MPAY.L Regulatory News (MPAY)

13 Jun 2007 07:00

Autoclenz Holdings PLC13 June 2007 Issued by Citigate Dewe Rogerson Ltd, BirminghamDate: Wednesday, 13 June 2007Embargoed: 7.00am Autoclenz Holdings Plc Contract Renewal Autoclenz is pleased to announce that its Ready to Rent Division hassuccessfully concluded negotiations and renewed its relationship with a majorrental company. The Contract which has been held since 2004 is, following renewal worth around£1.5 million per annum of revenue, £375,000 of which is additional business toAutoclenz's Ready to Rent Division. These negotiations renewed the existing airport sites that Autoclenz services(namely, Manchester, Heathrow, Bristol, Stansted, Exeter and Newcastle), and hasextended the remit to cover three new locations at Gatwick, Birmingham andSouthampton airports. The AC Ready to Rent preparation service which can be provided on a nationwidebasis, has been developed specifically to meet the requirements and challengesof the auto-rental market. Grahame Rummery, CEO of Autoclenz commented: "This Division has been built by personnel who have vast knowledge andexperience of this fast-moving specialist sector. "Ready to Rent is a stand-alone division that was created to meet the demands ofblue-chip names in the daily rental industry and we expect to see furtherpenetration of this sector." Deryck Worrall, Director responsible for the Company's Ready to Rent businesssaid on the win: "We are delighted to have renewed this partnership. "We will continue to ensure that the skills of our people continue to be used tomaximise the opportunities in this specialist market". Enquiries:Grahame Rummery, Chief Executive Fiona Tooley, DirectorTrevor Clingo, Group Finance Director Keith Gabriel Julian BluntAutoclenz Holdings Plc Citigate Dewe Rogerson KBC Peel HuntTel: 08707 510 410 Tel: 0121 455 8370 Tel: 020 7418 8900www.autoclenz.co.uk Mobile: 07785 703523 (FMT) Autoclenz are today exhibiting at the Growth Company Investor Show at the Barbican Exhibition Halls, London - Stand No. 140 between 10.00am - 5.00pm. Notes to Editors:Founded in the 1960s, Autoclenz is widely recognised as the leading name in carvaleting and vehicle preparation in the UK. Autoclenz provides the complete package for the total valeting operation thatincludes labour, chemicals, equipment, materials, management and quality controlsystems that are required to achieve quality vehicle preparation. A commitmentto a high quality, cost effective service has made Autoclenz a key partner tomany of the best known names in the fleet, daily rental, auction and dealernetwork across the country. This information is provided by RNS The company news service from the London Stock Exchange