Pacific Lottery Corporation

Pacific Lottery Corporation

September 12, 2007 16:00 ET

Pacific Lottery Signs New 10 Year Contract with Vietnamese Lottery Agency

CALGARY, ALBERTA--(Marketwire - Sept. 12, 2007) - Pacific Lottery Corporation (TSX VENTURE:LUK) (the "Corporation") is pleased to announce that its wholly owned international subsidiary Emerging Market Solutions International Inc. has today entered into a new 10 year exclusive and comprehensive technology supply and services Contract ("the Contract") with the Vietnamese Government designated On-Line Lottery Agency, the Ha Noi Capital Construction Lottery Company Ltd. ("HCCLC").

This new exclusive Contract affirms again Pacific Lottery Corporation's status as the sole and only supplier of On-line Lottery and gaming related technology, equipment and services to the Government of Vietnam's state owned and controlled Lottery operator. The execution of the Contract is in furtherance of the receipt of all necessary final approvals from all appropriate Vietnamese regulatory authorities including the Ministry of Finance.

In consideration for providing its proprietary technology and associated services to HCCLC, the Corporation will receive 8 % of the Gross sales revenues processed by the system during the entire 10 year term of the Contract. Significantly, under the terms of the Contract, the Corporation will also be responsible for managing and directing all Marketing related activities of the On-Line lottery program throughout the duration of the contract term.

The execution of this Contract is in accordance with the Corporation's previous announcements that it would enhance its technology and expand its services for the proper conduct and operation of a modern National On-Line Lottery Program (the "PLC National On-Line Lottery System") in Vietnam, a country that is generally acknowledged as having one of the world fastest growing economies. Previous reports have indicated that total sales of manual paper based lottery games in Vietnam were in excess of $1.05 billion US for fiscal 2005.

The Corporation is gratified that it was able to achieve this exclusive agreement with HCCLC; an agreement which is comprehensive and provides all the necessary operational details required for the proper installation and operation of the Corporation's new proprietary PLC National On-Line Lottery System. This system consists of newly designed Point of Sales Lottery Terminals and a comprehensive Central System comprised of new hardware and accompanying software. As well the Corporation is responsible for full implementation activities related to the introduction of its new proprietary technology such as operations room build out, retailer set up, terminal installation and network connectivity.

Additionally, the Corporation will be supplying to the Vietnamese authority newly customised game designs including an automated version of a very popular manual 2 and 3 digit daily game as well as other industry standard daily and weekly lottery Games.

This Contract marks another major step forward in the Corporations development and provides it with a strong foundation on which to continue building upon, utilising the Vietnamese Lottery Agency's extensive base of knowledge, expertise and experience.

"This is a historic development for our State owned Lottery Company. We are very pleased to continue working exclusively with Pacific Lottery Corporation, which has a fine record of achievement in successfully implementing and then transferring modern On-line Lottery technology in Vietnam. We look forward to continuing our close working relationship and using their new National On-line Lottery technology to maximize our revenues for the benefit of all our citizens." said Mr. Nguyen Van Ta Van President and General Director of HCCLC.

The Corporation will immediately begin the build out process for the new computer operations centre and will also be initiating all other technical activities required in order to satisfy its obligations under the terms of the Contract.

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.

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