Cashbox talks up progress at AGM

Source: Cashbox

At the Company's AGM to be held later today, Anthony Sharp, Chairman, will make the following statement to shareholders:

"I am pleased to announce that your company has made good progress since we announced the year end results. Further agreements have been signed with Novus Leisure and Booker and, through our many partnership agreements, Cashbox now has over 29,000 sites in the pipeline where we can assess the viability of installing an ATM machine, many of those on an exclusive basis.

"Our key performance indicators continue to be extremely impressive with 98.4% of the machines in our estate being open for business and 96.7% trading at above breakeven. This is further vindication of Cashbox's placement model, the rigorous assessments that take place before any machine is installed and the outstanding levels of customer service that our team provides 24 hours a day, 7 days a week, 365 days a year.

"I am also pleased to announce the appointment of Andy Wilmott, our technical director, to the Board of Directors in recognition of the contribution Andy has made to the Company. Also, in view of the ongoing growth of the Company an operating board has been created and is represented by directors from each area of the business.

"The sales team is divided into two parts with our Field Sales Director Neil Hawley managing a team of people who are signing individual contracts on a daily basis. Dom West, the Corporate Sales Director, is managing the corporate and commercial team who are signing businesses, such as the recent Novus Leisure and Booker contracts.

"Charles Hallett is leaving the company with immediate effect to pursue other interests. I would like to thank him for his contribution to the company and wish him well for the future.

"Lillian Agola, our Marketing Director, is focusing on the marketing strategy and the development of the Cashbox brand. Daniel Gibbons, the Service Director, manages the installation and service team across the UK. Katie Hayes, Customer Services Director, manages our customer services department which includes our 24 hour helpdesk. Yvonne Hoggart, as Sales Support Director, controls with her team all aspects needed to process the orders coming into the business.

"I look forward to providing further updates in 2007, which I believe will prove to be a landmark year for your Company."

In keeping with the options granted to Robin Saunders at the time of Admission to AIM, the Company granted warrants of 500,000 ordinary shares on 12 December 2006, to both Stephen Brown and John Maples at an exercise price of 20p, being the closing price on 11 December 2006.

Andrew Duncan Wilmott is 31 years of age and has held no previous directorships.

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