Tissue Regenix Group Regulatory News (TRX)

15 Jun 2005 07:00

XN Checkout Holdings PLC15 June 2005 Press Release 15 June 2005 XN Checkout Holdings Plc NUS Services choose XN Checkout XN Checkout Holdings Plc (AIM:XNC), a market leader of Electronic Point of sale("EPoS") solutions to the leisure, retail and hospitality markets has beenchosen by the National Union of Students Services Limited to provide a strategicEPoS based solution to individual Student Unions. The contract is expected tobe valued at £6 million over five years with the first installations planned forthis summer before the start of the new academic year. The decision has come after an extensive period of development and piloting tomeet the requirements of both the individual Student Unions and NUS Services.The solution is based on XN Checkout web based EPoS solution which provides asingle central database through which NUS Services will be able to maintain theproducts and cost prices for the individual Unions across retail shops and Bars. Amanda Shilton, Deputy Chief Executive of NUS Services said: "The opportunity tolink the individual Student Unions with a web based EPoS system providesefficiencies for both NUS Services as a purchasing consortium and to the Unionsand their Members. We chose XN Checkout for the strength of their technologyand the enthusiasm and knowledge of their staff. This is a highly strategicsolution for NUS Services." Ed Dayan, Chief Executive Officer of XN Checkout said: "We installed our firstStudents Union in 1997 which demonstrates our long term commitment to thestudent market. Many Unions are often large and highly successful businessesand sites often have up to 30 installed touch screen terminals and face hugepeaks in business, particularly during Freshers Weeks in September. We aredelighted to have successfully met the requirements of NUSSL in providing themwith a strategic platform for their future IT systems development." The Directors would like to draw shareholders' attention to an announcement thatwas issued on 10 June 2005 which referred to a Recommended Offer by EvolutionSecurities Limited on behalf of Torex Retail Plc for the entire share capital ofXN Checkout Holdings Plc. - Ends - For further information:XN Checkout Holdings PlcEd Dayan, Chief Executive +44 (0) 1582 869 610edayan@xncheckout.com www.xncheckout.com Daniel Stewart & Co.Ruari McGirr Tel: +44 (0) 20 7374 6789ruari.mcgirr@danielstewart.co.uk www.danielstewart.co.uk Media enquiries:AbchurchAriane Comstive / Henry Harrison-Topham Tel: +44 (0) 20 7398 7700ariane.comstive@abchurch-group.com www.abchurch-group.com Notes to editors XN Checkout Holdings plc XN Checkout is the market leader for EPOS hardware and software solutions intothe UK managed pub and bar sector, with over 4,000 systems installed. TheCompany has been successful in broadening its target markets to includerestaurants, hotels, retail shops and gaming hardware and software solutions. Co-founded in 1982 by the chief executive Ed Dayan, the Company created thefirst touch-till system for a pub and has over 20 years' experience ofmanufacturing hardware and developing software solutions for the EPOS market,resulting in XN Checkout technology remaining at the forefront of the industry.The Company's technology is now being used in the hotel, gaming, retail and thefast-growing SME hospitality sectors. As an innovator of web-based EPOS systems, XN Checkout benefits fromlong-standing client relationships with leading leisure and hospitalitybusinesses including Mitchells & Butlers, Wolverhampton & Dudley, the SpiritGroup, Young's and Stena Line. More recent customers include Cafe Rouge, TheParamount Group of Hotels, Caffe Nero and Gala Group. The Company employs 190people, is based in Dunstable, Bedfordshire and has offices in Singapore,Malaysia, South Korea, Australia, South Africa, the USA and Germany. For further information please visit www.xncheckout.com About NUS Services NUS Services runs a purchasing Consortium which negotiates and purchases over£120m of goods per year on behalf of over 200 Students' Unions around the UK.NUS Services supports and enhances the commercial activities of member Students'Unions. It is owned by the National Union of Students and by the StudentsUnions. Purchasing on campus is big business with many Students' Unionsoperating a number of licensed bars, mini supermarkets and catering operations. This information is provided by RNS The company news service from the London Stock Exchange