Pollard Banknote Signs Extension with the New Jersey Lottery to June 30, 2012

WINNIPEG, April 21 /CNW/ - Pollard Banknote Limited (TSX:PBL) ("Pollard Banknote") announced today the extension of its agreement with the State of New Jersey for the supply of instant lottery tickets and related marketing services to June 30, 2012.

This extension, valued at US$12 million, extends the term of Pollard Banknote's current ten-year supply agreement to June 30, 2012 subject to the same terms and conditions.  Pollard Banknote has been the primary supplier to the New Jersey Lottery since 1996.

"The New Jersey Lottery is one of the most successful lotteries in the world, and we are delighted to sign this extension," said Gordon Pollard, Co-Chief Executive Officer, Pollard Banknote. "Our 15-year partnership with the Lottery has resulted in the launch of innovative products and strategies that have played an important part in the Lottery's phenomenal 283% growth during this period. We are honored to support the New Jersey Lottery as it strives to raise revenues for education and institutions benefiting the citizens of New Jersey."

About New Jersey Lottery
The New Jersey Lottery sold its first lottery ticket on December 16, 1970. The mission of the New Jersey Lottery is to raise funds for education and institutions benefiting the citizens of New Jersey through the sale of lottery products. The Lottery offers a variety of number-related, draw-style games and instant lottery tickets through more than 6,000 agents located throughout the state. Fiscal year 2010 audited financial statements reported $924 million dollars returned to education and institutions benefiting the citizens of New Jersey.

About Pollard Banknote Limited
Pollard Banknote 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 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.

Forward-looking Statements
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.

SOURCE Pollard Banknote Limited

For further information:

John Pollard (jpollard@pollardbanknote.com
Co-Chief Executive Officer
Telephone: (204) 474-2323
Facsimile: (204) 453-1375   
Gordon Pollard (gpollard@pollardbanknote.com)
Co-Chief Executive Officer
Telephone: (204) 474-2323
Facsimile: (204) 453-1375

 


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