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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 Operational Update

20/11/2008 11:39pm

Marketwired Canada


Pacific Lottery Corporation (TSX VENTURE:LUK) (FRANKFURT:PCF) (the
"Corporation") is pleased to provide the following operational update. The new
Vietnamese state run online lottery program recently launched, exclusively using
the Corporations next generation national online lottery technology, has
operated efficiently and smoothly for the past 7 weeks without any technical
difficulties. Recent flooding in Vietnam has caused no damage or had any effect
on the daily operations of the new online system. The Corporation has been
advised that the Vietnamese Government is pleased with the online systems
operation and continues to encourage the ongoing expansion of the new online
lottery program exclusively using the Corporation's technology.


As well, the Corporation is continuing its marketing efforts and has intensified
some of its more successful local Vietnamese marketing programs in order to
enhance the ongoing education and adoption of the new online lottery games being
offered to the general public.


The management of the Corporation has no explanation for the recent drop in the
share price of the company. "There are no operational reasons which could
explain the latest volatility in the share price", states David W. Jones, senior
executive of the Corporation. In regard to the current financial crisis it is
possible that investors sell their shares for liquidity reasons. "Operationally
the Corporation is not affected by the current crisis. The lottery business
remains independent of these economic trends."


About Pacific Lottery Corporation:

Pacific Lottery Corporation is engaged in the provision of comprehensive
computerized on-line 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.


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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