Cartridge World Announces Organizational Changes to Support Rapid Growth

World's Fastest Growing Ink Refilling Retailer Relocates Headquarters,

Restructures Key Executives

Oct 10, 2006, 01:00 ET from Cartridge World

    EMERYVILLE, Calif., Oct. 10 /PRNewswire/ -- Cartridge World, the
 world's fastest growing ink refilling retailer in the $80 billion printer
 cartridge industry, has announced today a series of organizational changes
 designed to strengthen its overall growth.
     In order to provide a greater network of support and to more closely
 manage its worldwide operations, Cartridge World will be relocating its
 headquarters from Norwood, South Australia to Emeryville, California, the
 current home of Cartridge World North America. Cartridge World currently
 has more than 1,300 franchised retail locations open in 36 countries. There
 are several hundred more Cartridge World stores under construction around
 the world.
     "Moving our worldwide headquarters to the U.S. will be a great benefit
 to our entire franchise system," said Burt Yarkin, CEO of Cartridge World.
 "We have invested millions in our infrastructure, including our newly
 completed 8,000 square foot training center in Emeryville, and increased
 our corporate staff significantly in the past year to support our continued
     Along with the announcement, several key executives have been
 reorganized internally. Burt Yarkin, CEO of Cartridge World North America,
 John Dring, COO of Cartridge World North America, and Steve Yeffa, CFO of
 Cartridge World North America, will now become CEO, COO, and CFO of the
 entire Cartridge World organization. Paul Wheeler, Cartridge World
 co-founder remains Chairman of Cartridge World.
     In addition, Cartridge World named three new Directors. Jonathan Cullen
 was recently appointed as Managing Director of the UK. Cullen was most
 recently the National Franchise Director with Martin and Co, a property
 lettings and management company.
     Mike Fuller has also been named Managing Director of Asia/Pacific,
 Middle East & South Africa. Fuller previously was the company's CEO of
 Franchise Development.
     Duncan Berry makes the move from General Manager of Cartridge World UK
 to Director of Franchising for Europe. Berry has been with Cartridge World
 since 2002 and has been responsible for the continued development of the
 franchise system in Europe.
     Cartridge World, which opened its first franchise location in Adelaide,
 Australia in 1997, is the first retail cartridge refilling concept to take
 on manufacturing giants such as HP, Lexmark and Canon while offering
 cost-saving solutions for consumers and businesses on the traditionally
 inflated costs of printer cartridges.
     The company provides consumers and small to mid-sized businesses with a
 retail cartridge refilling service that allows customers to refill their
 ink and toner printer cartridges with as much ease as they refill the gas
 tanks of their cars. Customers can bring their empty name-brand ink and
 toner cartridges into Cartridge World locations and purchase ones already
 refilled. The refill process is quick and offers a 100 percent money-back
 guarantee on quality. At the same time, it offers up to a 50 percent
 savings and helps the environment by keeping used cartridges out of
 landfills. Cartridge World estimates that it will keep over fifteen million
 cartridges out of landfills this year.
     About Cartridge World
     Cartridge World, founded in Australia in 1997, is the world's fastest
 growing ink refilling retailer in the $80 billion printer cartridge
 industry. The company refills ink and laser cartridges, fax machines and
 photocopiers with top quality, brand-specific ink and toners; at the same
 time offers consumers and businesses up to a 50 percent savings, a money
 back service guarantee and helps the environment by keeping used cartridges
 out of landfills. Voted #1 in the category of toner replacement services by
 Entrepreneur Magazine Franchise 500, Cartridge World has more than 1,300
 franchised retail locations in 36 countries. Emeryville, CA-based Cartridge
 World North America was founded in 2003. There are currently more than 470
 locations open in the United States with 600 locations expected by the end
 of 2006. For more information, call (888) 99-REFILL or visit .

SOURCE Cartridge World