UNG.L Regulatory News (UNG)

10 Jun 2005 16:18

Universe Group PLC10 June 2005 UNIVERSE GROUP PLC10 JUNE 2005 Universe Group PLC HTEC announces new contract with Suresite Universe Group PLC ("Universe" or the "Company") is pleased to announce thatHTEC, the Company's retail and information systems subsidiary, has secured a newcontract to supply Suresite Card Services with its HTEC Gemini EFT Terminals andthe HTEC Intelligent PINpad. Suresite provides bank authorisation and paymentservices to independent petrol retailers across the UK. The contract will beimplemented over the next 12 months and HTEC will provide on-going support toSuresite. Ray Mackie, Chairman of Universe, comments: "We are delighted that Suresite has chosen HTEC to supply its customers withchip and PIN compliant equipment. The independent petrol retailers share of theUK market is growing quickly and we believe that Suresite is capable of securinga dominant position in this market. " Geoff Oldham, Managing Director of Suresite reports: "Chip and PIN, working over ISDN for high speed, is going to save our petrolcustomers a lot of money as a result of increased security and the potential toreduce merchant fees. There are only a limited number of suppliers offeringpetroleum capable Chip and PIN solutions and HTEC was chosen because of itsspecialist capability in forecourt solutions." Enquiries: Ray Mackie, ChairmanUniverse Group PLC 023 80689510 Russell CookCharles Stanley Co. Limited 020 7739 8200 This information is provided by RNS The company news service from the London Stock Exchange