Cashbox PLC
29 September 2006
Press Release 29 September 2006
Cashbox plc
('Cashbox' or 'the Company')
Sole Supplier Contract from FRG Buying Group
Cashbox plc (AIM:CBOX), the independent ATM deployer and operator, announces
that it has been awarded sole supplier status of ATMs for all 750 sites of FRG
Buying Group Limited ('FRG').
FRG are headquartered in Kent, but have sites across most of the UK. They
recommend suppliers to their convenience store buying members. This agreement
provides Cashbox with exclusive access to all of the group's member's outlets.
FRG will actively promote Cashbox's services in order to generate greater
awareness and encourage take-up of the convenience-fee ATMs. Each ATM will be
deployed using the Company's free Placement Model, whereby the individual
retailer replenishes the machine, eliminating the need for third party
cash-handling costs.
Fred Galbraith, Managing Director of FRG, said: 'Our confidence in Cashbox's
customer services was a crucial consideration in the awarding of this contract.
We know Cashbox will be monitoring each machine's performance and ensuring that
every retailer is fully trained and supported in its use.'
Carl Thomas, Chief Executive of Cashbox plc, said: 'Yet again Cashbox has been
awarded sole access to the sites of a recognised retail organisation. Our model
means there is no financial risk for the trader and they will be fully supported
by our extensive team.'
'Paul Cook, who successfully secured this agreement, is a member of the
Commercial Sales Team, headed by Dominic West. This strategic win broadens our
experience and coverage of the convenience store arena and highlights the
continued and sustained growth of our estate as well as the focus and drive of
this specific team.'
- Ends -
For further information:
Cashbox plc
Carl Thomas, Chief Executive Tel: +44 (0) 870 126 2274
cthomas@cashboxplc.co.uk www.cashboxplc.co.uk
FRG Buying Group Ltd
Fred Galbraith, Managing Director Tel: +44 (0) 1689 878434
Seymour Pierce Limited
Jeremy Porter, Corporate Finance Tel: +44 (0) 20 7107 8000
Media enquiries:
Abchurch
Henry Harrison-Topham / Gareth Mead Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com www.abchurch-group.com
Notes to editors
Cashbox plc
Cashbox is a leading independent ATM deployer (IAD) with an estate of over 1,000
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.
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 intends that the majority of new installations will use the
Placement Model, whereby the ATM is purchased by Cashbox under lease hire,
placed with the merchant and replenished by the merchant, eliminating the need
for third party cash handling costs.
The Company listed on AIM in March 2006.
This information is provided by RNS
The company news service from the London Stock Exchange
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