Pacific Lottery Corporation

Pacific Lottery Corporation

November 12, 2008 17:49 ET

Pacific Lottery Corporation Completes and Files German Listing Prospectus

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2008) - Pacific Lottery Corporation (TSX VENTURE:LUK) (FRANKFURT:PCF) (the "Corporation") is pleased to announce that it has completed and filed its listing Prospectus with the German Federal Financial Supervisory Authority (BaFin). The filing of the Prospectus is in furtherance of the Corporations objectives to elevate its present contingent quotation of securities to a listing of its securities at the Entry standard on the Frankfurt Stock Exchange.

The Corporation expects the full listing of its securities on the Frankfurt market will assist in providing additional liquidity and accessibility for shareholders. As well, the Corporation further believes, that in conjunction with its ongoing successful operational activities in Vietnam that this is an important step forward in its goal of unlocking shareholder value. The Prospectus provides for the possible placement of principal securities by an International Investment Bank.

In other developments, the Corporation was a trade show participant in the 2008 WLA bi-annual Convention and Trade Show that took place recently in Greece. PLC was pleased to discuss and highlight at its booth, its next generation National On-line Lottery technology that was successfully installed and recently launched in Vietnam. The delegates were able to see a short presentation detailing the launch of the new Vietnamese lottery program exclusively using the Corporation's On-line lottery technology, which is in satisfaction of its exclusive ten (10) year Technology and Services contract with the Government of Vietnam for the operation of Vietnam's only authorised State run on-line lottery program.

About Pacific Lottery Corporation:

Pacific Lottery Corporation is engaged in the provision of comprehensive computerized on-line 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.

The TSX- Venture Exchange and the Deutsche Borse have not reviewed and does not accept responsibility for the adequacy or the accuracy of this news 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