Cartridge World 'Inks' Acquisition of Master Franchise in UK and France, Awards Master Franchise in the Caribbean World's Fastest Growing Ink Refilling Retailer Consolidates Worldwide

Operations



    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
 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.  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

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