Contract with ARVAL UK (7494J)

TIDMSNAK

RNS Number : 7494J

Snacktime PLC

05 July 2011

5 July 2011

SnackTime plc

("SnackTime" or "the Company")

Wins Major Cashless Vending Contract

SnackTime, the 4(th) largest vending company in the British Isles, is pleased to announce the sale and installation of a major cash/cashless combination vending system to ARVAL UK. ARVAL is the leading provider of fuel cards to the UK, employing over 1,000 staff in its Swindon and Birmingham offices. ARVAL required a vending provider which could supply high quality hot beverages, chilled cans and bottles, snacks, confectionery and chilled purified water to both its staff and visitors at each site. A significant prerequisite to awarding the 3 year contract was that the machines needed to be capable of dispensing drinks and confectionery by a variety of payment methods, including a cashless (card) payment system, cash and free vend.

The system, which has been installed, is expected to dispense approximately 750,000 drinks and snacks per annum, although it has the capacity to raise that figure to over 1,000,000, if necessary. The Birmingham site will be serviced by VMI and Simply Drinks is responsible for the Swindon HQ.

The contract is particularly significant because this is SnackTime's first major installation of a cash/cashless combination payment vending system as opposed to cash handling and smaller cashless sites which up until now have been SnackTime's prime focus.

Blair Jenkins, Chief Executive of SnackTime, commented:

"This is an important win for the Company. Until now, such large scale cash/cashless installations have been rare in the vending industry, but I expect that they are going to become a growing feature of the market, particularly in large office sites. I believe that we are very well placed to capture a significant share of this developing sector of our market."

For further information:

 
 SnackTime plc 
  Blair Jenkins, Chief Executive 
  Tim James, Finance Director       0118 977 3344 
 Arbuthnot Securities 
  Tom Griffiths                     020 7012 2000 
 Threadneedle Communications 
  Josh Royston / Terry Garrett      020 7653 9844

www.snacktimeuk.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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