Pacific Lottery Corporation

Pacific Lottery Corporation

March 16, 2010 21:01 ET

Pacific Lottery Corporation Update

CALGARY, ALBERTA--(Marketwire - March 16, 2010) - Pacific Lottery Corporation (the "Corporation") (TSX VENTURE:LUK) (FRANKFURT:PCF) provides the following corporate update. The Corporation is pleased to advise that 4th quarter revenue results indicate a fifth consecutive quarter of continued strong growth. Preliminary results show the lottery turnover grew to (USD adjusted) $ 868, 855 an additional 15% increase over the previous 3rd Quarter's impressive 26% growth results. The complete 2009 results reveal a growth of over 125% in lottery turnover from the prior year ending December 31st. Furthermore, this increasing revenue profile has continued forward into fiscal 2010 with increased average daily sales of over 7% for the first 2 months of the year when compared to 4th quarter 2009 lottery turnover. Also, the Corporation further advises that it has successfully continued its program to lower its cost profile in these difficult economic times and reports that it has made significant progress in narrowing its monthly operating losses while simultaneously expanding its revenues throughout 2009. The Corporation expects this ongoing application of sound fiscal principles in conjunction with continued revenue growth to generate net positive cash flows in 2010.

In other developments, the Corporation advises that the implementation process for the launching of the new mobile phone lottery services in Vietnam has unfortunately been slower than anticipated due to unavoidable circumstances. The Corporation continues to work diligently towards common resolutions of these issues and remains confident it will be able to announce the launch of this groundbreaking service very shortly. The Corporation remains excited about the enormous potential of mobile phone distribution services, recently granted approval by the authorities, and looks forward to the many benefits that will accrue to all the stake holders once fully implemented.

About Pacific Lottery Corporation:

Pacific Lottery Corporation is engaged in the provision of comprehensive computerize on-line and mobile phone lottery technology and related professional services for delivery to a growing audience of international customers. Today, the Corporation exclusively leads the technical support activities for the only authorised State run on-line lottery program in Vietnam.

SEC 12g exemption 82-4832

This release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could cause actual results, performance or achievements of the Company, or industry results to differ materially from those reflected in the forward-looking statements. Forward-looking statements are based on the current expectations, projections and opinions of the Company's management, and the Company undertakes no obligation to publicly release the results of any revisions to such forward-looking statements which may be made, for example to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Neither the Deutche Borse and or the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

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