YPSILANTI, MI, June 10 /CNW/ - The Texas Lottery Commission has awarded Pollard Banknote a one-year extension to its existing contract for instant ticket manufacturing and related services. The extension commences September 1, 2010, and ends August 31, 2011.
"Pollard Banknote is pleased to secure this fourth contract extension with the Texas Lottery," said Gordon Pollard, Co-Chief Executive Officer, Pollard Banknote. "We look forward to making the most of this contractual relationship in the coming year by continuing to offer innovative products like our patented translucent marking system for the Lottery's Bingo instant lottery games and our exclusive Scratch FX(R) technology for its premium price points."
The Texas Lottery is committed to generating revenue for the Foundation School Fund through the responsible management and sale of entertaining lottery products.
Since 1997, the Texas Lottery has contributed more than $12 billion to the Foundation School Fund supporting public education throughout the state. Of this total, $1 billion was contributed in fiscal year 2009. Beginning in fiscal year 2010, a portion of the Lottery's proceeds also benefit the Fund for Veterans Assistance.
About Pollard Banknote Limited
Pollard Banknote Limited ("PBL") 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, PBL manufactures pull tab tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, PBL is owned approximately 73.5% by the Pollard family and 26.5% by public shareholders and currently serves more than 45 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.
SOURCE Pollard Banknote Limited
For further information: For further information: Gordon Pollard (email@example.com) or John Pollard (firstname.lastname@example.org), Co-Chief Executive Officers, Phone: (204) 474-2323, www.pollardbanknote.com