Pollard Banknote Limited Partnership ("Pollard Banknote") is pleased to announce that the company has entered into a new contract with Manitoba Lotteries Corporation (MLC) for the supply and delivery of bingo paper.
The contract, valued in excess of one million dollars (CDN) annually, is to start in April 2006. The contract has an initial term of 36 months and includes an option for MLC to extend the contract for two additional one-year periods.
"MLC is a new customer for Pollard Banknote's bingo paper, and we are thrilled the Lottery has chosen to work with us," said Jennifer Westbury, Vice President, Sales & Marketing, Pollard Banknote. "While we sell bingo paper to many private charitable gaming distributors in North America, this contract brings us our first lottery customer for bingo paper."
The bingo paper will be played at the Casinos of Winnipeg (Club Regent and McPhillips Street Station) and also at licensed bingo events across Manitoba. Pollard Banknote will supply approximately 900 million individual bingo cards each year.
About Pollard Banknote
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 America.
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 Statement
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: Gordon Pollard (gpollard@pbl.ca) or John Pollard (jpollard@pbl.ca), Co-Chief Executive Officers, Phone: (204) 474-2323, www.pollardbanknote.com
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