ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

LUK Pacific Lottery Corp Com

0.00
0.00 (0.00%)
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 Update

17/03/2010 1:01am

Marketwired Canada


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


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.


1 Year Pacific Lottery Corp Com Chart

1 Year Pacific Lottery Corp Com Chart

1 Month Pacific Lottery Corp Com Chart

1 Month Pacific Lottery Corp Com Chart