EMERYVILLE, Calif., March 29 /PRNewswire/ -- Cartridge World, the world's
fastest growing ink refilling retailer in the $60 billion printer cartridge
industry, has announced it has acquired the Master franchise for the UK and
France in efforts to consolidate the company's worldwide operations in the
United States. Currently, Cartridge World has 300 stores open in the UK and
65 in France.
"This friendly acquisition will give us an opportunity to more closely
manage our Cartridge World locations throughout Europe," said Burt Yarkin, CEO
of Cartridge World North America. "Both these markets will continue to grow
rapidly and our consolidation will help to further strengthen the Cartridge
World brand internationally."
In addition to locations in the UK and France, Cartridge World also has
operating stores in most parts of Europe including Austria, Belgium, Germany,
Greece, Italy, Poland, Portugal, Ireland, and Spain.
As part of Cartridge World's tremendous growth internationally, the
company also recently awarded the Master franchise rights to the Caribbean to
Dr. Jose Vazquez, which encompasses 26 countries. Vazquez, who has been a
multi-unit franchise owner with Subway for the past 10 years in Puerto Rico,
will be opening the first Cartridge World location in Puerto Rico this June.
Vazquez has plans to open a total of four to six stores by 2007 and a total of
30 locations throughout the Caribbean by 2011.
"We are excited to welcome Jose to the team and look forward to utilizing
his experience and knowledge of franchising to increase Cartridge World's
visibility throughout the Caribbean," added Yarkin.
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
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. More importantly, customers receive up to a 50 percent savings, a
money-back service guarantee on all refilled cartridges and are helping the
environment at the same time. Cartridge World estimates that it will keep
nine 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 $60 billion printer cartridge industry.
The company refills empty ink cartridges for inkjet printers, laser printers,
fax machines and photocopiers with top quality, brand-specific ink and toners;
at the same time they offer 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 1,100 franchised retail locations in 27 countries. Emeryville,
CA-based Cartridge World North America was founded in 2003. There are
currently more than 375 locations open in the United States with 500 locations
expected by summer of 2006. For more information, call (866) 4-RELOAD or
visit http://www.cartridgeworldusa.com .
SOURCE Cartridge World