Photo Kiosks -- contract news
Notice posted on Hemscott about Duane Reade not renewing the contract with Pixology. Pixology continues though to make inroads into U.S. market.
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Pixology PLC - Re Contract
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RNS Number:4910M
Pixology PLC
22 November 2006
Contract Update
Pixology plc, (LSE:PIX), the specialist in software and networks for digital
photography, today informs the market that, following commercial negotiations
with Duane Reade, it has been decided that the contract will not be renewed upon
expiry in Q1 2007.
Pixology currently provides in-store kiosks and online photo printing services
to Duane Reade Drugstores Inc. in New York City. The contract is worth
approximately £350,000 per annum.
Commenting on the announcement, Yuval Yashiv, CEO of Pixology, said: 'Pixology
continues to supply software to a number of leading US retailers. In addition,
two national retailers in the US are currently trialling our innovative in-store
Gift Kiosk concept and we hope to be in a position to announce the results of
these trials in the near future. Our reputation in the US continues to grow as a
result of these projects as well as our on-going activities with other US
customers. We therefore remain committed to developing our US presence further
as we go into 2007.'
Enquiries:
Sarah Gestetner/ Justin Griffiths
Citigate Dewe Rogerson 0207 638 9571
This information is provided by RNS
The company news service from the London Stock Exchange
END
Posted by staff at November 26, 2006 08:33 PM