CashGuard AB: CashGuard enhances presence in Swedish market

CashGuard AB: CashGuard enhances presence in Swedish marketCashGuard and RBS (Retail Business System AB) have entered into a cooperative agreement. As of today's date, RBS will serve as a complementary partner for sales and service of CashGuard's cash-handling system for the specialist retailers in Sweden. With RBS's strong market presence, CashGuard will increase the exposure of its products and services. "The cooperation with CashGuard will expand our offering, which we believe will become highly attractive in the Swedish specialist retail sector. The offering extends from checkout solutions to central Head Office solutions, whereby we assist customers by providing advice, operation start up and business development," says Thomas Nordqvist, President and Chief Executive Officer of RBS. "We believe that holding a strong position in our domestic market is essential and, through the agreement with RBS, we will be able to increase our presence and strengthen our position in Sweden. We look forward to a successful and long-term cooperation with RBS," says Ove Wedsjö, President and Chief Executive Officer of CashGuard. For further information, please contact:Ove Wedsjö, Managing Director and Chief Executive Officer, CashGuard AB (publ); Tel: +46-8-732 22 36, ove.wedsjo@cashguard.se Thomas Nordqvist, Managing Director and Chief Executive Officer, RBS, tel +46-176-745 05, t.nordqvist@rbs.se Facts about CashGuard AB (publ)CashGuard develops and sells products and services for secure and fully automatic cash handling and cash logistics. Via direct sales and distribution partners, CashGuard focuses on retail companies, post offices and banks, as well as on security companies. The CashGuard Group has approximately 170 employees and had sales of SEK 214 million in 2005. CashGuard shares are listed on the Stockholm Stock Exchange. Facts about RBSRetail Business System AB (RBS) Retail Business System AB (RBS) has been developing and marketing store IT solutions since 1986. RBS develops checkout applications, local back-office solutions and central solutions for the control of retail chains. The services offered also include rollouts and installations, training courses, after-market services and consulting services in the field of financial control and CRM. RBS currently has approximately 90 employees at offices in Norrtälje and Västerås. Its customer list comprises 3,000 stores throughout Sweden.Attachment: Press release (PDF)Text version / Internet version / Print / Close