*NEWS*CARTUCHO GROUP SIGNS WITH……….

[Anonymous]

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.

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April 14, 2006 at 11:19 AM