NEW YORK and MONTREAL, April 19 /PRNewswire-FirstCall/ -- Scientific Games announced the inauguration of a new state-of-the-art in-line printing press "MP1" at its 140,000 square foot Montreal, Quebec facility. The press, designed and custom-built to the Company's specifications, will be capable of producing up to 8 billion (2" x 4" equivalents) instant tickets per year, increasing the facility's previous annual capacity of approximately 3 billion units.
This inauguration was commemorated with a ribbon cutting ceremony attended by the Minister of Finance of Quebec, Mr. Raymond Bachand; President and CEO of Loto-Quebec, Mr. Alain Cousineau; and the Chairman of Scientific Games, Mr. A. Lorne Weil.
"Scientific Games has been driving results for lotteries for almost 40 years through innovation and partnership with customers around the world," said Lorne Weil, Chairman of Scientific Games. "From the introduction of the first secure instant lottery ticket in 1974, to the debut of this new state of the art printing press, Scientific Games has consistently been at the forefront of delivering business solutions to help lotteries responsibly increase sales and net revenue for good causes."
"We were very proud and honored Scientific Games selected us for the initial press run to acknowledge our two organizations' 40-year business partnership," added Alain Cousineau, President and CEO of Loto-Quebec. "Over the years, Loto-Quebec has greatly benefited from the consistent quality of the billions of tickets produced in Montreal by one of the finest printers in the world."
"Scientific Games has been a great partner and a respected corporate citizen of Quebec over the years. The investment in this new press of approximately $20 million CAD is a great example how Scientific Games continues to exhibit tremendous commitment to Quebec's employment, technological and economic growth," said the Minister of Finance of Quebec, Raymond Bachand.
Integral to the new press installation, Scientific Games is also advancing two complementary initiatives as part of the Company's corporate sustainability program. The facility will now use water-based inks only, which will eliminate solvents, chemicals and hazardous waste treatment and removal processes. Also, a new shredder, already installed and operational, will allow for the recycling of paper waste, instead of having to send it to a landfill for disposal.
About Scientific Games
Scientific Games Corporation is the leading integrated supplier of instant tickets, systems and services to lotteries worldwide, a leading supplier of fixed odds betting terminals and systems, Amusement and Skill with Prize betting terminals, interactive sports betting terminals and systems, and wagering systems and services to pari-mutuel operators. It is also a licensed pari-mutuel gaming operator in Connecticut, Maine and the Netherlands and is a leading supplier of prepaid phone cards to telephone companies. Scientific Games' customers are in the United States and more than 60 other countries. For more information about Scientific Games, please visit our web site at http://www.scientificgames.com/.
Company Contact: Investor Relations Scientific Games 212-754-2233 Forward-Looking Statements
In this press release we make "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may"," "will," "estimate," "intend," "continue," "believe," "expect," "anticipate," "could," "potential," "opportunity," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of future results or performance. Actual outcomes may differ materially from those projected in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; material adverse changes in economic and industry conditions in our markets; technological change; retention and renewal of existing contracts and entry into new contracts; availability and adequacy of cash flow to satisfy obligations and indebtedness or future needs; protection of intellectual property; security and integrity of software and systems; laws and government regulation, including those relating to gaming licenses, permits and operations; inability to identify, complete and integrate future acquisitions; seasonality; dependence on suppliers and manufacturers; factors associated with foreign operations; dependence on key personnel; failure to perform on contracts; resolution of pending or future litigation; labor matters; and stock price volatility. Additional information regarding risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date they are made, and except for our ongoing obligations under the U.S. federal securities laws, we undertake no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
Scientific Games
CONTACT: Investor Relations, Scientific Games, +1-212-754-2233
Web Site: http://www.scientificgames.com/
