Cake Box Holdi. Regulatory News (CBOX)

16 Jun 2006 07:01

Cashbox PLC16 June 2006 Press Release 16 June 2006 Cashbox plc ("Cashbox" or "the Company") Contract with Wadworth Cashbox plc (AIM:CBOX), the independent ATM deployer and operator, announcesthat it has signed a contract to be the exclusive supplier of ATMs for the pubestate of Wadworth and Company Ltd ("Wadworth"). Following a successful six month trial in Oxfordshire, Cashbox will now begininstalling ATMs under the Company's Placement Model throughout Wadworth'smanaged estate of 40 premises. The first machine will be installed in the nextfortnight and the full roll-out is expected to be completed in two months.Cashbox will also be available for Wadworth's 218 tenanted locations and will benegotiating with each location on a one-by-one basis. Under the Placement Model, Cashbox retains ownership of the ATM, providing itfor the Merchant's use. Cashbox retains a proportion of the gross ConvenienceFee while the site owner takes responsibility for cash provision, cashreplenishment (from their takings) and telecommunications. Commenting on the agreement, Jo Skuse, Machine Controller of Wadworth, said: "Following a favourable trial of the Cashbox ATM programme Wadworth are pleasedto confirm that we have now signed an ongoing contract for Cashbox to supplyATMs to our pub estate. We have been impressed with the service we have receivedto date from Cashbox and are looking forward to a long and mutually beneficialbusiness relationship." Carl Thomas, Chief Executive of Cashbox plc, said: "We are delighted to haveformed this relationship with Wadworth and look forward to working with thecompany going forward. We believe our free placement of ATMs not only deliversincreased footfall to the pubs themselves but they increase customer retentionand cash spend at the bar. There continues to be a significant and growingdemand for convenient cash and Cashbox has a strong pipeline of future ATMinstallations." - Ends - For further information:Cashbox plcCarl Thomas, Chief Executive Tel: +44 (0) 870 126 2274cthomas@cashboxatm.co.uk www.cashboxatm.co.uk WadworthJo Skuse, Machine Controller Tel: +44 (0) 1380 732 268joskuse@wadworth.co.uk www.wadworth.co.uk Seymour Pierce LimitedJeremy Porter, Corporate Finance Tel: +44 (0) 20 7107 8000 Media enquiries:AbchurchHenry Harrison-Topham / Gareth Mead Tel: +44 (0) 20 7398 7700henry.ht@abchurch-group.com www.abchurch-group.com Notes to editors Cashbox plc Cashbox is a leading independent ATM deployer (IAD) with an estate of over 1,000ATMs in locations around the UK. The Company began trading in September 2003and was established by brothers Carl and Matt Thomas. Cashbox installs andoperates an estate of ATMs, typically on five to seven year contracts, at sitesthroughout the UK where there is a demand for cash withdrawal services and wherecustomers are willing to pay a convenience fee. 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. Cashbox's sales strategy is based on selecting amongst three models to maximisethe profit potential of each ATM site - the Sale Model, the Placement Model andthe Fully Managed Model. The Company intends that the majority of newinstallations will use the Placement Model, whereby the ATM is purchased byCashbox under lease hire, placed with the merchant and replenished by themerchant, eliminating the need for third party cash handling costs. The Company listed on AIM in March 2006. Wadworth and Company Ltd Founded in 1875, Wadworth and Company Limited, of Devizes in Wiltshire, is atraditional brewer of beers. The Northgate Brewery was designed and built byHenry Wadworth in 1885, and is still run as a family business by hisdescendants. Wadworth now has an estate of over 200 tenanted pubs within the Wiltshire,Hampshire, Somerset borders which vary from compact community pubs, town centrehouses and classic country inns. Wadworth also has currently 40 managed houseswithin the same area. This information is provided by RNS The company news service from the London Stock Exchange