News

Red Orange endorses Cashbox as supplier for ATMs

08 March 2007

Cashbox PLC (AIM:CBOX), the independent ATM deployer and operator, is pleased to announce that it has been appointed a recommended supplier to members of Red Orange.

Formed in 1983, Red Orange currently has 36 members, comprising independent retailers predominantly based in Norfolk and Lincolnshire.

The ATMs will be placed using Cashbox's Placement Model, whereby a convenience-fee ATM is placed with a retailer free of charge and replenished by them, eliminating the need for third party cash-handling costs. Each ATM is then treated as an individual entity, with Cashbox monitoring performance and ensuring that the retailer is fully trained and supported in its use.

Anthony Sharp, Chairman of Cashbox PLC, said:
"I am delighted that Red Orange has chosen Cashbox as its ATM provider of choice. This appointment continues our excellent sales momentum as more and more companies appreciate the benefits of our product, service and support over those of our competitors."

Chris Futter, Managing Director, of Red Orange commented:
"At Red Orange we are constantly looking for ways in which our members can enhance and improve upon their offering, to the benefit of shop owners and customers alike. With the level of marketing and technical support offered, as well as the lack of any financial risk to our members, Cashbox is an obvious choice."

For further information:

Notes to Editors

Cashbox is an independent ATM deployer (IAD) which installs and operates an estate of ATMs, typically on five to seven year contracts, at sites throughout the UK where there is a demand for cash withdrawal services and where customers are willing to pay a convenience fee.

The Company differentiates itself from other UK ATM suppliers by offering the Placement Model, whereby the ATM is purchased by Cashbox under lease hire. The ATM is FREE to the merchant. The machines are replenished by the merchant, eliminating the need for third party cash handling costs. The Company also focuses heavily on post placement marketing backing as well as technical support and service via its in-house 24/7 helpdesk that is supported by a team of Cashbox trained and certified personnel.

Cashbox was granted membership of LINK in March 2004, allowing Cashbox to incorporate its ATMs in the LINK network. Cashbox also has a Bank of England settlement account and became the first IAD in the UK to become completely compliant with the Triple DES security standard in June 2004.

The Company is listed on the AIM market of the London Stock Exchange.

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