Provenco enters UK market

Media release 7 March 2007
Provenco enters UK market

Listed technology company Provenco (NZX: PVO) is entering the United Kingdom market through a local reseller agreement, allowing it to extend its global expertise in oil industry forecourt technology across the UK and greater Europe.

Provenco is partnering with UK company Indigo Retail Holdings to assist its growth in the region. Indigo, a supplier of retail management solutions to the petroleum, convenience, pharmacy and hospitality markets, will operate as both a reseller and local agent for Provenco’s products.

Chief executive David Ritchie says the expansion into the region is an important step for Provenco.

“Presence in the UK allows excellent access, not only to the UK but to greater Europe. These regions present good growth prospects and establishing a formal presence on the ground is an important step. It also provides a base for our staff working with oil industry customers across the region,” says Mr Ritchie.

“Our approach in markets which we’ve entered around the world is to select a local partner to work with and then combine their market knowledge and local reputation with our products, IP and international expertise.

“Indigo has established a strong reputation since its launch in 2005. Indigo’s values are in line with Provenco’s – sound customer relationships built on extensive industry knowledge and support services,” says Mr Ritchie.

Provenco’s retail automation business has developed a reputation internationally for its specialist expertise in creating, developing and delivering end to end petrol station technology, particularly outdoor payment systems.

The company rolled out the first major implementation in the world of fully integrated EMV-compliant (smart card) pay at the pump technology. The company has since installed over 12,000 EMV-compliant outdoor payment terminals in Malaysia, Hong Kong, India, Kuwait, Belgium and New Zealand.

“Following our success with Shell in Malaysia, we are now working with Shell in Europe. As well as providing access to new business opportunities, our presence in the UK will also provide valuable assistance for existing clients like Shell,” says Mr Ritchie.

“Over 6,000 service stations in 23 countries use Provenco solutions. We’re pleased to be building on this with our move into the UK and are delighted to partner with a company of Indigo’s reputation. For us, the UK market will be a key focus in the years to come.”

ends
For further information:
David Ritchie, Chief Executive Officer, Provenco, +64(0)21 220 9560
Gabrielle Domett, Marketing Communications Manager, Provenco, +64(0)21 574 154

About Provenco
Provenco is a New Zealand-founded technology company operating globally with customers in 23 countries. Listed on the New Zealand stock exchange (NZX: PVO), the company has a number of international offices including those in United Kingdom, Beijing, Kuala Lumpur, Singapore, Melbourne, Sydney and Brisbane.

After more than 30 years on the technology scene, Provenco has evolved into a sound and diverse company. With a heritage in EFTPOS and payment solutions, Provenco’s business now extends across a range of technology applications for the retail environment.

The company’s growing diversity is reflected in each of the key areas of its operations today – providing forecourt solutions for the international retail oil industry; EFTPOS payment and retail technology in the domestic New Zealand market; and distribution of retail, barcoding and mobile & wireless technology in Asia Pacific.

Provenco’s tailored solutions for retail business environments use a combination of internally-developed software and hardware, as well as top international brands.

For more information, visit www.provenco.com

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