Installation of 1000th Revolution Laundry Unit

RNS Number : 2933I

Photo-Me International PLC

24 March 2015

 



24 March 2015

Photo-Me International plc

("Photo-Me" or "the Group")

Installation of 1000^th Revolution laundry unit at Tesco Drogheda

Photo-me is pleased to announce that today marks the installation of its 1000^th Revolution laundry unit which has been sited at Tesco Extra, Drogheda.

The Group's laundry business has grown quickly since inception in 2012 and because of the strong performance of the Irish units over the last twelve months, the Group has chosen Ireland to mark this important milestone.

The unit in Donore Road, Drogheda is located outside Tesco Extra and is Photo-Me's 25th Revolution unit to be installed in Ireland and the second in conjunction with Tesco, the other unit being located in Tesco Clarehall Shopping Centre in Dublin.

In addition to the 25 Revolution units, Photo-Me operates 267 photobooths in Ireland.

Serge Crasnianski, Chief Executive of Photo-Me, commented:

"The roll-out of our Revolution units remains firmly on track and we remain very excited about the profit potential for this product in coming years. We could not be more pleased with the performance to date of the units in Ireland, which demonstrate the product's potential and we will be looking to increase steadily the number of Revolution units in coming months. In addition, the units have improved significantly the performance of our overall business in Ireland which remains an important market for the Group."

For further details:

Madano Partnership

Matthew Moth / Julien Cozens                                                           [phone]

Notes to editors:

Photo-Me (www.photo-me.co.uk)  operates, sells and services a wide range of unattended  instant service  equipment, in particular photobooths, digital photo kiosks, photobook makers, amusement machines, business service equipment and laundry machines. Photo-Me is the world's leading operator of photobooths, with more than 26,000 sited worldwide.

 

END

 

 

MSCUSRKRVWAOURR