New Business Wins

Torex Retail PLC 09 February 2006 9 February 2006 TOREX RETAIL SECURES 40 MAJOR CONTRACTS TOTALLING £36 MILLION INCLUDING TWELVE NEW LUCAS DEPLOYMENTS in 2005 Further to our pre-close trading statement issued on Monday 16th January 2006, Torex Retail has confirmed business wins totalling £36M including twelve significant deployments of its Lucas EPoS solutions in the financial year ending December 2005. The company has secured more than £20M worth of contracts in the UK and Europe and has closed business worth in excess of $25M across Canada and the USA. UK Success In the UK, wins included eight major roll outs of Lucas into the existing customer base including RD Scott, Slaters, Co-op Home Stores, Bargain Crazy, Yeomans, Reiss, Clinkards and Texas Department Stores. Other successes included the implementation of Lucas in Japanese department store Mitsukoshi in Regent Street which went live in December 2005 as well as deployments of Torex's Lucas OSM solution into Roadchef and Alpha Retail in contracts worth in excess of £2.6M. The company has also secured a major IT service contract with Tesco Pharmacies worth £1.3M over five years. The Lucas deployments further strengthen the company's worldwide market position for its Lucas solution set of which the EPoS elements are now installed in more than 17,000 lanes across the UK, USA and Europe. The company's petroleum and convenience division has secured a three year £2M support contract with Somerfield Stores Forecourt Services to support the company's forecourt and technology equipment. As well as continued success for Lucas, Torex Retail has also continued to build the user base for the Power For Retail EPoS solution which it acquired when the company purchased Anker Systems in Summer 2005. The company has deployed Power For Retail into 35 Oddbins stores and 65 Viyella fashion outlets as well as the continued rollout into 300 Instore outlets. In Northern Ireland, the company has secured a major contract to deploy its Power solution into off licence chain Russell's Cellars across 40 stores. Within the company's hospitality operation, progress has been similarly strong since the acquisition of XN Checkout in Summer 2005. As well as securing a major technology refresh project with managed pub chain Mitchells and Butlers worth in excess of £5M in the first phase, the company has also secured business with pub company Pathfinder worth in excess of £5M over five years to replace EPoS technology across its estate. In addition Torex has completed its first phase rollout of electronic gaming terminals and displays with Stanley Leisure with a deal worth to date of over £1.5M with further sites already scheduled for 2006. Further afield, the company has secured major wins with Casino Solei in Croatia as well as with a major casino operator in Mexico City. The combined value of these contracts exceeds $1M and in the Far East, the company has secured Lucas solution wins with Adidas and the Wildlife Reserve (Asia's largest night safari) in Singapore. Continued European Expansion The company has also continued to secure substantial orders across Europe including a contract to deploy 1300 EPoS units across Netherlands textile retailer Zeeman in outlets in the Netherlands, Germany, Belgium, and Luxemburg. Other European successes include supermarket chain Jan Linders order for 235 touch screens running Lucas OSM and 49 back-office installations. Torex Retail has also secured a major contract to deploy hand held terminals running on a wireless network as completing the roll out of a new EPoS system for Netherlands based HEMA across 330 stores in the Netherlands, Belgium and Germany. In Scandinavia, Norway's largest food retailer, Nordisgruppen, has selected Torex Retail to deploy the Lucas OSM solution in a deal worth in excess of €0.5M. Retail and hospitality operator on the Dutch railway system, Servex, is investing more than €1.2M to deploy Lucas OSM across 376 stations. German discount retailer Tedi is rolling out Lucas across 520 outlets and more than 140 have been completed to date. Tedi is planning to develop more than 1,000 new stores in Germany over the next two years. Other successes in Europe include the decision by pan-European pharmacy retailers Schlecker to select Torex Retail as its exclusive service and maintenance partner responsible for managing retail technology across 13,700 outlets in a two year contract. Major Growth in North America Torex Retail is continuing on a programme of rapid growth across North America and Canada with more than $25M worth of business secured in 2005 including a $7M contract to provide New Jersey based discount store chain Stein Mart with a comprehensive technology support programme covering EPoS upgrades and the deployment of an enterprise data centre solution. Californian Department store chain Mervyns is investing more than $12M in hardware and software solutions across its estate of 275 outlets and in addition, membership Club Warehouse BJ's has appointed Torex Retail to provide hardware, software and support services totaling in excess of $5.5M. The company has also completed the roll out of its Lucas EPoS solution across 40 Montblanc outlets in the USA and Canada. Commenting on the continued success of the business, Torex Retail's Executive Chairman Chris Moore said, 'This series of wins demonstrates our ability to drive organic growth within our acquired customer base as well as highlighting how we are able to grow our offer to these customers. Importantly we have secured a number of new name business wins and these two factors combined illustrate the sustainability of our long term growth strategy. 'Our order pipeline is at its strongest point ever and I believe that 2006 and beyond will see us further consolidate our UK and European market leading position as continuing to strengthen our offering across North America. 'The integration of the businesses we have acquired is now complete and we are currently sharing our product strategy and new approach to service and maintenance with our customer base. 'With many retailers currently looking to replace their EPoS solutions within the next twelve to eighteen months, I believe the outlook is excellent,' Chris Moore added. - ends - Enquiries: Torex Retail: Chris Moore, Executive Chairman 0870 300 6061 Citigate Dewe Rogerson Ginny Pulbrook / Seb Hoyle / Lucie Holloway 020 7638 9571 This information is provided by RNS The company news service from the London Stock Exchange
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