Cashbox will initially focus on providing the free ATM placement offer to P&H's 3,700 members of the ACE buying group.

Through its partnership agreements Cashbox now has over 29,000 sites where it can assess the viability of installing an ATM machine, many of those on an exclusive basis. The Company, which is purely focused on the UK market, carries out detailed research on each site before committing to installation to ensure that it meets the relevant criteria to achieve profitability.

The ATMs will be placed using Cashbox's Placement Model, whereby a convenience-fee ATM is placed with a retailer free of charge and replenished by them, eliminating the need for third party cash-handling costs. Each ATM is then treated as an individual entity, with Cashbox monitoring performance and ensuring that the retailer is fully trained and supported in its use.

Carl Thomas, Chief Executive of Cashbox plc, said: "We are delighted to be working with such a prestigious and successful organisation as Palmer & Harvey McLane. In particular, I am very excited about the pace that P&H want to see the ACE members benefit from our programme. This contract win is further evidence that Cashbox is fast becoming the UK's leading Independent ATM provider of choice."

Clive Hildyard, Trading Manager, of ACE, commented: "Throughout the negotiation process, we have been extremely impressed with Cashbox's professionalism. The level of marketing and technical support that they offer, and the fact that this deal involves absolutely no financial risk to ACE members made Cashbox the obvious choice. We look forward to what I am sure will prove to be a successful relationship."