*NEWS*CTG-WORLD MOVES HEADQUARTER TO U.S.

Toner News Mobile Forums Latest Industry News *NEWS*CTG-WORLD MOVES HEADQUARTER TO U.S.

Date: Monday October 16, 2006 11:08:00 am
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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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