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LUK Pacific Lottery Corp Com

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Share Name Share Symbol Market Type
Pacific Lottery Corp Com TSXV:LUK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Pacific Lottery Corporation Begins Delivery and Installation of Its Proprietary Lottery Terminals in Vietnam

22/05/2008 7:01am

Marketwired Canada


Pacific Lottery Corporation (the "Corporation") (TSX VENTURE:LUK) 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.


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.


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