Cake Box Holdi. Regulatory News (CBOX)

22 Jan 2008 10:15

Cashbox PLC22 January 2008 Cashbox plc ("Company") AGM statement At the AGM being held today, the Company will give the following update ontrading: Installation of machines during the six months ended 31 December 2007, afterstarting slowly, increased during the period and on 31 December 2007 theinstalled base of transacting machines was 1,820 compared to 1,442 at 30 June2007, representing an increase of 26% to the installed base. Transaction revenues for the six month period ended December 2007 were upslightly on each of the six month periods ended 30 June 2007 and 31 December2006. Despite a greater number of installed machines, transaction volumes permachine were lower following reduced activity levels in some of the outletswhere the Company's machines are located. Gross margins improved significantlyas a consequence of the increased proportion of placement machines which areowned by the Company and where a greater proportion of the transaction fee isretained. The Group expects to report on the Interim Results for the 6 months ended 31December 2007 during March 2008 and which will be the Company's first results tobe reported under International Financial Reporting Standards. For further information:Cashbox PLC 01256 441000David Auger, CFOThreadneedle Communications 020 7936 9606Josh Royston/Graham HerringSeymour Pierce 020 7107 8000Jonathan WrightFairfax I.S. PLC 020 7598 5368Ewan LeggatNotes to the Editor: Cashbox PLCCashbox is a leading independent ATM deployer (IAD) whose estate spans thelength 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 withdrawalservices and where customers are willing 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. TheATM is 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 marketing backing as well as technical supportand service via its in-house 24/7 helpdesk that is supported by a team ofCashbox trained and certified personnel. 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