Re Agreement with Cybervitrine SA
16 April 2008 - 12:39AM
UK Regulatory
Consolidated Vending plc
('Consolidated Vending' or 'the Company')
Consolidated Vending plc subsidiary, Snap Digital Imaging Ltd signs
Distribution Agreement with Cybervitrine SA
Snap Digital Imaging Ltd (Snap), the photobooth operating subsidiary of
Consolidated Vending Plc has signed a distribution and operating agreement with
Cybervitrine for its photobooth, the Fotopod. The agreement gives Snap the
exclusive right to sell and operate the Fotopod in the UK.
The Fotopod has been specifically designed for small spaces and to provide
access for all. Cybervitrine claims the Fotopod is the "world's smallest
photobooth" at 0.25m. With increasing demands to ensure access for all the
Fotopod provides a facility suitable for the widest range of disabilities.
Whilst it is not possible at this stage to quantify the possible effect of the
Cybervitrine Agreement on future revenues, the Directors believe that the
Agreement will provide Snap with a competitive edge in its product offering to
its customers.
Andrew Coll, CEO, Consolidated Vending plc said:
"We are delighted to be working with Cybervitrine. We view the Fotopod as an
ideal enhancement to our booth portfolio. Minimising space usage and providing
access for all are key factors in our market today and in the future and the
Fotopod brings genuine product differentiation and enhancement which will
benefit our customers and users alike."
Commenting, Philippe Barcelo, Directeur Generale, Cybervitrine SA said:
"I am delighted to have secured this agreement with Consolidated Vending. We
have had great success with the Fotopod in France with over 600 machines
operating nationally. We fully expect our relationship with Consolidated Vending
to provide similar success in the UK."
- Ends -
Andrew Coll
01494 513927
Chief Executive Officer
Nick Harriss
020 7512 0191
Blomfield Corporate Finance Ltd
About Consolidated Vending plc
Consolidated Vending plc (CV) operates and maintains around 1,000 vending
machines throughout the UK including photobooths and kiddie rides. CV is a
British company listed on the London Stock Exchange's AIM market. Our business
model is simple but effective: enabling site owners to profit from under-
utilised space by providing relevant vending services to their customers,
supported by our nationwide team of service engineers. For further information,
please visit www.cv-plc.co.uk
About Cybervitrine SA
Cybervitrine SA is a privately owned French company. Cybervitrine employs
approximately 45 people, mainly based in the factory and R & D department near
Tours along the famous Loire Valley. They have sold and installed more than 600
photobooths in France since 2005.
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