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Cartridge World Inks Acquisition of Master Franchise in UK and France
Emeryville, CA: APRIL, 2006 — Cartridge World, a leading ink refilling retailer in the printer cartridge industry, has announced its acquisition of the master franchise for the United Kingdom and France, a move toward consolidating the company�s worldwide operations in the United States.
Currently, Cartridge World has 300 stores open in the UK and 65 in France.
�This friendly acquisition will give us an opportunity to more closely manage our Cartridge World locations throughout Europe,� said Burt Yarkin, CEO of Cartridge World North America. �Both these markets will continue to grow rapidly, and our consolidation will help to further strengthen the Cartridge World brand internationally.�
In addition to locations in the UK and France, Cartridge World also has operating stores in most parts of Europe including Austria, Belgium, Germany, Greece, Italy, Poland, Portugal, Ireland, and Spain.
As part of Cartridge World�s tremendous growth internationally, the company also recently awarded Dr. Jose Vazquez with the master franchise rights to the Caribbean, encompassing 26 countries. Vazquez, who has been a multi-unit franchise owner with Subway for the past 10 years in Puerto Rico, will be opening the first Cartridge World location in Puerto Rico this June. He has plans to open a total of four to six stores by 2007 and a total of 30 locations throughout the Caribbean by 2011.
�We are excited to welcome Jose to the team and look forward to utilizing his experience and knowledge of franchising to increase Cartridge World�s visibility throughout the Caribbean,� added Yarkin.
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 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. More importantly, customers receive up to a 50 percent savings and a money-back service guarantee on all refilled cartridges, all the while helping the environment. Cartridge World estimates that it will keep nine million cartridges out of landfills this year.
Cartridge World is the fastest growing ink refilling retailer in the $60 billion printer cartridge industry. The company refills empty ink cartridges for ink jet printers, laser printers, fax machines and photocopiers with top quality, brand-specific ink and toners. Voted #1 in toner replacement services by Entrepreneur Magazine Franchise 500, Cartridge World has more than 1,100 franchised retail locations in 27 countries. The California-based Cartridge World North America was founded in 2003. There are currently more than 375 locations open in the United States with 500 locations expected by summer of 2006.
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