TABY, Sweden, Oct. 8, 2002 (PRIMEZONE) -- Albrecht Nies, a REWE franchise partner in Germany, has ordered CashGuard's (Other OTC:CGUBF) (Stockholm:CASHb) new product concept for the Euro market. Two of his food stores in Germany will be installed at the beginning of 2003.
For further information, please contact:
Leif Nordqvist, President CashGuard tel: +46 (0)8-732 22 00 leif.nordqvist@cashguard.se Tim Jamison, Marketing Manager Europe CashGuard tel: +33 616 18 85 98 tim.jamison@cashguard.se
Facts about the REWE Group
Albrecht Nies, a REWE franchise partner, is part of the REWE Group, which has 11,500 food and retail stores and nearly 190,000 employees; REWE is one of Europe's largest retail chains. In 2001, the Group's trading segment had sales of EUR 31.5 billion. REWE has most of its stores in Germany, but also operates in such countries as Austria, France, Italy, Poland, Hungary and the Czech Republic.
Facts about CashGuard
CashGuard develops and markets an impenetrable system that makes cash handling at retail outlets, post offices and banks more effective. The CashGuard system provides users with information and control over flows of cash, while protecting against robbery and theft. CashGuard had sales of MSEK 101 in 2001. The company currently has about 55 employees and is expanding sharply. CashGuard has offices in Sweden, France and Germany. Its shares are listed on the Stockholmsborsen's Attract 40 list.
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