YPSILANTI, MI, April 23 /CNW/ - Following a recent competitive procurement, Pollard Banknote has been named a successful secondary supplier of instant tickets and related services to the Kentucky Lottery Corporation ("Kentucky Lottery"). This will be the first contract between Pollard Banknote and the Kentucky Lottery. The Request for Proposals document stipulates an initial contract term of at least five years, but at its sole option the Lottery reserves the right to extend the agreement to a maximum of 15 years.
"Pollard Banknote is excited to be breaking ground on our first-ever partnership with the Kentucky Lottery," said Gordon Pollard, Co-CEO, Pollard Banknote. "Over the first few years of what we hope will turn into a long-term collaboration with the Lottery, we're intent on contributing to the expansion and diversity of its product offerings by supplying products that have proven to broaden the player base and generate above-average returns."
Specifically, the Kentucky Lottery will soon have access to such exclusive options as Pollard Banknote's translucent marking system, Fusion(R) games, Scratch FX(R) products, and licensed games portfolio - a suite of offerings that has cooperatively contributed billions of dollars in sales to existing U.S. clients.
Since its inception in 1989, the Kentucky Lottery has contributed more than $3 billion to the State. And since FY 1999, nearly $1.35 billion has been allocated to the Kentucky Educational Excellence Scholarship (KEES) Program, the College Access Program, and the Kentucky Tuition Grants Program. Collectively, these funds have resulted in over a million financial awards geared toward keeping Kentucky's best and brightest students within the state throughout their post-secondary educational pursuits.
About Pollard Banknote Limited Partnership
Pollard Banknote Limited Partnership ("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 firm manufactures instant tickets and provides related programming, design, and marketing support. As well, Pollard Banknote manufactures ticket vending machines, pull tab tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, the firm is owned by the Pollard family and the Pollard Banknote Income Fund 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.
About Pollard Banknote Income Fund
Pollard Banknote Income Fund (TSX: PBL.UN) is an unincorporated, open-end trust which owns 26.7% of Pollard Holdings Limited Partnership, which in turn owns Pollard Banknote Limited Partnership.
This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Pollard Banknote Income Fund ("the Fund") or Pollard Holdings Limited Partnership that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed from time to time in the Fund's periodic reports and registration statements filed with the Canadian securities regulatory authorities. Due to the potential impact of these factors, the Fund disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.
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