In October, French tobacconists were able to study CashGuard products at the company's stand at a tobacco fair in Paris, where CashGuard shared a display with Devlyx and five other suppliers under a joint concept. Devlyx is a French company founded in 1992. The company sells systems and solutions for retail checkouts. The company's customers are mainly found among tobacconists and newsagents/book stores. In France, there are approximately 18,000 tobacconists and book stores. With these slightly smaller stores in mind, CashGuard has developed a really attractively priced system in order to also be able to reach such smaller activities. The first agreements with tobacconists were signed today, thus ensuring that they will have their systems installed in time for the Christmas rush."This is a step in our international expansion that we have been looking forward to and a first result of our focused work in France. The pilot as such is not large, but we believe that Devlyx offers considerable potential as a customer and as a business partner," says Agne Pettersson, CashGuard's Chief Executive Officer. For further information, please contact: Agne Pettersson, Chief Executive Officer, CashGuard AB (publ), Tel: +46-8-732 22 00, agne.pettersson@cashguard.com Facts about CashGuard AB (publ) CashGuard develops and sells products and services for secure and fully automatic cash handling and cash logistics. Via direct sales and distribution partners, CashGuard focuses on retail companies, post offices and banks, as well as on security companies. The CashGuard Group has approximately 190 employees and had sales of SEK 323 million in 2006. CashGuard shares are listed on the Stockholm Stock Exchange.
CashGuard AB: CashGuard achieves rapid breakthrough among tobacconists in France
| Source: Cash Guard AB