Pollard Banknote awarded contract extension by the New Jersey Lottery

    YPSILANTI, MI, Nov. 15 /CNW/ - Pollard Banknote was recently issued a
one-year renewal to the New Jersey Lottery's contract to supply instant
lottery tickets and related services. An extension of the original contract
signed in 2001, this latest agreement lengthens the company's partnership with
the Lottery until October 2008.
    As primary supplier, Pollard Banknote has worked with the New Jersey
Lottery during a period in which the Lottery achieved an ongoing "top 10"
ranking worldwide for instant sales per capita. "The Lottery's accomplishments
in the instant ticket arena offer up ample evidence of a business model that
works well," said Gordon Pollard, Co-Chief Executive Officer, Pollard
Banknote. "We have developed a strong working relationship that is driven by
efficiencies and results."
    The Lottery's concerted effort to provide its players with innovations
and new product offerings has been a driving force in the successes enjoyed
over the past number of years. By taking full advantage of Pollard Banknote's
licensed property portfolio, proprietary play styles, and patented
technologies (like the company's Scratch FX(TM) and Fusion(R) games, and its
industry-leading translucent marking system), the Lottery has been able to
present an evolving array of instant products that captures the attention of
increasing numbers of consumers while keeping existing players interested in
instant games.

    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,

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