Pacific Lottery Corp.
Pacific Lottery Corp.: Pacific Lottery Corporation begins delivery and installation of its proprietary Lottery Terminals in Vietnam.
Pacific Lottery Corp. / Product Launch/Interim Report Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- May 22nd 2008 Pacific Lottery Corporation begins delivery and installation of its proprietary Lottery Terminals in Vietnam. (Calgary, Canada), Pacific Lottery Corporation (the 'Corporation') is pleased to announce that it has begun the delivery and installation of its proprietary and innovative Lottery Terminals (the 'Lottery Terminals') to authorised Lottery retailers in Vietnam, in accordance with its new ten (10) year exclusive technology supply and services contract. The Corporation expects to deliver these innovative Lottery Terminals to pre-authorised lottery retailers over the course of the next few weeks, until the start up network minimum of 200 lottery retailers required for launching of the new online lottery system is achieved and thereafter on a continuous program schedule until market saturation is reached. The delivery of the Lottery Terminals is in furtherance of the Ha Noi Electronic Corporation ('HANEL') manufacturing subcontract with the Corporation to produce under exclusive license the initial 600 Lottery Terminals; being part of the Corporation’s larger installation plans for a market that is generally acknowledged will require several thousand Lottery Terminal outlets before market saturation is achieved. The new Lottery Terminal installations are being conducted by four technical installation teams under the supervision of the Corporation. Each of these four installation teams consist of technical staff from the Corporation and staff from the following Vietnamese government affiliates or agencies: the Ha Noi Lottery Authority ('CLC'), Vietnam Data Communications Company ('VDC'), a subsidiary of Vietnam Post and Telecommunication Corporation ('VNPT') and HANEL. Once the required installations are completed, the launch of Vietnam’s new online lottery program utilizing the Corporation’s proprietary lottery technology will follow shortly. In other news, the Corporation was pleased to participate recently in the hosting of a Vietnam focussed investment seminar held in Frankfurt, which was attended by several officials of the Vietnamese Ministry of Finance. The keynote address was delivered by the Hon. Vu Van Ninh, the Minister of Finance of the Government of Vietnam. The afternoon seminar was attended by many senior European fund and banking managers who were interested in learning more about the many investment opportunities available in Vietnam. The Corporation was gratified by the significant interest demonstrated by the participants in the ongoing development and progress of the Vietnamese economy. 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 program in Vietnam. For further information, please visit our website at: www.pacificlottery.ca Or contact: Jill L.E. Johnson Phone: (403) 266-8900 Fax: (403) 266-8909 480, 2710 17th Avenue S.E. Calgary, Alberta T2A 0P6 E-mail: info@pacificlottery.ca 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. 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. 22.05.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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