Cashbox PLC
11 December 2006
Cashbox PLC
('Cashbox' or 'the Company')
Cashbox PLC appointed as sole ATM provider to Novus Leisure
Cashbox PLC (AIM: CBOX), the independent ATM deployer and operator, announces
that it has been awarded sole supplier status of ATMs for venues owned by Novus
Leisure Ltd., which include its Tiger Tiger locations. There are currently 35
viable venues and the initial terms of the contract will see Cashbox installing
40 machines across the estate.
Each ATM will be deployed using the Company's free Placement Model, whereby the
individual retailer replenishes the machine, eliminating the need for third
party cash-handling costs.
Through its partnership agreements Cashbox now has over 27,000 sites where it
can assess the viability of installing an ATM machine, many of these on an
exclusive basis. The Company, which continues to focus on the UK market, carries
out a detailed survey on each site before committing to installation to ensure
that it meets the relevant criteria to achieve profitability.
Phil Pothercary, Head of Purchasing at Novus Leisure, said: 'We have been
extremely impressed with the Cashbox offering, from the lack of risk involved
through to the excellent 24/7 after sales that they provide, and we look forward
to working closely with them.'
Carl Thomas, Chief Executive of Cashbox plc, said: 'This contract with Novus
Leisure adds another high profile operator to our already impressive client
list, and is further vindication that our focus on support service and
minimising the risk for our clients makes us the ATM provider of choice in
today's market.'
---ENDS---
Cashbox PLC 0870 126 2274
Carl Thomas, CEO
Threadneedle Communications 020 7936 9606
Josh Royston/Graham Herring
Notes to editors
Cashbox is a leading independent ATM deployer (IAD) with an estate of more than
1,200 ATMs in locations around the UK. Cashbox installs and operates an estate
of ATMs, typically on five to seven year contracts, at sites throughout the UK
where there is a demand for cash withdrawal services and where customers are
willing to pay a convenience fee.
The Company differentiates itself from other UK ATM suppliers by offering the
Placement Model, whereby the ATM is purchased by Cashbox under lease hire. The
ATM is FREE to the merchant. The machines are replenished by the merchant,
eliminating the need for third party cash handling costs. The Company also
focuses heavily on post placement technical support and service via its in-house
24/7 helpdesk that is supported by a team of Cashbox trained and certified
personnel.
Cashbox was granted membership of LINK in March 2004, allowing Cashbox to
incorporate its ATMs in the LINK network. Cashbox also has a Bank of England
settlement account and became the first IAD in the UK to become completely
compliant with the Triple DES security standard in June 2004.
The Company is listed on the AIM market of the London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
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