*NEWS*CARTUCHO GROUP SIGNS WITH……….

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*NEWS*CARTUCHO GROUP SIGNS WITH……….

 user 2006-04-14 at 11:19:00 am Views: 58
  • #15039

    Cartucho Group Limited – Cartucho signs agreement with NIS to support US deployments
    LONDON,
    UNITED KINGDOM April  2006- Cartucho Group Limited, a growing developer
    and manufacturer of ink refill kiosks, is pleased to announce that it
    has signed an agreement with National In-Store (NIS) to support the
    deployments of the Group’s ink refill kiosks in the United States and
    Canada. Under the agreement NIS will provide nationwide training,
    installation and ongoing customer services to operators of Cartucho’s
    ink refill kiosks. Service and support calls will be handled by the NIS
    call centre in Sarasota, Florida, U.S.A. Inventory management and
    distribution of consumables and of spare parts will also be handled by
    NIS’s ISO certified fulfilment facility in Sarasota.
    NIS is a
    leading retail resources provider that serves the largest and well
    recognised consumer product companies and retailers in the United
    States. NIS is the fastest-growing U.S. retail resources provider,
    serving more than three million retail sites annually with more than
    10,000 field associates. NIS offers a wide range of merchandising,
    sales training, ISO certified fulfilment, quality assurance and
    technical services. Headquartered in Sarasota, Florida, NIS maintains
    offices throughout North America, Europe and Asia-Pacific and is part
    of Omnicom Group, Inc.’s Radiate Retail Group.
    The Company is also
    pleased to report that it continues on course with its stated
    objectives at the time of flotation. At Admission, Cartucho had
    deployed 49 kiosks in the United States with a contract to rollout a
    further 914 kiosks. Performance of the installed machines has been
    encouraging. As planned, since flotation, the Company has been
    concentrating on its volume manufacturing in order to fulfil the
    rollout. The preparations for volume manufacturing are well progressed,
    with the next tranche of 83 machines under the roll-out expected to be
    installed by end of April 2006 and the roll-out expected, as planned,
    to continue through third calendar quarter 2006
    The Company
    continues to pursue negotiations with additional retailers, both in the
    US and other jurisdictions and is pleased with progress on this front.
    Commenting
    on the agreement with NIS, Mike Willcocks, Chief Executive of Cartucho
    Group, said, “This agreement with NIS is fundamental in supporting our
    ambitions in the Untied States and will ensure that we are able to
    provide our customers with high levels of training and after sales
    services.
    “We are pleased with the progress that has been made
    regarding the roll-out of our kiosks in the United States. Since
    flotation, the establishment of volume manufacturing of our kiosks has
    been a priority and we are progressing towards reaching our deployment
    target of 50 machines per week.”
    About Cartucho Group Limited
    Cartucho
    is the holding company for a growing applied technology business
    specialising in the design, sale and support of a system which refills
    printer ink cartridges. With over 1.3 billion inkjet printer cartridges
    forecast* to be sold this year, the founding shareholders recognised
    the opportunities that exist for a system capable of refilling spent
    cartridges. The Group designs and produces its ink refill kiosk (the
    “kiosk”), which is capable of refilling a significant majority of
    popular inkjet printer cartridges on the market. The Group’s principal
    objective is to enter into revenue sharing agreements with major retail
    chains which sell cartridges, with the kiosk providing an in-store
    cartridge refilling solution. The Directors believe that the growing
    number of smaller walk-in shops specialising in cartridge refilling has
    taken some market share away from the larger office supplies retailers
    and that the kiosk offers a means of partially reversing this trend. In
    September 2005, the Group signed an agreement to supply the kiosk to
    OfficeMax, which, with nearly 1000 stores, is the third largest office
    supplies retail chain in the United States
    .