26th Mar 2007 08:57
Felix Group PLC26 March 2007 26 March 2007 Felix Group plc Announces IAD Operational and Distributor Agreements with OmniCash Ltd Felix Group plc ("Felix"), the company behind the MAX BOX multi-function digitalretail ATM machine today announces 2 separate agreements, both with OmniCashLtd, an Independent ATM deployer and LINK member ("OmniCash"). The first agreement relates to an operational Service Level Agreement ("SLA")and will see OmniCash servicing and maintaining the NanoCash ATM's that Felixhave bought from them. OmniCash are the UK's exclusive distributor of thisKorean manufactured ATM machine. In addition to the obvious operational benefitsthis SLA brings to bear, the restructured commercials produce a positivefinancial effect by reducing Felix's overall weekly 'break-even' amount of theMAX BOX by about 7.5%. An important contribution as Felix continues to worktowards its 'break-even' target. This agreement also makes provision under separate commercial terms for OmniCashowned NanoCash machines which both OmniCash and Felix agree to house withinfuture MAX BOX editions. The second agreement sees Felix appointing OmniCash as an exclusive distributorof the NanoCash machine within its MAX BOX machine within the pub sector andsmall convenience store sector. OmniCash and Felix will work together to findnew sites within these two sectors (and others on a non-exclusive basis) todeploy the NanoCash ATM MAX BOX. Whilst Felix still plan on the same rate ofmachine deployment, it anticipates an increase in the number of pub and smallconvenience store sector opportunities; sectors OmniCash currently specialisein. Andy Egan - Chief Executive, Felix Group plc said: "I am delighted to have these agreements in place. The Operational SLA agreementensures we have the industry's best placed IAD maintaining and servicing ourNanoCash machines. As the sole UK distributor of this product, OmniCash are bestpositioned to assist us deploy the first 120 NanoCash machines we have boughtand engineered into our MAX BOX proposition. "OmniCash are a well establish LINK member and IAD and these agreements continueour strategy of contracting with third party partners which have considerableskill in their respective fields and sectors. We now have some of the bestindustry experts advocating and selling in our products across a broad range ofleisure and retail sectors whilst expanding our sales capabilities nationally atthe same time". Benoit Mes - CEO, OmniCash Ltd said: "Our NanoCash and MiniBank ATM products will complement the MAX BOX model rangewith the reliability a product like this deserves. The Operational agreementbacked up with the distributor agreement puts in place a strong bonding for bothcompanies; it's great to have this contract signed so we can now all focus ondeployment". - Ends - Contacts For Felix Group plcMike Wallwork (o): 01565 831 100 email: [email protected] for Felix Group plcHolborn PR, David Bick (o) 020 7929 5599 email: [email protected] OmniCash LtdBenoit Mes (o) 0800 032 1314 email: [email protected] Notes to Editors About Felix Group plc - Felix Group plc (Reuters FLX.L; Bloomberg FLX LN)www.felixgroupplc.comFelix Group's ordinary shares were admitted to trading on AIM on 8 March 2004.Felix Group initially developed a new form of sales promotion through a directconsumer interactive medium called Everyone's A Winner. Felix has now combinedthis retail innovation with a traditional ATM machine and included a (growing)range of digital consumer services (photo processing, mobile top-up and contentand music downloads) to form MAX BOX, a kiosk designed to dispense cash, vendsales promotions and provide additional consumer services.About OmniCash Ltd OmniCash is a LINK member and IAD specializing in ATMs and Cash ManagementSolutions for the Banking, Retail, Gaming and Transport sectors. With a currentnetwork of 1200 ATM's that is growing month on month. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Crawshaw Group