Cake Box Holdi. Regulatory News (CBOX)

5 Feb 2007 07:22

Cashbox PLC05 February 2007 Cashbox PLC ("Cashbox" or "the Company") Cashbox PLC is appointed sole supplier of ATMs to Motor Fuels Group Cashbox PLC (AIM:CBOX), the independent ATM deployer and operator, is set toenjoy further growth in its ATM estate as it announces being appointed solesupplier of ATMs to Motor Fuel Group, the Middlesex based independent operatorof Petrol Service Stations. This announcement comes following a competitiveselection process from various ATM suppliers. The contract will initially see Cashbox deploying ATMs in 15 sites with thepotential for a further 25 sites to follow. 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: "With our industry leading levels of service and zero financial risk for ourcustomers, Cashbox has quickly become the leading independent ATM provider ofchoice. Recent contract wins show that our product and service offering is notonly customer focused but opens up opportunities to sites within sectors whichpreviously may not have been able to sustain and benefit from having an ATM onsite." S G Sejpal, Managing Director of Motor Fuels Group. commented: "The outstanding service levels and 24/7 help desk service and superior productoffered by Cashbox means that our customers will now be able to enjoy the addedconvenience of access to cash when they visit our sites.." - 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 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