Mar. 7, 2011 (Canada NewsWire Group) --
WINNIPEG, March 7 /CNW/ - Pollard Banknote Limited is pleased to announce that it has signed a one-year contract as the primary supplier of instant tickets to Totalizator Sportowy of Poland. This agreement also includes an option to extend the contract for an additional 12 months and carries an estimated total value of $3.5 million (US) over the two-year term.
Pollard Banknote and Totalizator Sportowy first collaborated in 2007, with Pollard becoming their primary supplier of instant tickets in 2009. Throughout this partnership Pollard Banknote provided a growing number of top selling games, including the Jaś Fasola (Mr. BeanTM) licensed property, which became the best selling ticket in Totalizator's history. Since sourcing its printing from Pollard Banknote the Lottery's annual sales have grown by more than 70% to over 233 million złoty or US$81.9 million.
"We are delighted to continue this mutually beneficial partnership," said Gordon Pollard, Co-Chief Executive Officer. "We will continue to work closely with Totalizator Sportowy to build on our past successes, identifying new opportunities for growth in instant tickets by leveraging our licensed properties and proprietary products."
"Working with Pollard Banknote as our primary supplier of instant tickets provides the very best opportunity for growth to our lottery," said Grzegorz Chachaj, Deputy Director, Sales and Marketing, for Totalizator Sportowy. "As a result of our close partnership since 2007, Pollard is able to provide valuable insight into the Polish market."
Totalizator Sportowy Spólka z.o.o. was established in 1955 as Poland's national lottery. Headquartered in Warsaw, it is a limited liability company that is wholly owned by the Treasury of Poland, and by law holds a lottery monopoly in the Republic.
About Pollard Banknote Limited
Pollard Banknote Limited 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, Pollard Banknote manufactures pull tab tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, Pollard Banknote 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.
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.
|John Pollard (firstname.lastname@example.org)||Gordon Pollard (email@example.com)|
|Co-Chief Executive Officer||Co-Chief Executive Officer|
|Telephone: (204) 474-2323||Telephone: (204) 474-2323|
|Facsimile: (204) 453-1375||Facsimile: (204) 453-1375|