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.
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
SOURCE Pollard Banknote Limited
For further information: