Pacific Lottery Corporation

Pacific Lottery Corporation

January 28, 2008 15:30 ET

Pacific Lottery Grants Stock Options

CALGARY, ALBERTA--(Marketwire - Jan. 28, 2008) - Pacific Lottery Corporation (TSX VENTURE:LUK) (the "Corporation") announced today that the Board of Directors has resolved to grant new options to purchase 2,810,000 common shares at an exercise price of $ 0.40 per common share to consultants, employees, officers and Directors. Along with the statutory four (4) month hold period from date of issue, these options have a five (5) year term from today's date of grant but their exercising is conditional upon the successful sale of lottery tickets in Vietnam by the Corporations new proprietary Lottery technology.

In addition, the Board of Directors has retired 1,350,000 options at an exercise price of $ 0.32 per common share for Directors, officers and consultants and reissued to these same individuals 1,350,000 options at the new increased exercise price of $ 0.40 per common share but with the same vesting provisions as before. The issuances of all these options are subject to standard regulatory approval.

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.

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