Pollard Banknote Signs Instant Ticket Contract with The Minnesota State Lottery

    YPSILANTI, MI, Nov. 1 /CNW/ - Pollard Banknote is pleased to announce the
signing of a contract with the Minnesota State Lottery ("Minnesota Lottery")
to supply instant games and related services. The contract - which extends to
2010 provided the one-year renewal option is exercised - carries an estimated
value of $2 million (US).
    Contract specifics allow the Lottery to follow through on its plan to
incorporate Pollard Banknote's suite of value-added proprietary products into
its lineup. Initially, the two organizations will design games employing
Pollard Banknote's patented translucent marking system to enhance the
Lottery's core products. Over the longer term, Pollard Banknote expects to
contribute additional innovative games and marketing support to the Lottery's
product mix.
    The contract imposes no cap on the number of value-added products Pollard
Banknote is permitted to provide.
    "This agreement gives us the chance to showcase one of our company's real
strengths: presenting unique products that are proven to resonate with players
and retailers alike," said Gordon Pollard, Co-Chief Executive Officer, Pollard
Banknote. "We're keen to start selling our games within Minnesota, and we're
confident our involvement will mean an increase in Lottery dollars for
State-supported initiatives."
    Since its founding in 1990, the Minnesota Lottery has allocated over
$1.5 billion to State programs. In fiscal 2007 alone, the Lottery transferred
over $112 million (its second-highest contribution ever) to subsidize projects
supported by various State-sanctioned funds, including the General Fund, the
Environment & Natural Resources Trust Fund, the Game and Fish Fund, and the
Natural Resources Fund.

    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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