority. "Pollard's support and innovation have
helped us achieve back-to-back record years of scratch ticket sales and we are
pleased we can continue this relationship with the goal of providing more
revenues for the citizens of Iowa."
Since 1985, the Iowa Lottery has raised more than $1.4 billion for state
programs that benefit all Iowans. Today, lottery proceeds in Iowa have three
main purposes: They provide support for veterans, help for a variety of
significant projects through the state General Fund, and backing for the
Vision Iowa program, which was implemented to create tourism destinations and
community attractions in the state and build and repair schools.
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.
Doug Pollard (email@example.com) Co-Chief Executive Officer Telephone: (204)
474-2323 Facsimile: (204) 453-1375
John Pollard (firstname.lastname@example.org) Co-Chief Executive Officer Telephone: (204)
474-2323 Facsimile: (204) 453-1375
Rob Rose (email@example.com) Chief Financial Officer Telephone: (204) 474-2323
Facsimile: (204) 453-1375
SOURCE: Pollard Banknote Limited
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