Cashbox PLC
25 January 2007
Cashbox PLC ('Cashbox' or 'the Company')
ACE Members to get first 3,700 ATMs as part of a strategic contract win between
Cashbox PLC and Palmer & Harvey McLane (P&H)
Cashbox PLC (AIM:CBOX), the independent ATM deployer and operator, announces
that following a competitive selection process, it has been chosen as the
recommended supplier of ATMs for Palmer & Harvey McLane (P&H), the UK's number
one nationwide delivered wholesaler for both the independent and multiple retail
trade with over 61,000 customers.
Cashbox will initially focus on providing the free ATM placement offer to P&H's
3,700 members of the ACE buying group.
Through its partnership agreements Cashbox now has over 29,000 sites where it
can assess the viability of installing an ATM machine, many of those on an
exclusive basis. The Company, which is purely focused on the UK market, carries
out detailed research on each site before committing to installation to ensure
that it meets the relevant criteria to achieve profitability.
The ATMs will be placed using Cashbox's Placement Model, whereby a
convenience-fee ATM is placed with a retailer free of charge and replenished by
them, eliminating the need for third party cash-handling costs. Each ATM is then
treated as an individual entity, with Cashbox monitoring performance and
ensuring that the retailer is fully trained and supported in its use.
Carl Thomas, Chief Executive of Cashbox plc, said:
'We are delighted to be working with such a prestigious and successful
organisation as Palmer & Harvey McLane. In particular, I am very excited about
the pace that P&H want to see the ACE members benefit from our programme. This
contract win is further evidence that Cashbox is fast becoming the UK's leading
Independent ATM provider of choice.'
Clive Hildyard, Trading Manager, of ACE, commented:
'Throughout the negotiation process, we have been extremely impressed with
Cashbox's professionalism. The level of marketing and technical support that
they offer, and the fact that this deal involves absolutely no financial risk to
ACE members made Cashbox the obvious choice. We look forward to what I am sure
will prove to be a successful relationship.'
- Ends -
For further information:
Cashbox PLC 0870 126 2274
Carl Thomas, CEO
Threadneedle Communications 020 7936 9606
Josh Royston/Graham Herring
Notes to editors
Cashbox is a leading independent ATM deployer (IAD) with an estate of more than
1,200 ATMs in locations around the UK. Cashbox installs and operates an estate
of ATMs, typically on five to seven year contracts, at sites throughout the UK
where there is a demand for cash withdrawal services and where customers are
willing to pay a convenience fee.
The Company differentiates itself from other UK ATM suppliers by offering the
Placement Model, whereby the ATM is purchased by Cashbox under lease hire. The
ATM is FREE to the merchant. The machines are replenished by the merchant,
eliminating the need for third party cash handling costs. The Company also
focuses heavily on post placement marketing backing as well as technical support
and service via its in-house 24/7 helpdesk that is supported by a team of
Cashbox trained and certified personnel.
Cashbox was granted membership of LINK in March 2004, allowing Cashbox to
incorporate its ATMs in the LINK network. Cashbox also has a Bank of England
settlement account and became the first IAD in the UK to become completely
compliant with the Triple DES security standard in June 2004.
The Company is listed on the AIM market of the London Stock Exchange.
Palmer & Harvey McLane
The P&H Group is the UK's number one delivered wholesaler for both the
independent and multiple retail trade with complete nationwide distribution
facilities. Widely considered as the one-stop shop in retail, the service
doesn't end at delivery alone - the P&H Group can provide a complete package to
suit every business.
•870 vehicles making 55,000 deliveries per week
•61,000 customers rely on P&H
•The UK's 3rd largest private company
•9,000 product lines
•28% share of total Tobacco market (54% of the multiples)
•14% share of total Confectionery market
•28% share of total Ice Cream market
•79% of multiple Off Licences are delivered by P&H
This information is provided by RNS
The company news service from the London Stock Exchange
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