Pacific Lottery Corporation
TSX VENTURE : LUK

Pacific Lottery Corporation

December 13, 2007 19:14 ET

Pacific Lottery Corporate Update

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2007) - Pacific Lottery Corporation (the "Corporation") (TSX VENTURE:LUK) is pleased to provide the following corporate update. This past year saw the signing of the new 10 year exclusive technology supply and services contract with the authorised Vietnamese lottery agency (the "Lottery Contract"). The Lottery Contract (signed in mid September) was the culminating event of many years of discussions and negotiations. The Lottery Contract lays a strong foundation for the Corporation's future growth.

On an operational level, the achievement of this key milestone has allowed the Corporation to:

1. Broaden the advances it has made in the past in the further development of its lottery technology, as well as establish the necessary technical infrastructure required to meet its customer expectations in the unique lottery service industry.

2. Formally engage a local Vietnamese construction company in order to satisfy one of the Corporation's obligations under the new Lottery Contract. Further, the construction of the new Computer Operations centre in Vietnam has already commenced after an extensive competitive selection process over the past few weeks. The extensive upgrading and retrofitting of the Computer Operations Centre in Vietnam will ensure that the latest "state of the art" technology will be properly housed during the operation of the New Lottery program. The construction is anticipated to take no more than 45 days to complete and is expected to be available to receive the new Central System equipment by the end of January 2008. The Corporations technical staff will then initiate the set up, fully operational installation and connection process of the new Central System technology, which the Corporation expects to be completed within 90 days thereafter.

3. Recently take possession of additional sophisticated and customised IBM Central Server equipment that is needed to provide the Central system computer operation functions. At present this latest system is undergoing specialised and extensive testing by the Corporation's technical personnel in advance of delivery to the new Vietnamese operations centre expected upon completion of construction. Delivery of the Corporation's proprietary Lottery Terminals is also expected to occur shortly thereafter for immediate installation in approved retailer locations.

4. Recently complete its new Research and Development Centre in Canada. The Corporation has fitted the centre with all the latest testing and development technology needed in order to provide the necessary technical support services required under the Lottery Contract. This new centre will significantly enhance the smooth and effective implementation, installation and ongoing operation of the new proprietary Online Lottery software and hardware technology in Vietnam. This new Research and Development Centre allows the Corporation to properly test all aspects of its technology and continue to develop and augment its lottery services and products for an anticipated growing list of customers.

5. Ramp up its technical staffing levels both in Canada and Vietnam. In addition to its existing technical staff, three additional technical staff have been or are in the process of being deployed in Vietnam to work on the various aspects of Online Lottery technology and operational implementation and installation activities of the Corporation's proprietary technology. On the technology side they encompass additional software programming and hardware specialty support services. On the operational side the staff are currently involved in the preparation of the necessary training and marketing programs that will be used by both retailers and Vietnamese Lottery officials immediately prior to, and post launch of the new Vietnamese lottery program.

Overall the Corporation is pleased with the progress achieved to date and is looking forward with anticipation to its bright horizon as it continues to achieve its goals and make significant progress towards new operational accomplishments in the years ahead.

About Pacific Lottery Corporation:

Pacific Lottery Corporation is engaged in the provision of online 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 On-Line lottery system in Vietnam.

For further information, please visit our Website: www.pacificlottery.ca.

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.

SEC 12g exemption 82-4832

The TSX- Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.

Contact Information

  • Pacific Lottery Corporation
    David Jones
    (403) 266-8900
    or
    Pacific Lottery Corporation
    480, 2710 17th Avenue S.E.
    Calgary, Alberta T2A 0P6
    (403) 266-8900
    (403) 266-8909 (FAX)
    Email: info@pacificlottery.ca
    Website: www.pacificlottery.ca