Cashbox PLC
11 February 2008
Cashbox PLC
('Cashbox' or 'the Company')
Distributor Agreement with Triton
Cashbox (AIM:CBOX), the independent Automated Teller Machine ('ATM') deployer
and operator, is pleased to announce that it has signed a distributor agreement
with Triton, the market leader in off-site ATM provision. The agreement is in
addition to Cashbox's existing distribution arrangements with NCR Easypoint
(formerly Tidel).
Cashbox's internal systems are already set up to be able to support Triton ATMs
and therefore no development costs will be incurred. Cashbox will also have
access to full Triton technical support and technical and sales training.
With the Company continuing to expand its critical mass, this agreement provides
access to a greater overall number of machines to be able to meet its
installation pipeline demands. The Company is now also well placed to
efficiently and effectively support any contract wins to process existing Triton
ATM estates.
Ciaran Morton, Chief Executive of Cashbox, commented:
'As a business wholly committed to being synonymous with providing outstanding
service, it is prudent for us not to be reliant on a sole supplier. As appointed
distributor of two of the world's leading ATM manufacturers, we are now in a
position to meet both volume flexibility, as well as specific ATM functionality
as required by our customers. The long term success of Cashbox will be achieved
through developing meaningful partnerships with our clients that deliver true
mutual value. This agreement with Triton provides our customers with greater
variety and a range of solutions to satisfy different site needs.'
John Miller, Triton Europe Commercial Director commented:
'We are pleased to have Cashbox as a distribution partner in the UK. We will be
working closely with Cashbox to ensure that the end result is the right solution
for the customer, both in product and service, and is of the highest standard.'
For further information:
Cashbox plc
Ciaran Morton , CEO Tel: +44 (0)1256 441000
www.cashboxplc.co.uk
Seymour Pierce Limited
Jonathan Wright Tel: +44 (0) 20 7107 8000
Media enquiries:
Threadneedle Communications
Josh Royston / Graham Herring Tel: +44 (0) 20 7936 9606
About Cashbox
Cashbox is a leading independent ATM deployer (IAD) whose estate spans the
length and breadth of the UK. Cashbox installs and operates its estate of ATMs,
with 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 marketing backing as well as 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.
About Triton
ABOUT TRITON - Triton, with 180,000 installations in over 24 countries, is the
largest provider of off-premise ATMs in North America and the fourth largest ATM
manufacturer worldwide. With a complete line of products for retail locations
and financial institutions, Triton is committed to redefining and leading the
market for cash delivery systems. Triton is headquartered in Long Beach, Miss.
and is a subsidiary of the Dover Corporation. For learn more about Triton, visit
www.triton.com or call 01235 522011.
This information is provided by RNS
The company news service from the London Stock Exchange
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