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 user 2008-01-04 at 12:42:00 pm Views: 30
  • #19085

    Rapid Refill Makes Its Mark
    Minn., Jan 2008 — To succeed in the business world, several factors –
    including service, dedication and innovation — must all fall into
    place. This year, Rapid Refill Corp., the franchisor of Rapid Refill
    stores, has accomplished just that to earn an enviable position on
    Entrepreneur magazine’s New Franchise Concepts list.”To be named Number
    11 among some of the fastest-growing franchise concepts out there is a
    great honor and one we won’t soon forget,” said Steve Hockett,
    president of Rapid Refill Corp., which is a wholly-owned subsidiary of
    Rapid Brands. “Our inclusion on this list shows that we are not only
    growing at an impressive rate but will continue to do so well into the
    future.” The company was also included on Entrepreneur’s Franchise 500
    list, clocking in at Number 234 overall.

    Minnesota-based Rapid Refill Corp is a retail franchise in the
    multi-billion dollar ink and toner industry. Overall savings on
    remanufactured cartridges can be up to 50 percent below those of OEM
    (Original Equipment Manufacturer) cartridges. The Rapid Refill store
    database lists 1,000 different inkjet cartridges and 200 models of
    laser toner cartridges, including refilled and brand name cartridges.
    Rapid Refill already has signed franchise agreements in place for the
    opening of approximately 150 locations in the next several years. The
    company is expecting substantial growth from multi-unit franchisees who
    would each open three to five units over the next five to seven years.
    Rapid Brands Inc. and its wholly owned subsidiary, Rapid Refill Corp.,
    are traded on the Toronto Stock Exchange (TSX) Venture Exchange under
    the stock symbol RAP. For more information, visit