Cake Box Holdi. Regulatory News (CBOX)

22 Dec 2006 07:01

Cashbox PLC22 December 2006 Cashbox PLC ("Cashbox" or "the Company") AGM Statement At the Company's AGM to be held later today, Anthony Sharp, Chairman, will makethe following statement to shareholders: "I am pleased to announce that your company has made good progress since weannounced the year end results. Further agreements have been signed with NovusLeisure and Booker and, through our many partnership agreements, Cashbox now hasover 29,000 sites in the pipeline where we can assess the viability ofinstalling an ATM machine, many of those on an exclusive basis. "Our key performance indicators continue to be extremely impressive with 98.4%of the machines in our estate being open for business and 96.7% trading at abovebreakeven. This is further vindication of Cashbox's placement model, therigorous assessments that take place before any machine is installed and theoutstanding levels of customer service that our team provides 24 hours a day, 7days a week, 365 days a year. "I am also pleased to announce the appointment of Andy Wilmott, our technicaldirector, to the Board of Directors in recognition of the contribution Andy hasmade to the Company. Also, in view of the ongoing growth of the Company anoperating board has been created and is represented by directors from each areaof the business. "The sales team is divided into two parts with our Field Sales Director NeilHawley managing a team of people who are signing individual contracts on a dailybasis. Dom West, the Corporate Sales Director, is managing the corporateand commercial team who are signing businesses, such as the recent Novus Leisureand Booker contracts. "Charles Hallett is leaving the company with immediate effect to pursue otherinterests. I would like to thank him for his contribution to the company andwish him well for the future. "Lillian Agola, our Marketing Director, is focusing on the marketing strategyand the development of the Cashbox brand. Daniel Gibbons, the Service Director,manages the installation and service team across the UK. Katie Hayes, CustomerServices Director, manages our customer services department which includes our24 hour helpdesk. Yvonne Hoggart, as Sales Support Director, controls with herteam all aspects needed to process the orders coming into the business. "I look forward to providing further updates in 2007, which I believe will proveto be a landmark year for your Company." In keeping with the options granted to Robin Saunders at the time of Admissionto AIM, the Company granted warrants of 500,000 ordinary shares on 12 December2006, to both Stephen Brown and John Maples at an exercise price of 20p, beingthe closing price on 11 December 2006. Andrew Duncan Wilmott is 31 years of age and has held no previous directorships. ---ENDS--- Cashbox PLC 0870 126 2274Carl Thomas, CEO Threadneedle Communications 020 7936 9606Josh Royston/Graham Herring Notes to editors Cashbox is a leading independent ATM deployer (IAD) with an estate of more than1,200 ATMs in locations around the UK. Cashbox installs and operates an estateof ATMs, typically on five to seven year contracts, at sites throughout the UKwhere there is a demand for cash withdrawal services and where customers arewilling to pay a convenience fee. The Company differentiates itself from other UK ATM suppliers by offering thePlacement Model, whereby the ATM is purchased by Cashbox under lease hire. TheAis FREE to the merchant. The machines are replenished by the merchant,eliminating the need for third party cash handling costs. The Company alsofocuses heavily on post placement technical support and service via its in-house24/7 helpdesk that is supported by a team of Cashbox trained and certifiedpersonnel. Cashbox was granted membership of LINK in March 2004, allowing Cashbox toincorporate its ATMs in the LINK network. Cashbox also has a Bank of Englandsettlement account and became the first IAD in the UK to become completelycompliant 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