DGAP-News: Pacific Lottery Corp.: Update
(firmenpresse) - Pacific Lottery Corp. / Miscellaneous
17.03.2010 18:41
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Pacific Lottery Corporation Update
(Calgary, Alberta): Pacific Lottery Corporation (the 'Corporation')
provides the following corporate update. The Corporation is pleased to
advise that 4th quarter revenue results indicate a fifth consecutive
quarter of continued strong growth. Preliminary results show the lottery
turnover grew to (USD adjusted) $ 868, 855 an additional 15% increase over
the previous 3rd Quarter's impressive 26% growth results. The complete 2009
results reveal a growth of over 125% in lottery turnover from the prior
year ending December 31st. Furthermore, this increasing revenue profile has
continued forward into fiscal 2010 with ijavascript:checkData();ncreased
average daily sales of over 7% for the first 2 months of the year when
compared to 4th quarter 2009 lottery turnover. Also, the Corporation
further advises that it has successfully continued its program to lower its
cost profile in these difficult economic times and reports that it has made
significant progress in narrowing its monthly operating losses while
simultaneously expanding its revenues throughout 2009. The Corporation
expects this ongoing application of sound fiscal principles in conjunction
with continued revenue growth to generate net positive cash flows in 2010.
In other developments, the Corporation advises that the implementation
process for the launching of the new mobile phone lottery services in
Vietnam has unfortunately been slower than anticipated due to unavoidable
circumstances. The Corporation continues to work diligently towards common
resolutions of these issues and remains confident it will be able to
announce the launch of this groundbreaking service very shortly. The
Corporation remains excited about the enormous potential of mobile phone
distribution services, recently granted approval by the authorities, and
looks forward to the many benefits that will accrue to all the stake
holders once fully implemented.
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.
For further information, please visit our website at: www.pacificlottery.ca
Or contact: Jill L.E. Johnson Phone: (403) 266-8900 480, 2710 17th Avenue
S.E.
Fax: (403) 266-8909 Calgary, Alberta T2A 0P6
E-mail: info(at)pacificlottery.ca
SEC 12g exemption 82-4832
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'
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 inthe
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.
17.03.2010 18:41 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Pacific Lottery Corp.
201-3740F-11A Street NE
T2E6M6 Calgary, AB
Kanada
Phone: +1 (403) 266 - 89 00
Fax: +1 (403) 266 - 89 09
E-mail: info(at)pacificlottery.ca
Internet: www.pacificlottery.ca
ISIN: CA6945261049
WKN: 120755
Listed: Freiverkehr in Berlin; Entry Standard in Frankfurt
End of News DGAP News-Service
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Datum: 17.03.2010 - 13:41 Uhr
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