Cashbox PLC
13 December 2006
Cashbox plc
('Cashbox' or 'the Company')
ATM installation agreement for Booker's UK estate
Cashbox plc (AIM:CBOX), the independent ATM deployer and operator, announces
that following a competitive selection process, it has been chosen as the
recommended supplier of ATMs to independent retailers of Booker operated symbol
group Premier and Booker's Retail Club members .
Through its partnership agreements Cashbox now has over 29,000 sites where it
can assess the viability of installing an ATM machine, many of those on an
exclusive basis. The Company, which is purely focused on the UK market, carries
out detailed research on each site before committing to installation to ensure
that it meets the relevant criteria to achieve profitability.
The ATMs will be placed using Cashbox's Placement Model, whereby a
convenience-fee ATM is placed with a retailer free of charge and replenished by
them, eliminating the need for third party cash-handling costs. Each ATM is then
treated as an individual entity, with Cashbox monitoring performance and
ensuring that the retailer is fully trained and supported in its use.
Carl Thomas, Chief Executive of Cashbox plc, said: 'Cashbox's growing experience
of supplying ATMs to nationwide corporate businesses is critical in working with
organisations like Booker. We believe our free placement of ATMs not only
delivers increased footfall but that they increase customer retention and cash
spend in their locations. We are also pleased that we are continuing to sign
exclusive contracts due to a strengthened sales force as the Company accelerates
towards profitability.
- Ends -
For further information:
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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