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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Retec | LSE:RET | London | Ordinary Share | GB00B05KXB62 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.35 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
June 25, 2008 Retec Digital PLC ("Retec") Partnership with NCR to Provide Guided Selling Kiosks Self-service solution enables consumers to make more satisfying, informed product choices LONDON -Retec Digital Plc (AIM: RET.L) announces an agreement with NCR Corporation (NYSE: NCR) to provide a self-service guided selling solution, including software from Retec and kiosks from NCR. Retec and NCR will also offer business store consultancy to ensure optimal placement of the kiosks in-store to drive usage, as well as deployment and maintenance services. The NCR and Retec Digital partnership has already attracted interest from several leading UK retailers who are keen to trial the combined solution. Guided selling kiosks are invaluable in assisting shoppers with purchasing decisions by providing clear and consistent product details and comparison data. They free up staff time to enhance customer services elsewhere instore and can be used to up-sell and cross-sell products, increasing revenues for the retailer. Alessandro Santalucia, NCR's director of Indirect Sales for Retail Solutions in Europe, commented, "Retec Digital is an exciting company, and their innovative software solutions play an important role in expanding NCR's self-service kiosk portfolio. Beyond this exciting opportunity to provide a best-in-class guided selling kiosk solution, we also value the opportunity this partnership presents to further develop the self-service market in the UK and elsewhere in Europe." Consumers see self-service solutions as offering better service for many different transactions. Large inventories, a high degree of reliance on part-time workers, and staff turnover can make it difficult to ensure experts are readily available in store to help customers. Kiosks, in contrast, present accurate information consistently in a compelling multimedia format. Guided selling kiosks are particularly useful in the consumer electronics segment, where product choices and feature combinations can be overwhelming. For example, they can also be used to enable shoppers to sample digital content - such as music, DVDs and games - prior to purchase, or to provide advice on the best wines to accompany particular foods. John Cole, chief executive officer of Retec Digital, said, "We are delighted to have this agreement with NCR. It is a major step forward for Retec and will make a significant difference to our business." Cole continues, "We have been incredibly successful in the UK with our products, having major contracts with Sainsbury's and Tesco, amongst others. This partnership will enable us to expand our business in the UK in conjunction with NCR." The Retec Digital software will be made available on the compact and reliable NCR EasyPoint(tm) 42 and NCR EasyPoint Advantage kiosks. Intuitive to use, the kiosks can be configured with a range of processing, printing, mounting and peripheral options. For further information please contact: Retec Digital PLC 01455 222260 John Cole, Chief Executive Charles McKay, Finance Director Hogarth Partnership Ltd 020 7357 9477 Fiona Noblet / Ian Payne Charles Stanley Securities Mark Taylor 020 7149 6000 About Retec Digital Retec Digital PLC provides retailers with Guided Selling packages designed to engage customers and increase sales. It already has systems installed in major retail chains including Sainsbury's, WH Smith, Tesco, Alliance Boots and Argos. Flexible and versatile, Retec's solution can offer a mixture of advanced products within its range. About NCR Corporation NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR's assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, gaming and public sector organizations in more than 100 countries. NCR (www.ncr.com) is headquartered in Dayton, Ohio. # # # NCR is a trademark of NCR Corporation in the United States and other countries. END
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