CTGP Cartucho

RNS Number:9202A
Cartucho Group Ltd
04 April 2006


Press Release                                                       4 April 2006


                             Cartucho Group Limited

                          ("Cartucho" or "the Group")


          Cartucho signs agreement with NIS to support US deployments


Cartucho Group Limited, a growing developer and manufacturer of ink refill
kiosks, is pleased to announce that it has signed an agreement with National
In-Store (NIS) to support the deployments of the Group's ink refill kiosks in
the United States and Canada. Under the agreement NIS will provide nationwide
training, installation and ongoing customer services to operators of Cartucho's
ink refill kiosks. Service and support calls will be handled by the NIS call
centre in Sarasota, Florida, U.S.A. Inventory management and distribution of
consumables and of spare parts will also be handled by NIS's ISO certified
fulfilment facility in Sarasota.


NIS is a leading retail resources provider that serves the largest and well
recognised consumer product companies and retailers in the United States. NIS is
the fastest-growing U.S. retail resources provider, serving more than three
million retail sites annually with more than 10,000 field associates. NIS offers
a wide range of merchandising, sales training, ISO certified fulfilment, quality
assurance and technical services. Headquartered in Sarasota, Florida, NIS
maintains offices throughout North America, Europe and Asia-Pacific and is part
of Omnicom Group, Inc.'s Radiate Retail Group.


The Company is also pleased to report that it continues on course with its
stated objectives at the time of flotation. At Admission, Cartucho had deployed
49 kiosks in the United States with a contract to rollout a further 914 kiosks.
Performance of the installed machines has been encouraging. As planned, since
flotation, the Company has been concentrating on its volume manufacturing in
order to fulfil the rollout. The preparations for volume manufacturing are well
progressed, with the next tranche of 83 machines under the roll-out expected to
be installed by end of April 2006 and the roll-out expected, as planned, to
continue through third calendar quarter 2006


The Company continues to pursue negotiations with additional retailers, both in
the US and other jurisdictions and is pleased with progress on this front.


Commenting on the agreement with NIS, Mike Willcocks, Chief Executive of
Cartucho Group, said, "This agreement with NIS is fundamental in supporting our
ambitions in the Untied States and will ensure that we are able to provide our
customers with high levels of training and after sales services.


"We are pleased with the progress that has been made regarding the roll-out of
our kiosks in the United States. Since flotation, the establishment of volume
manufacturing of our kiosks has been a priority and we are progressing towards
reaching our deployment target of 50 machines per week."


                                    - Ends -

For further information:

Cartucho Group Limited
Mike Willcocks, Chief Executive                      Tel: +44 (0) 799 0505 999
mikewillcocks@cegmail.com

Collins Stewart Limited
Stephen Keys, Corporate Finance                      Tel: +44 (0) 20 7523 8312
skeys@collins-stewart.com                            www.collins-stewart.com
                                                      

Media enquiries:

Abchurch
Heather Salmond / Franziska Bohnke                   Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com                   www.abchurch-group.com



About Cartucho Group Limited


Cartucho is the holding company for a growing applied technology business
specialising in the design, sale and support of a system which refills printer
ink cartridges. With over 1.3 billion inkjet printer cartridges forecast* to be
sold this year, the founding shareholders recognised the opportunities that
exist for a system capable of refilling spent cartridges. The Group designs and
produces its ink refill kiosk (the "kiosk"), which is capable of refilling a
significant majority of popular inkjet printer cartridges on the market. The
Group's principal objective is to enter into revenue sharing agreements with
major retail chains which sell cartridges, with the kiosk providing an in-store
cartridge refilling solution. The Directors believe that the growing number of
smaller walk-in shops specialising in cartridge refilling has taken some market
share away from the larger office supplies retailers and that the kiosk offers a
means of partially reversing this trend. In September 2005, the Group signed an
agreement to supply the kiosk to OfficeMax, which, with nearly 1000 stores, is
the third largest office supplies retail chain in the United States.



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

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