New contract
Moneybox PLC
04 October 2004
Moneybox secures preferred supplier ATM deal with Compass Group
Moneybox plc, the cash machine and payment services business, today announces
that its wholly owned subsidiary, Moneybox Corporation Limited ('Moneybox'), has
signed a series of agreements with the UK and Ireland division of Compass Group,
the world's largest food services company, to supply and maintain an estate of
ATMs within the UK.
Under the terms of the deal, Moneybox will be the preferred supplier of both
fully managed and merchant replenished cash machines to Compass in the UK for a
five year period. Moneybox will work with Compass to identify viable ATM
locations for deployment throughout the Compass Group operating companies, which
span 9,000 locations across the UK and include a number of well known brands
including Whistlestop, amigo, Harry Ramsden's, Caffe Ritazza and Upper Crust.
An initial estimate by Moneybox is that there would be at least 100 suitable
sites for ATM deployment during 2005.
Additionally, Moneybox has secured a five year preferred supplier deal at Moto,
the country's largest motorway services company. Moneybox's right to install
ATMs at Moto sites will commence on the expiry of Moto's existing ATM supply
agreements. Moneybox anticipates that deployment into these Moto locations will
commence by the end of 2006.
As a result of entering into these agreements, Moneybox estimates that its net
debt position at 31 December 2004 will be increased by £1m.
Peter McNamara, Executive Chairman of Moneybox plc, said:
'We are delighted that Compass has selected Moneybox to be its preferred
supplier of ATMs. The Compass estate represents a large number of very high
quality outlets in our core sectors of retail, transport and leisure, and the
demand for cash in these busy locations makes them ideal for our business
model.'
Paul McArdle, Purchasing Director for Sevita (Compass Group's European
purchasing organisation) said:
'Moneybox is a leading ATM operator and the flexibility of its approach allows
us to provide this important service to our customers in all types of location
across the country. Their existing significant presence in Germany and the
Netherlands were also important factors in Compass' decision to partner with
Moneybox.'
Moneybox plc
Peter McNamara, Executive Chairman 020 7452 5400
Compass Group UK & Ireland
Lesley Potter Communications Director
Compass Group UK & Ireland
Tel: 01895 554375
lesley.potter@compass-group.co.uk
Reputation Inc
Tom Wyatt 020 7758 2800
Notes to Editors:
About Moneybox
The Moneybox Group deploys, manages and maintains cash machines (ATMs) in the
UK, Netherlands and Germany. The Group also operates cashless payment and
access control systems in the UK through its G2 subsidiary, which was acquired
in March 2004, when Moneybox floated on AIM.
Moneybox launched its first convenience ATM in June 1999. At 30 June 2004,
Moneybox operated 2,665 ATMs in the UK, 166 ATMs in the Netherlands and 262 ATMs
in Germany. In the UK, Moneybox's cashless payment and access control systems
are used by over 400 customers at more than 1,700 sites.
Moneybox deploys ATMs at points of convenience, with consumers paying a
convenience fee per cash transaction. This enables the ATM to be located in
places that do not attract enough cardholders to support a traditional cash
machine, promoting consumer choice and wider accessibility to their cash.
Virtually every bankcard and credit card is acceptable through Moneybox ATMs as
a result of Moneybox's membership of the LINK network.
The Moneybox ATM estate comprises owned and operated fully managed ATMs,
merchant replenished ATMs and ATMs that are managed on behalf of financial
institutions.
The G2 Group was established in 1991. In August 2002, G2 acquired a majority
holding in Transacsys plc (a company then listed on London Stock Exchange's
Alternative Investment Market (AIM)). Transacsys (formerly known as Girovend)
introduced its cashless payment systems in 1984 and has supplied access control
systems since 1994.
G2 processes ATM, credit and debit card, direct debit, internet and stored value
card transactions. G2 also develops, sells and maintains cashless payment and
access control systems and in 2003 supplied approximately 300,000 smart cards
and 300,000 magnetic strip cards to the workplace market.
About Compass
Compass Group PLC is the world's largest foodservice organisation with annual
revenues in excess of £11 billion and employing more than 375,000 people in over
90 countries. In the UK and Ireland, Compass Group has annual revenues of £3
billion, employing over 110,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange