Pollard Banknote Issued Contract Renewal by the Wisconsin Lottery

    YPSILANTI, MI, Oct. 23 /CNW/ - Pollard Banknote recently received a
renewal to its pull tab and specialty lottery products contract with the
Wisconsin Lottery for an additional year. Under the terms of the initial
agreement signed in 2004, a further one-year renewal remains possible after
the current contract expires in June 2008.
    Partners since 1993 on an array of popular pull tab tickets, Pollard
Banknote's relationship with the Wisconsin Lottery reached new heights earlier
this year with the successful launch of a new product line designed around
Pollard Banknote's patented two-in-one Double Play(R) game format that
combines a traditional scratch-off game on one side of the ticket and a pull
tab game on the other.
    Helping accelerate sales of this product line was yet another patented
innovation pioneered by Pollard Banknote.
    "Our evolving association with the Wisconsin Lottery signals our sincere
interest in introducing products aimed at attracting the attentions of players
and retailers alike," said Don Sawatzky, Vice President, Sales & Marketing,
Pollard Banknote. "The successful integration of new offerings is an example
of how our two organizations have come together to create products that have
helped address the Lottery's mandate of maximizing proceeds to benefit the
    Established in 1988, the Wisconsin Lottery has generated more than
$7.3 billion (US) in overall revenue since its inception, 95% of which has
been returned to Wisconsin residents either directly or indirectly to support
the common good. More than $2.3 billion, for example, has been earmarked for
property tax relief over the course of the Lottery's nearly 20-year run.

    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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