Cake Box Holdi. Regulatory News (CBOX)

13 Dec 2006 07:00

Cashbox PLC13 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, announcesthat following a competitive selection process, it has been chosen as therecommended supplier of ATMs to independent retailers of Booker operated symbolgroup Premier and Booker's Retail Club members . Through its partnership agreements Cashbox now has over 29,000 sites where itcan assess the viability of installing an ATM machine, many of those on anexclusive basis. The Company, which is purely focused on the UK market, carriesout detailed research on each site before committing to installation to ensurethat it meets the relevant criteria to achieve profitability. The ATMs will be placed using Cashbox's Placement Model, whereby aconvenience-fee ATM is placed with a retailer free of charge and replenished bythem, eliminating the need for third party cash-handling costs. Each ATM is thentreated as an individual entity, with Cashbox monitoring performance andensuring that the retailer is fully trained and supported in its use. Carl Thomas, Chief Executive of Cashbox plc, said: "Cashbox's growing experienceof supplying ATMs to nationwide corporate businesses is critical in working withorganisations like Booker. We believe our free placement of ATMs not onlydelivers increased footfall but that they increase customer retention and cashspend in their locations. We are also pleased that we are continuing to signexclusive contracts due to a strengthened sales force as the Company acceleratestowards profitability. - Ends - For further information: 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. 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 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