Tissue Regenix Group Regulatory News (TRX)

13 Jun 2005 07:01

XN Checkout Holdings PLC11 June 2005 Press Release 13 June 2005 XN Checkout Holdings Plc Caffe Nero chooses XN Checkout EpoS After extensive trials and pilot installations Caffe Nero have chosen XNCheckout Holdings Plc (AIM:XNC), a market leader of Electronic Point of sale ("EPoS") solutions to the leisure, retail and hospitality markets to provide anestate wide EPoS system. XN Checkout are providing their latest WEB based Hospitality EPoS technologywhich includes sales, promotions, stock and real time business alerts andreporting. The Contract, is worth an estimated £3 million over the next fiveyears. The rollout commences in June 2005 and will carry on into next year. Caffe Nero is currently the largest independent coffee retailer in the UK withover 220 stores stretching from Brighton to Glasgow. To date the company hasgrown at the rate of over 40 stores per annum. The web based installations provide Caffe Nero with rapid sales EPoS systemsthrough colour touch screen terminals, as well as stock and outlet reporting. Gerry Ford, CEO and Chairman of Caffe Nero said: "We have had a long quest tofind the right EPoS solution from the right partner to support the growth of ourbusiness. XN Checkout have provided the understanding of our business andtailored their system to help us meet our business goals. Having a system thatsupports our customer service, particularly with our peaks in trade whilstproviding real time data was always going to be a challenge, which XN Checkouthave met." Ed Dayan, CEO of XN Checkout said: "We are delighted to have been chosen byCaffe Nero as their EPoS partner. Their requirements are challenging and we havedemonstrated the quality of our team to understand our customers business andthe benefits that accrue from our web based solutions. Caffe Nero are a dynamicand highly successful business which we are proud to be associated with." XN Checkout is subject to a Recommended Offer by Evolution Securities Limited onbehalf of Torex Retail Plc for the entire share capital of XN Checkout HoldingsPlc as announced on 10 June 2005. On behalf of Torex Retail, Evolution willoffer to acquire all of the XN Checkout Shares on the following basis: for each XN Checkout Share 2.547 New Torex Shares and so in proportion for any other number of XN Checkout Shares held. Based onthe Closing Price of 104p per Torex Share on the business day immediately priorto the date of this announcement, the Offer values each XN Checkout Share atapproximately 264.9 pence. This represents a premium of approximately 8.6 percent. over the middle market price of an XN Checkout Share of 244p at the closeof business on 3 June 2005, being the last business day before the announcementon 6 June 2005 that it was in bid discussions. 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, and Gala Group. The Company employs 178 people, isbased in Dunstable, Bedfordshire and has offices in Singapore, Malaysia, SouthKorea, Australia, South Africa, the USA and Germany. For further information please visit www.xncheckout.com Caffe Nero Group Plc Caffe Nero Group Plc was founded in 1997 when five sites were acquired by asyndicate of investors. The name Caffe Nero was retained for the original sitesbut an entirely new brand was created centering around an authentic Europeancoffee house concept and serving gourmet quality coffee and deli food products.Caffe Nero is currently the largest independent coffee retailer in the UK, withover 220 Caffe Nero stores from Brighton to Glasgow. This information is provided by RNS The company news service from the London Stock Exchange