Pollard Banknote Awarded New Contract by Veikkaus (National Lottery of Finland)
WINNIPEG, Feb. 11, 2013 /CNW/ - Pollard Banknote Limited (TSX: PBL) (Pollard
Banknote) is pleased to announce that it has signed a three-year contract to
manufacture and supply instant lottery tickets to Veikkaus (National Lottery
of Finland). This new agreement commenced January 1, 2013, and also provides
the option for a one-year extension.
Since 1993, Pollard Banknote has built a long-standing relationship as a
dedicated supplier of instant scratch tickets to Veikkaus. For 20 years,
Pollard Banknote has produced one of the Lottery's most successful core games,
Ässä. In addition, through this ongoing partnership, Veikkaus has continued
to grow and incorporate a steady stream of innovative solutions into its
instant ticket portfolio, including Pollard Banknote's translucent marking
system, patented Scratch FX®, and the Pollard PlayBook®.
"Pollard Banknote is thrilled to continue our relationship with Veikkaus,"
said Doug Pollard, Co-Chief Executive Officer. "This contract award speaks to
the Lottery's confidence in our ability to produce industry-leading products
of the highest quality."
"We are delighted to once again team up with Pollard Banknote; a partnership
that has thrived over the years," remarked Karri Paavilainen, Vice President,
Daily Games. "Pollard Banknote's outstanding customer service and complex
manufacturing capabilities—including their unrivalled ability to produce cut
to singles, pouched and die-cut tickets—combined with Pollard's patented
Scratch FX®, have been vital to Veikkaus' sustained success."
All proceeds generated by Veikkaus go to the Finnish Ministry of Education and
Culture, which then distributes funds to beneficiaries in Finnish arts,
sports, science, and youth work. In 2011, a total of EUR 516 million was
distributed by the Ministry.
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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