Cashbox reports Texaco ATM deal

Source: Cashbox

Cashbox plc (AIM:CBOX), the independent ATM deployer and operator, announces that it has signed an agreement to be the preferred supplier of internal ATMs for the Texaco service station network whose brand rights are owned by Chevron Limited (NYSE:CVX).

There are around 1,100 Texaco-branded petrol service stations across the UK all of which are now independently owned or operated. Following a competitive selection process, Texaco has chosen Cashbox as an ATM partner with immediate effect.

The first promotional phase of the ATM programme to Texaco's retailer network has already commenced, initially involving 420 sites. Philip Minns, Category Manager UK & Ireland of Texaco, has recently attended retailer meetings across the UK and is actively promoting Cashbox as the ATM provider of choice for internal machines.

Commenting on the agreement, Phillip Minns said: "Being a Texaco-branded retailer does not mean just signing a fuel supply agreement with us, it means having access to a network of support and communication. This is our Bright Horizons strategy and we aim to form partnerships with like-minded, service-focussed companies. These partners will deliver added value to our retailers by providing first class products and services. As such we are pleased to recommend Cashbox as our preferred internal ATM provider."

Carl Thomas, Chief Executive of Cashbox plc, said: "We believe our free placement of ATMs not only delivers increased footfall to the petrol stations themselves but they increase customer retention and cash spend in the shop. Texaco is a nationally recognised name and this agreement will significantly enhance our country-wide network. There continues to be a significant and growing demand for convenient cash and this agreement forms just a part of our strong pipeline of future ATM installations."

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