25th Jan 2007 07:00
Cashbox PLC25 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, announcesthat following a competitive selection process, it has been chosen as therecommended supplier of ATMs for Palmer & Harvey McLane (P&H), the UK's numberone nationwide delivered wholesaler for both the independent and multiple retailtrade with over 61,000 customers. Cashbox will initially focus on providing the free ATM placement offer to P&H's3,700 members of the ACE buying group. Through its partnership agreements Cashbox now has over 29,000 sites where itcan assess the viability of installing an ATM machine, many of those on anexclusive basis. The Company, which is purely focused on the UK market, carriesout detailed research on each site before committing to installation to ensurethat it meets the relevant criteria to achieve profitability. The ATMs will be placed using Cashbox's Placement Model, whereby aconvenience-fee ATM is placed with a retailer free of charge and replenished bythem, eliminating the need for third party cash-handling costs. Each ATM is thentreated as an individual entity, with Cashbox monitoring performance andensuring 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 successfulorganisation as Palmer & Harvey McLane. In particular, I am very excited aboutthe pace that P&H want to see the ACE members benefit from our programme. Thiscontract win is further evidence that Cashbox is fast becoming the UK's leadingIndependent ATM provider of choice." Clive Hildyard, Trading Manager, of ACE, commented:"Throughout the negotiation process, we have been extremely impressed withCashbox's professionalism. The level of marketing and technical support thatthey offer, and the fact that this deal involves absolutely no financial risk toACE members made Cashbox the obvious choice. We look forward to what I am surewill prove to be a successful relationship." - Ends - For further information:Cashbox PLC 0870 126 2274Carl Thomas, CEO Threadneedle Communications 020 7936 9606Josh Royston/Graham Herring Notes to editors Cashbox is a leading independent ATM deployer (IAD) with an estate of more than1,200 ATMs in locations around the UK. Cashbox installs and operates an estateof ATMs, typically on five to seven year contracts, at sites throughout the UKwhere there is a demand for cash withdrawal services and where customers arewilling to pay a convenience fee. The Company differentiates itself from other UK ATM suppliers by offering thePlacement Model, whereby the ATM is purchased by Cashbox under lease hire. TheATM is FREE to the merchant. The machines are replenished by the merchant,eliminating the need for third party cash handling costs. The Company alsofocuses heavily on post placement marketing backing as well as technical supportand service via its in-house 24/7 helpdesk that is supported by a team ofCashbox trained and certified personnel. Cashbox was granted membership of LINK in March 2004, allowing Cashbox toincorporate its ATMs in the LINK network. Cashbox also has a Bank of Englandsettlement account and became the first IAD in the UK to become completelycompliant 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 theindependent and multiple retail trade with complete nationwide distributionfacilities. Widely considered as the one-stop shop in retail, the servicedoesn't end at delivery alone - the P&H Group can provide a complete package tosuit 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 ExchangeRelated Shares:
Cake Box Holdi.