1st Jun 2005 07:00
Torex Retail PLC01 June 2005 1 June 2005 Torex Retail plc Petroleum & Convenience Division Announces Somerfield Contract Win Torex Retail, a leading provider of IT solutions to major European retailers,today announces that it has won a two year, £3.3 million order with Somerfieldto implement its market leading PoS solution 'Iridium' and back office system 'Prism' into 225 stores across the UK. The solution will be rolled out to both convenience and petrol conveniencesites, including the newly announced stores to be acquired by Somerfield fromTexaco and Fuelforce. Both Iridium and Prism are highly functional, easy to useand can be seamlessly integrated into the Somerfield head office. Commenting on the decision to award the contract to Torex Retail, Tom Scott ofSomerfield said; "Torex Retail was able to provide us with a fully integrated and highlyfunctional solution which is already well proven within the Petroleum &Convenience marketplace. I believe that the overall roll out of the solutionwill increase the overall operating efficiency and profitability of our stores". Chris Moore, CEO of Torex Retail, said: "Our Petroleum and Convenience ('P&C') products are the market leaders in the UKand this win further strengthens our position within the P&C sector. We areconfident that through the combination of both our P&C PoS solution 'Iridium'and our back office system 'Prism', Somerfield's convenience and petrolconvenience stores will be able to achieve substantial operating efficienciesand tangible benefits in the future". Ends Enquiries:Chris Moore, CEORichard Thompson, Group Finance DirectorTorex Retail plcTel: 0870 050 9900 Or Seb Hoyle / Ginny PulbrookCitigate Dewe RogersonTel: 020 7638 9571 About Somerfield Somerfield is a high street retailer offering high quality groceries - with aparticular emphasis on fresh foods. Its stores offer a modern retail environmentwith the latest in-store facilities and a comprehensive range of products inconvenient neighbourhood locations. In the current competitive food retail market Somerfield has focused on itsclear strength in providing shoppers with an easy alternative to the largerout-of-town supermarkets, while maintaining its commitment to fresh qualityfoods. The Somerfield Convenience Brand, Essentials, operates 93 forecourts andConvenience Stores and with the addition of the Texaco and Fuelforceacquisitions that have been announced, the portfolio will increase to 233 by theend of July. About Torex Retail plc - www.torexretail.com Torex Retail plc is a leading independent provider of retail technologysolutions to many of the UK and Europe's leading retailers. In Spring 2004 thecompany was bought out from healthcare software provider Torex plc andre-floated on London's Alternative Investment Market with a marketcapitalisation of more than £100m. Torex's Retail's product and solution setspans high street and out-of-town retail and the petroleum and conveniencesectors and the company's customers include Dixons, Woolworth, Selfridges, Shelland Argos. The company's products cover PoS and a range of in-store and headoffice, loss prevention, logistics and performance and productivity solutions.Torex Retail has more than 1,000 staff based in the UK, Germany, Benelux andEire. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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