ARIZONA LOTTERY AWARDS NEW CONTRACTS FOR INSTANT TAB TICKET PRINTING,
WAREHOUSING, AND DISTRIBUTION SERVICES TO POLLARD BANKNOTE
COUNCIL BLUFFS, IA, Nov. 16 /CNW/ - Pollard Banknote is pleased to announce that it has signed a new five-year agreement with the Arizona Lottery for the printing and production of pull tab (instant tab) tickets. As well, following a recent competitive procurement, the company has been awarded a two-year contract for instant tab ticket warehouse and distribution services, with three one-year extensions possible at the Lottery's option.
An entirely new product line for the Arizona Lottery, instant tab tickets will be produced at Pollard Banknote's American Games facility in Council Bluffs, Iowa, and will be distributed from the company's recently established warehouse in Tempe, Arizona. Pollard Banknote and the Arizona Lottery expect to have hundreds of charitable lottery retailers selling this new product by the new year.
"We are pleased with the Arizona Lottery's decision to entrust Pollard Banknote with the production, warehousing, and distribution of its new line of charitable instant tab games," said Steven Fingold, Vice President, Sales, American Games. "Instant tab products will surely be a great addition to their portfolio of lottery products. We look forward to expanding our relationship with the Lottery by maximizing opportunities within this complementary market."
Pollard Banknote commenced its long-standing partnership with the Arizona Lottery in 1998, supplying instant ticket printing and production services. Pollard Banknote has since collaborated with the Lottery to keep its Crossword and Bingo categories fresh and relevant to Arizona players. These two games—which employ Pollard Banknote's patented translucent marketing system—comprised 37% of the Arizona Lottery's weekly instant sales in fiscal year 2010. The Lottery has also enjoyed success with a variety of other product offerings from Pollard Banknote, including the company's exclusive Scratch FX® games.
The Arizona Lottery achieved record-breaking sales of $551 million in fiscal year 2010. As a result, beneficiaries received more than $141 million. These dollars fund a variety of public projects and programs in cities and towns across the state involving transportation, health care, economic development, education, and wildlife preservation.
About Pollard Banknote Limited
Pollard Banknote Limited ("PBL") is one of the world's leading full-service lottery vendors and is a major supplier to North America's charitable gaming industry. The company manufactures instant tickets and provides related programming, design, and marketing support. As well, PBL manufactures pull tab tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, PBL is owned approximately 73.5% by the Pollard family and 26.5% by public shareholders 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 America.
Forward-looking Statements
Certain statements in this press release may constitute "forward-looking" statements and information which involve known and unknown risks, uncertainties, and other factors which 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.
%SEDAR: 00022394E
For further information:
Gordon Pollard ([email protected]) or John Pollard ([email protected])
Co-Chief Executive Officers
Phone: (204) 474-2323
www.pollardbanknote.com
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