WINNIPEG, July 30, 2014 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce it has been named the new primary instant lottery ticket supplier for Loto-Québec. The five-year contract began February 1, 2014, and carries an approximate value of $38 million over the term of the agreement. Under this new contract, Pollard Banknote will undertake an expanded role with Loto-Québec, providing the Lottery with the majority of its instant ticket products and related services, including tickets with specialty printing features and proposals for new instant game concepts.
With an unrivalled understanding of the Canadian lottery market, Pollard Banknote has been a dedicated supplier of instant lottery tickets to Loto-Québec since 1989 through an agreement with Canada's Interprovincial Lottery Corporation ("ILC"). Loto-Québec awarded Pollard Banknote a contract to print Special Edition combination draw-instant tickets from 2005-2010. Since that time, Pollard Banknote has worked closely with the Lottery to become familiar with its complex production requirements and market considerations.
"Pollard Banknote is thrilled to become the primary supplier of instant lottery tickets for Loto-Québec and is excited to build on our collaborative working relationship," said Murielle Fontaine, Director, Sales & Marketing, Pollard Banknote. "As the leading instant ticket supplier in Canada, we are pleased to draw on our extensive experience and specialized expertise to develop unique and innovative products that meet the specific needs of the Québec marketplace."
"Through ILC projects and Loto-Québec-specific games, Pollard Banknote has been a valued partner for more than two decades," said Elaine Thivierge, Director of Marketing, Loto-Québec. "In that time, Pollard Banknote has consistently provided quality products with exemplary customer service, and we anticipate that this expanded partnership will result in the growth of our instant lottery revenue."
Loto Québec's mission is to responsibly manage games of chance in a controlled and measured fashion, in the interest of all Quebecers. To date in 2014, the Corporation has paid out 39 prizes worth $1 million or more.
About Pollard Banknote
Pollard Banknote is a leading lottery partner to more than 50 lotteries worldwide, providing high quality instant ticket products, licensed games and strategic marketing and management services for both traditional instant games and the emerging iLottery space of web, mobile and social channels. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also plays a major role in the charitable pull-tab and bingo markets in North America. Established in 1907, Pollard Banknote is owned approximately 73.5% by the Pollard family and 26.5% by public shareholders and is publicly traded on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.
Certain statements in this press release may constitute "forward-looking" statements and information, which involve known and unknown risks, uncertainties, and other factors that 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: Doug Pollard, Co-Chief Executive Officer, Telephone: (204) 474-2323, E-mail: [email protected]; John Pollard, Co-Chief Executive Officer, Telephone: (204) 474-2323, E-mail: [email protected]; Rob Rose, Chief Financial Officer, Telephone: (204) 474-2323, E-mail: [email protected]