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"The Arizona Lottery is pleased to continue our excellent relationship with Pollard Banknote," said Jeff Hatch-Miller, Executive Director, Arizona Lottery. "The company prints some of our most successful games and has proven to be a very reliable and valuable partner. Our success is based on partnerships with vendors like Pollard Banknote who support our strategic initiatives. We look forward to working together for another five years."
Pollard Banknote's relationship with the Arizona Lottery began in 1998 with the re-launch of its $2 Bingo game and the collaborative development of the Lottery's hugely successful $2 Crossword game, which was introduced in 1999. Since then, Pollard Banknote has worked closely with the Lottery to build successful multiple price point strategies for each of these popular core game formats. The Crossword and Bingo categories-which employ Pollard Banknote's patented translucent marking system-currently comprise approximately 38% of the Arizona Lottery's weekly instant sales.
The Lottery has also seen success with a variety of other product offerings from Pollard Banknote, including the company's patented Scratch FX(TM) games.
"We are extremely proud of the partnership we have established with the Arizona Lottery," said Gordon Pollard, Co-Chief Executive Officer, Pollard Banknote. "We're delighted that our products and services form an integral part of the Lottery's product mix and welcome this opportunity to continue helping the Arizona Lottery achieve even greater sales in the coming years."
The Arizona Lottery achieved a record-breaking $472 million in sales in fiscal year 2008 - the highest in the Lottery's 27-year history. As a result, beneficiaries received more than $144.5 million. These dollars fund a wide variety of public projects and programs, including transportation, health care, parks, education, arts, wildlife, and historic preservation in cities and towns across the state.
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 America.
About Pollard Banknote Income Fund
Pollard Banknote Income Fund (TSX: PBL.UN | Quote | Chart | News | PowerRating) 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.
SOURCE: Pollard Banknote Income Fund
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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