Pacific Lottery Corporation

Pacific Lottery Corporation

August 31, 2009 16:13 ET

Pacific Lottery Corporation: 2nd Quarter Results Show Continuing Strong Revenue Growth

CALGARY, ALBERTA--(Marketwire - Aug. 31, 2009) - Pacific Lottery Corporation (TSX VENTURE:LUK) (FRANKFURT:PCF) ("Corporation") announces the release of its June 30st, 2009 Consolidated Financial Statements and Management Discussion and Analysis report (MD&A). Again this quarter, the key highlight of these statements is the continued quarter over quarter growth in revenues from the Corporation's exclusive Vietnamese on-line lottery technology supply and services contract. Gross lottery turnover for the 2nd Quarter 2009 totalled US$600,421, a 30% increase over the previous 1st Quarter 2009 results. The Corporation expects this trend to continue as gross lottery turnover, with its associated net revenues, undergoes further significant elevation in the coming months. This continuing growth pattern is due to ongoing advancements in the previously announced activities such as the Government approved prime time, live, nationally televised lottery draw show, the recent addition of the popular new Pair game coupled with significant expansion of the lottery ticket distribution network.

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.

Contact Information

  • Pacific Lottery Corporation
    Jill L.E. Johnson
    (403) 266-8900
    (403) 266-8909 (FAX)
    Pacific Lottery Corporation
    480, 2710 17th Avenue S.E.
    Calgary, Alberta T2A 0P6