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XN Checkout Holdings (XNC)

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Tuesday 21 June, 2005

XN Checkout Holdings

Acquisition - EPOS services

XN Checkout Holdings PLC
21 June 2005


Press Release                                                       21 June 2005


                            XN Checkout Holdings Plc

                            ('XNC' or 'the Company')

             XN Checkout acquires EpoS Computing Services Ltd (ECS)



XN Checkout Holdings Plc (AIM:XNC), a market leader of Electronic Point of Sale
('EPOS') solutions to the leisure, retail and hospitality markets, announces the
acquisition of EpoS Computing Services Ltd.  The consideration for the
acquisition is substantially calculated on an earn-out basis on ECS's 2005 and
2006 figures, will be satisfied in a mixture of cash and shares, and is not
expected to exceed £4 million.



For the year ended 30 September 2004, ECS reported a turnover of £3.2 million
and a gross profit of £1.0 million.  It had net assets at this date of £142,000.
  Following the acquisition, ECS will continue to be managed independently from
XNC.



Milton Keynes based ECS is the largest independent EPOS service delivery
provider in the UK, and has coverage throughout the UK and Europe.  ECS manages
the roll out of EPOS systems including installation, managing system change
over, testing and training  The acquisition allows XNC to consolidate and
strengthen its EPOS service delivery offering, which has previously been partly
outsourced to subcontractors.



Founded in 1996 by Nigel Friery, ECS operates in both the Hospitality and Retail
sectors and provides EPOS services to a large portfolio of high-street names
such as Asda, BP Oil, Compass Catering, Sainsburys, Tesco, Vodafone and
Whitbread Restaurants among others.  In addition, and of particular interest to
XNC, ECS has significant experience in integrating wireless POS systems within
the UK Hospitality sector.



Commenting on the acquisition, Nigel Friery, Managing Director of ECS, said: '
There are many synergies between the two organizations and I look forward to
continuing in my role of Managing Director of ECS as we continue to exploit the
opportunities available with both XN Checkout and other companies.'



Ed Dayan, Chief Executive of XN Checkout, added:  'The knowledge, huge breadth
of services and experience of large POS roll outs in the UK brought by ECS will
add immense value to XN Checkout at a time when it is embarking upon a number of
system roll-outs to new and existing customers.'



The Directors would like to draw shareholders' attention to the announcement
that was issued on 10 June 2005 which referred to a Recommended Offer by
Evolution Securities Limited on behalf of Torex Retail Plc for the entire share
capital of XN Checkout Holdings Plc.



For further information:
XN Checkout Holdings Plc
Ed Dayan, Chief Executive                                 +44 (0) 1582 869 600
edayan@xncheckout.com                                       www.xncheckout.com


Daniel Stewart & Co.
Ruari McGirr                                         Tel: +44 (0) 20 7374 6789
ruari.mcgirr@danielstewart.co.uk                       www.danielstewart.co.uk



Media enquiries:
Abchurch
Ariane Comstive / Henry Harrison-Topham              Tel: +44 (0) 20 7398 7700
ariane.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 into
the UK managed pub and bar sector, with over 4,000 systems installed.  The
Company has been successful in broadening its target markets to include
restaurants, hotels, retail shops and gaming hardware and software solutions.



Co-founded in 1982 by the chief executive Ed Dayan, the Company created the
first touch-till system for a pub and has over 20 years' experience of
manufacturing 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 the
fast-growing SME hospitality sectors.



As an innovator of web-based EPOS systems, XN Checkout benefits from
long-standing client relationships with leading leisure and hospitality
businesses including Mitchells & Butlers, Wolverhampton & Dudley, the Spirit
Group, Young's and Stena Line. More recent customers include Cafe Rouge, The
Paramount Group of Hotels, Caffe Nero and Gala Group.  The Company employs 190
people, 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







                      This information is provided by RNS
            The company news service from the London Stock Exchange