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For Immediate Release
Media and Analysts contacts:
John French
Carttronics, LLC--619-696-5133
john.french@carttronics.com
Ronald Margulis
RAM Communications--908.232.3230
ron@rampr.com
Unique Solution for Shopping Cart
Fleet Management To Be Launched by Carttronics
CHICAGO May 7, 2000: Having delivered a cost-effective solution
to shopping cart losses with its CAPS technology, Carttronics, L.L.C.
announced at the Food Marketing Institutes Annual Supermarket
Convention that it will expand its service offering to include Total
Cart Management, a turnkey management of company-owned cart fleets.
The new service will enable retailers to concentrate on their core
competencies of managing the consumer interface by transferring
the responsibility of cart purchasing, maintenance and repair to
Carttronics.
Total Cart Management will help the retailers bottom line
by delivering the operational benefits of the elimination of shopping
cart purchasing and repairs and the reduction of store labor devoted
to cart retrieval, and the financial benefits of improved customer
satisfaction and increased sales. The system will be supported financially
by a combination of retailer and vendor funds, with the net amount
giving the retailer a significant dollar savings.
"Total Cart Management will revolutionize the way retailers
think about the shopping cart, converting the exasperation they
currently have in trying to deal with the $800 million problem into
a hands-off profit center. After more than a generation of throwing
money at the challenge of shopping cart control, retailers will
have the opportunity actually see some of that money returned to
them," explained John French, CEO of Carttronics.
French expects to trial the Total Cart Management systems at a
leading retailer this summer, and further anticipates full chain
rollouts of the system by 2001.
Based in San Diego, Carttronics, L.L.C. is the manufacturer of
CAPS® (Cart Anti-theft Protection System), a proprietary electronic
system to stop the removal of shopping carts from retail sites.
Carttronics was founded in April 1997 to bring the product to the
market, and began commercial sales in July 1998. Since the commencement
of sales, Carttronics has secured as customers many of the premier
retail chains in North America, including Safeway, Kroger and
Albertsons, and has initiated international sales in
Canada, the U.K. and The Netherlands. Additional information can
be found at www.carttronics.com.
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