TIME Time Finance Plc

Timestrip PLC
09 April 2008


TIME.L

                  Timestrip plc ('Timestrip' or 'the Company')


                 3663 to stock the Timestrip foodsafety system


Timestrip Plc is pleased to announce that 3663 First for Foodservice, the UK's
leading foodservice distributor, is now stocking and distributing the Timestrip
smart labeling system, part of the unique food safety labeling range offered to
customers throughout the UK.

Timestrips are patented disposable smart labels that monitor how long a product
has been open or how long it has been in use.  They can measure elapsed time
from minutes up to over a year.

Over recent months Timestrip Plc has been working with a number of contract
caterers who supply services to the UK care home and education sectors. These
trials have confirmed that Timestrip is a marked improvement to existing food
safety systems, which typically involve either hand-written labels or the
application of colour-coded labels. By contrast, there was no ambiguity over
product life with Timestrip, and labour time was significantly reduced. Moreover
Timestrip dramatically reduced levels of food waste and achieved net cost
savings in the kitchen by enabling staff to effectively apply "first in first
out" principles.

Caterplus Services Limited is the largest privately owned provider of catering
and hotel services to the care market and trialed the Timestrip system in a
number of key sites. Sales director Ian Clementson, commented: "We pride
ourselves on producing fresh meals every day on our client sites. We are always
looking for innovative products that we feel really benefit our clients and
their residents. We have rigorously trialed the Timestrip system over recent
months, having adopted it in a number of trial sites. We believe that Timestrip
complements our existing safety policies and can provide real benefit in further
assuring food safety. We plan to implement Timestrip across our portfolio of
care homes and educational establishments in the UK. Timestrip is a very
effective system that makes economical sense and helps us in our provision of
great and safe food to residents."

In response to the success of trials with large contract catering companies such
as Caterplus Services, 3663 will list a full range of Timestrips with dispensing
system, providing nationwide availability not just for health and education
customers but also for hotels, restaurants and quick service restaurant chains.

Reuben Isbitsky Joint CEO, Timestrip Plc, comments: "The Food Standards Agency
(FSA) highlights the need for protecting the elderly and children from food
poisoning, and health and education managers recognise that such incidences can
be catastrophic for their reputations. We have been testing the Timestrip
proposition in this sector with leading companies such as Caterplus Services and
have now shown, through our customers' experiences, that Timestrip not only
enhances food safety but also provides a return on investment through the
savings generated by waste reduction. We believe that this dynamic proposition,
coupled with availability through 3663 will lead to widespread adoption in the
UK, and serve as a springboard for our international sales effort."


For more information, please contact:

Paul Freedman, Joint CEO, Timestrip plc                            01462 440 700
Shane Dolan, Biddicks                                              020 7448 1000
Fergus Marcroft, Evolution Securities                              020 7071 4300





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

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