Kansas Lottery Awards New Primary Contract to Pollard Banknote

    YPSILANTI, MI, Oct. 20 /CNW/ - The Kansas Lottery has awarded Pollard
Banknote a new five-year primary contract for the production of instant
lottery tickets following a procurement competition that took place earlier
this year. With this contract, Pollard Banknote continues to serve as the
Kansas Lottery's major supplier of instant tickets, providing services such as
game design, ticket production, marketing support, and strategic planning.
    A client of Pollard Banknote since 1997, this new award lengthens the
company's longstanding partnership with the Kansas Lottery until September
2013 and includes the option to extend the term of the contract for up to
three additional years. This new contract has an estimated total value of
$40 million (US) if the Lottery exercises all contract extensions.
    "Kansas is very pleased to continue the fantastic relationship we have
experienced over the past decade with Pollard Banknote," said Ed Van Petten,
Executive Director, Kansas Lottery.
    Since Pollard Banknote's primary partnership with the Kansas Lottery
began, overall instant sales have increased by 63% - from $70.38 million in
fiscal year 2002 to just over $114 million in fiscal year 2007. This
significantly eclipses the average U.S. increase of 48% during that same
    "The Kansas Lottery has seen tremendous growth in instant ticket sales
throughout its partnership with Pollard Banknote," said Gordon Pollard,
Co-Chief Executive Officer, Pollard Banknote. "We are delighted to play a role
in the Kansas Lottery's success and look forward to working with the Lottery
to capitalize on its instant ticket sales targets in the coming years."
    The Kansas Lottery's instant sales growth is derived from the
introduction of innovative, higher price point offerings and an exceptionally
strong core game lineup. Core games such as Crossword and Bingo, featuring
Pollard Banknote's patented translucent marking system, currently represent
over 35% of the Lottery's weekly instant sales. And in 2007, to mark its 20th
year in operation, the Kansas Lottery launched $200,000 CELEBRATION - the
Lottery's first-ever $20 scratch ticket. The game sold 92% higher than the
average $10 game resulting in the $20 product line becoming a permanent
fixture in the Kansas Lottery's product mix.

    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

    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.

    Forward-Looking Statements

    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.

For further information:

For further information: Gordon Pollard, (gpollard@pbl.ca) or John
Pollard, (jpollard@pbl.ca), Co-Chief Executive Officers, Phone: (204)
474-2323, www.pollardbanknote.com

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