Tissue Regenix Group Regulatory News (TRX)

18 Jan 2007 07:02

Torex Retail PLC18 January 2007 18 January 2007 Torex Retail PLC announces significant new business wins in the final quarter of 2006 Torex Retail PLC, the leading global retail systems provider, is pleased toannounce a number of significant and strategically important business winsacross its divisions in the fourth quarter of 2006. The fourth quarter of 2006 saw the Group build on the new 5 business unitstructure and the appointment of divisional CEOs. This has helped to createboth operational control and market focus which in turn has driven performancein the second half. The Group remains well placed to build on its outstanding market position,customer base and leading technologies. As previously indicated, furthersynergistic gains are expected in both revenue and costs from the acquisitionspreviously completed to complement the organic growth that will arise mostnotably from increasing the penetration of Torex software products across theexisting customer base, and from new business wins. Torex Retail Plc is constrained by customer confidentiality requirements fromreleasing full contract details, exact technology applications and pricing datahowever we are pleased to present an overview of recent contract wins with asmuch detail as is commercially prudent:- Contract wins Retail Businesses This division is announcing more than £80 million of new contracts and renewalsin the second half of 2006. The UK Division has secured major new Retail-J contracts with Wyvale GardenCentre, Home Retail Group and Swarovski. Additionally, contracts have beensecured with Reiss, The Range, 99p Stores, and Ethel Austin as well as renewinga significant IT outsourcing contract with WH Smith Travel. The deployment into Home Retail Group (Homebase and Argos) will see Torex rollout its Retail-J EPoS solution across 683 stores with implementation scheduledto commence in 2007. The significant multi-million pound contract also includesa 10 year maintenance and support agreement. 2007 will also see Torex Retail implement its first global deployment ofRetail-J into speciality crystal retailer Swarovski across 660 stores in 30countries in a software and services deal worth in excess of £2.5 million. Other significant gains for the second half of 2006 include the roll out of amerchandise planning upgrade, hardware refresh and a Chip & PIN solution intovalue fashion retailer Ethel Austin in a deal worth £680,000. 2007 will also see Torex deploy a loss prevention solution into fashion retailerReiss as well as deploying EPoS into new stores The company has also been successful in its bid to renew a multi-million poundIT outsourcing contract with WH Smith Travel until 2011. The deal covers morethan 200 UK stores at airports and railway stations throughout the UK. TorexRetail will also service WH Smith's national distribution centre in Birminghamand head office in central London. In the Americas, business growth continues to be driven by both increased salesfrom existing customers (Stein Mart, Meryn's, IKEA, BJ's Wholesale Clubs,Forever 21, Academy Sports and Outdoors, The Picture People, Roche BrothersSupermarkets, Duty Free Americas, Safeway and French Connection) and newbusiness wins (Bed Bath and Beyond, Gottschalks, Levis Strauss and NationalWholesale Liquidators). Contracts with existing customers have been signed toboth grow traditional revenues, and to develop additional revenue streamsthrough cross-selling and deepening the customer relationship. New customer wins for the ISIS supermarket EPOS software includes MarukaiCorporation California, Hearty Foods and KTA Supermarkets. The European division has secured some significant new business in the secondhalf of 2006. New business wins have included Richemont, Intermarche, Bauhaus,Esprit, Tedi, Woolworth, Gerry Weber, Norma, De Verbrand, and Maxeda (1200EPOS), and in the period, major roll-outs have featured for clients such asDutch Post Office, Finnish Post Office, Marktkauf and Nokia "Store of the Future". Hospitality and QSR This division includes the former XN and Savista business units. In Hospitality Torex have agreed a multi million pound 3 year contract renewalwith Mitchell & Butler to continue to provide and support EPOS software andservices across their 2000 pub estate. As well as additional software business from McDonalds, the division is pleasedto announce a major (2,800 POS terminals) new contract with Baskin Robbins KoreaLimited. The deal will cover the Baskin Robins Ice Cream, Dunkin Donuts andParis Croissant Brands across the Republic of Korea. The core NewPOS business with McDonalds remains strong, with new revenues inservices and delivery and additional country deployments. Further product development in the second half of 2006 supports a growingpipeline of potential new customers for the product. We continue to remainstrongly positioned to win new business, with global brand QSR operators. Someof the new and incremental business that the Group had hoped to complete in late2006 is now, based on revised customer timescales, expected to be delivered inearly 2007. Petroleum and Convenience Growth in the "P&C" division continues to be very strong, and a further £21million of contracts have been signed in the second half of 2006. These include wins for Asda Walmart, Tesco, Shell, BP, Maxol, Petrogas andStatoil as well as a large number across the UK Independent Petrol Retailersmarketplace, including software, services, project management and hardware. As part of the ongoing investment programme by Somerfield in Torex automationTorex Retail has been awarded a further 63 sites of an anticipated 120 in 2007. The division remains in excellent shape to continue its strong growth into 2007. Business Update The UK, European and Americas sales teams are actively selling the Torex Retailstrategic software solutions including Retail-J and NewPOS. In addition to theSwarovski contract win, the Retail-J EPOS system has already been bid and isbeing bid into a number of brand new contract opportunities across the Globalbusiness, with favourable initial interest, and short-listing. Further contractannouncements are expected shortly. The Torex Retail organization is developing and expanding the indirectdistribution channel across existing and new markets with their strategicsoftware solutions in the general retail, grocery and hospitality / QSRindustries. A number of distribution partners have already been signed inexisting markets and additional distribution partners are being appointed totake the product into strategic markets, including Eastern Europe, India, Chinaand Latin America. The Group's global deployment capability, largely through the current businessfootprint, enhanced through key partnerships, helps to position the businessstrongly to bid for and win global retailers business in both EPOS and otherrelated software and service areas. The Company is currently in the process of closing its books for 31 December2006 and expects to be able to provide a trading update on 2006 in earlyFebruary. The specific date of this announcement will be confirmed in duecourse. RNW Mitchell Chief Executive Officer Torex Retail PLC - ends - Enquiries: Citigate Dewe Rogerson: Ginny Pulbrook, Director Tel: 020 7638 9571 Seb Hoyle, Director Tel: 020 7638 9571 About Torex Retail - www.torexretail.com Torex Retail is a leading independent provider of cutting edge retail technologysolutions to many of the world's principal retailers. Since the company'sflotation in spring 2004 Torex Retail has achieved rapid growth across all ofits markets and has rigorously pursued its goal of becoming the provider ofchoice. As a result, the company now has a presence in all of the major marketsaround the world and has built a strong platform for future growth in line withits strategy. Torex Retail's product and solution set spans high street andout-of-town retail as well as the petroleum and convenience sector and with over6,000 customer relationships, including Tesco, Woolworth, Selfridges and Argos,the company has earned a leading reputation amongst retailers. Torex Retail hasmore than 2,800 staff based in 22 countries. This information is provided by RNS The company news service from the London Stock Exchange