WINNIPEG, April 9, 2019 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") is pleased to announce the signing of a five-year renewal to its Instant Printing Services Agreement with the Interprovincial Lottery Corporation ("ILC"), which commenced December 31, 2018. Under this agreement, Pollard Banknote will continue to provide Instant tickets, game design, and related services to the five Canadian regional lottery corporations, which work together through the ILC to undertake national lottery games.
Pollard Banknote has been a partner to the ILC for nearly 30 years. ILC's expertise as the coordinating agent representing each of the five Canadian lotteries, combined with Pollard Banknote's selection of print innovations and unrivalled understanding of the Canadian market, has led to the development of numerous top-selling regionally-specific national games over the decades. Two past examples of wildly successful game releases are testaments to this strong partnership— Ultra, and X Money. Both games showcased Pollard Banknote's dazzling Spectrum Scratch FX® – a feature that adds the look of radiant colour-tinted foil to the tickets. This not only helped boost visibility at retail, but brought with it strong sales results. X Money, for example, was a top selling ticket within each and every one of the five jurisdictions overseen by the ILC.
"Pollard Banknote is thrilled to have the opportunity to continue to build on the successful partnership we have established with the Interprovincial Lottery Corporation over three decades," said Brad Thompson, Vice President, Sales & Marketing, Pollard Banknote. "The Lottery utilizes its multi-provincial strength, as well as Pollard Banknote's leading-edge printing processes, to create dynamic national games that players love. We look forward to continuing to support the ILC with exciting new tickets that stand out at retail using our eye-catching designs, and are committed to continue our productive collaboration over the upcoming years."
The ILC is a nationwide lottery organization incorporated in 1976. The five Canadian regional lottery corporations that are members of the ILC include the Atlantic Lottery Corporation (New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island), Loto-Québec, the Ontario Lottery and Gaming Corporation (OLG), the Western Canada Lottery Corporation (Manitoba, Alberta, Saskatchewan, Yukon, Northwest Territories, and Nunavut), and the British Columbia Lottery Corporation. These lottery corporations are responsible for games in their respective jurisdictions, and oversee the planning, risk management, and business oversight of national initiatives through the ILC Board, its Executive Committee, and other specific committees and working groups.
About Pollard Banknote
Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, Schafer Systems retail merchandising solutions, and a full suite of digital offerings, ranging from game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. 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 provides pull-tab tickets, bingo paper, and its Diamond Game and Oasis-branded electronic ticket machines to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 67.6% by the Pollard family and 32.4% 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, E-mail: [email protected]; John Pollard, Co-Chief Executive Officer, E-mail: [email protected], Rob Rose, Chief Financial Officer, E-mail: r[email protected]; Pollard Banknote Limited, Telephone: (204) 474-2323