CTGP Cartucho

RNS Number:2502M
Cartucho Group Ltd
17 November 2006


Press Release                                                   17 November 2006

                             Cartucho Group Limited

                         ("Cartucho" or "the Company")

                                 Trading Update

                              Directorate Changes


Further to its statement made on 12 October 2006 Cartucho, a developer and
manufacturer of ink refill kiosks, is pleased to announce the recommencement of
installations with the Company's major customer in the Unites States.

The remainder of the roll-out will take place during 2007, but to confirm its
continued commitment to Cartucho, the Company's major US customer has approved
commissioning of 31 kiosks, which have been successfully installed over the last
two weeks with a further 12 planned for commissioning before the end of the
2006.   Both parties remain committed to the completion of the full contractual
kiosk roll-out during 2007 subject to a sustained improvement in the average
refill rates of installed kiosks over a reasonable time period, certain upgrades
being completed and the implementation of a new service and support model being
operated in all new markets.

The Company is also pleased to announce that the improvements to service and
support levels have started to have an impact and whilst there is still much to
be done across the entire portfolio of installed markets, in 5 regions there has
been a marked improvement in service levels and customer satisfaction.  A
preventative maintenance program has been established which will enable upgrades
and component improvements to be made to all kiosks in a time frame and manner
agreeable to both parties.

To ensure that these improvements continue Mr. David Scanlan, one of the
original founders who developed the concept of retail kiosk refilling, has been
appointed as CEO of the Company's US subsidiary. Mr. Scanlan brings a wealth of
hands-on experience related to ink refilling, particularly in the in-store
retail environment, and he will take immediate responsibility for installations,
training, field engineering maintenance and customer support activities.

The Company reports that the levels of average refill rates have remained
relatively steady over the previous five weeks although last week saw a record
average refill rate. As the Company's major customer enters its busiest time of
the year, the Company expects to see growth in these rates increase.

The Company continues to operate within its banking facilities which it keeps
under close review.

Directorate Changes

The Board of the Company announces today Mr. Chris Dietemann has stepped down as
a director.  Mr Dietemann will continue in his operational role and remains
responsible for all manufacturing and supply chain activities both in Europe and
the United States.  The Board is actively looking for a further non-executive
and shareholders will be appraised of progress on this in due course.



                                    - Ends -

For further information:
 Cartucho Group Limited
 Roger Pellew, Chief Executive                        Tel:  +44 (0) 7725 860 528

Media enquiries:
 Abchurch
 Chris Lane                                            Tel: +44 (0) 20 7398 7700
 chris.lane@abchurch-group.com                            www.abchurch-group.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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