Re Agreement
February 27 2007 - 9:47AM
UK Regulatory
Consolidated Vending plc
("CV")
New Distribution Agreement with Felix Group plc
27 February 2007
Consolidated Vending plc ("CV") announces it has signed a distribution agreement
with Felix Group plc ("Felix"), the company that has developed the MAX BOX, a
multi-function digital retail ATM machine with a range of additional consumer
services.
CV and Felix will work together to market and find new sites to deploy all three
models of Felix's MAX BOX machines.
Andrew Coll, CEO, Consolidated Vending plc said:
"We are delighted to be working with Felix. We view the MAX BOX product as a new
fantastic customer proposition, one we firmly believe can benefit our own
existing customers whilst at the same time, providing our dedicated sales
professionals with a highly innovative portfolio product."
Commenting, Andy Egan , Chief Executive, Felix Group plc said:
"I am delighted to have secured this agreement with Consolidated Vending. Along
with our other sector specific distributors we now have some of the best
industry experts advocating and selling our products across a broad range of
leisure and retail sectors. Our distributors complement our own small sales team
and they can, I am sure, lever their own existing leisure and retail sector
relationships to help site quantities of our hardware, allowing us to focus on
our own core marketing strengths. These agreements see our sales capabilities
expand nationally".
- Ends -
ENQUIRIES TO:
Consolidated Vending plc 01494 754262
Andrew Coll
andrew.coll@cv-plc.co.uk
SVS Securities plc 020 7638 5600
Ian Callaway
Peter Manfield
ARM Corporate Finance Limited 020 7512 0191
Nick Harriss
About Consolidated Vending plc:
Consolidated Vending plc operates over 1,000 vending machines throughout the UK
including photobooths, purified water, toiletries and kiddie rides. CV is a
British company recently listed on the London Stock Exchange's AIM market. Our
business model is simple but effective: enabling site owners to profit from
under-utilised space by providing relevant vending services to their customers,
supported by our nationwide team of service engineers. For further information,
please visit
www.cv-plc.co.uk
About Felix Group plc (Reuters FLX.L; Bloomberg FLX LN):
Felix Group's ordinary shares were admitted to trading on AIM on 8 March 2004.
Felix Group initially developed a new form of sales promotion through a direct
consumer interactive medium called Everyone's A Winner. Felix has now combined
this retail innovation with a traditional ATM machine and included a (growing)
range of digital consumer services (photo processing, mobile top-up and content
and music downloads) to form MAX BOX, a kiosk designed to dispense cash, vend
sales promotions and provide additional consumer services.
www.felixgroupplc.com
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