11th Dec 2006 07:00
Cashbox PLC11 December 2006 Cashbox PLC ("Cashbox" or "the Company") Cashbox PLC appointed as sole ATM provider to Novus Leisure Cashbox PLC (AIM: CBOX), the independent ATM deployer and operator, announcesthat it has been awarded sole supplier status of ATMs for venues owned by NovusLeisure Ltd., which include its Tiger Tiger locations. There are currently 35viable venues and the initial terms of the contract will see Cashbox installing40 machines across the estate. Each ATM will be deployed using the Company's free Placement Model, whereby theindividual retailer replenishes the machine, eliminating the need for thirdparty cash-handling costs. Through its partnership agreements Cashbox now has over 27,000 sites where itcan assess the viability of installing an ATM machine, many of these on anexclusive basis. The Company, which continues to focus on the UK market, carriesout a detailed survey on each site before committing to installation to ensurethat it meets the relevant criteria to achieve profitability. Phil Pothercary, Head of Purchasing at Novus Leisure, said: 'We have beenextremely impressed with the Cashbox offering, from the lack of risk involvedthrough to the excellent 24/7 after sales that they provide, and we look forwardto working closely with them.' Carl Thomas, Chief Executive of Cashbox plc, said: 'This contract with NovusLeisure adds another high profile operator to our already impressive clientlist, and is further vindication that our focus on support service andminimising the risk for our clients makes us the ATM provider of choice intoday's market.' ---ENDS--- 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 technical support and service via its in-house24/7 helpdesk that is supported by a team of Cashbox trained and certifiedpersonnel. 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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