CARTRIDGE WORLD MOVES HEADQUARTER TO U.S.

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Cartridge World Announces Organizational Changes to Support Rapid Growth
World’s Fastest Growing Ink Refilling Retailer Relocates Headquarters, Restructures Key Executives Cartridge World Announces Organizational Changes to Support Rapid Growth
EMERYVILLE, Calif., Oct. 06– Cartridge World, the world’s fastest growing ink refilling retailer in the $80 billion printer cartridge industry, has announced today a series of organizational changes designed to strengthen its overall growth.In order to provide a greater network of support and to more closely manage its worldwide operations, Cartridge World will be relocating its headquarters from Norwood, South Australia to Emeryville, California, the current home of Cartridge World North America. Cartridge World currently has more than 1,300 franchised retail locations open in 36 countries. There are several hundred more Cartridge World stores under construction around the world.”Moving our worldwide headquarters to the U.S. will be a great benefit to our entire franchise system,” said Burt Yarkin, CEO of Cartridge World. “We have invested millions in our infrastructure, including our newly completed 8,000 square foot training center in Emeryville, and increased our corporate staff significantly in the past year to support our continued growth.”Along with the announcement, several key executives have been reorganized internally. Burt Yarkin, CEO of Cartridge World North America, John Dring, COO of Cartridge World North America, and Steve Yeffa, CFO of Cartridge World North America, will now become CEO, COO, and CFO of the entire Cartridge World organization. Paul Wheeler, Cartridge World co-founder remains Chairman of Cartridge World.In addition, Cartridge World named three new Directors. Jonathan Cullen was recently appointed as Managing Director of the UK. Cullen was most recently the National Franchise Director with Martin and Co, a property lettings and management company.Mike Fuller has also been named Managing Director of Asia/Pacific, Middle East & South Africa. Fuller previously was the company’s CEO of Franchise Development.Duncan Berry makes the move from General Manager of Cartridge World UK to Director of Franchising for Europe. Berry has been with Cartridge World since 2002 and has been responsible for the continued development of the franchise system in Europe.Cartridge World, which opened its first franchise location in Adelaide, Australia in 1997, is the first retail cartridge refilling concept to take on manufacturing giants such as HP, Lexmark and Canon while offering cost-saving solutions for consumers and businesses on the traditionally inflated costs of printer cartridges.The company provides consumers and small to mid-sized businesses with a retail cartridge refilling service that allows customers to refill their ink and toner printer cartridges with as much ease as they refill the gas tanks of their cars. Customers can bring their empty name-brand ink and toner cartridges into Cartridge World locations and purchase ones already refilled. The refill process is quick and offers a 100 percent money-back guarantee on quality. At the same time, it offers up to a 50 percent savings and helps the environment by keeping used cartridges out of landfills. Cartridge World estimates that it will keep over fifteen million cartridges out of landfills this year.

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October 16, 2006 at 11:08 AM