New distribution deal brings growth for Provenco

15 May 2007

New distribution deal brings growth for Provenco subsidiary Vantex
in Australia

Provenco Group (NZX:PVO) subsidiary Vantex Technology Distribution is increasing its brand portfolio in Australia after being awarded distributor rights by IBM.

Under the agreement, which took effect on May 1, Vantex the largest distributor of point-of-sale equipment in Asia Pacific is now distributing IBM retail hardware to Australian resellers.

The equipment includes IBM branded touch screen terminals, point-of-sale terminals, printers and kiosks.

Provenco chief executive, David Ritchie, says the partnership further strengthens Vantex’s leadership in the Australian market.

“Vantex is the most experienced supplier of point-of-sale equipment in Asia Pacific and IBM is the premier worldwide supplier of point-of-sale systems. The combination of Vantex’s networks and IBM’s leading edge products is a win-win for both the companies and customers alike,” says Mr Ritchie.

The agreement represents good expansion opportunities, especially with Vantex’s reach across Australia from its Melbourne, Sydney and Brisbane bases. The new relationship allows IBM to connect with resellers not previously worked with, made possible through Vantex’s extensive networks.”

Managing director of Vantex Australia, Matt Maley, says Vantex has established a reputation for its leading brands and market expertise, and partnerships with companies like IBM reinforce this position with customers.

“IBM is the global leader in point-of-sale hardware technology and to promote that position needs highly effective distributors and distribution channels. Vantex can provide a successful formula to achieve this with our combined local knowledge, good networks and reliability.

“We are thrilled to now work with IBM and add its leading edge retail solutions to our Australian product portfolio,” says Mr Maley.
Mr Ritchie says this latest achievement for Vantex has again cemented its important position within the Provenco group and closely follows IBM’s appointment of Vantex New Zealand last year.

ends

About Vantex Technology Distribution Limited

Vantex Technology Distribution (Vantex) is wholly-owned by Provenco (NZX: PVO) and is Asia Pacific’s largest retail point of sale, barcoding and mobile & wireless distribution business with the most extensive AIDC hardware range on offer.

Vantex operates as a single business entity across the region and offers seamless service and delivery to all clients from bases in Melbourne, Sydney, Brisbane, Auckland, Christchurch, Kuala Lumpur and Singapore.

Established in 1987 Vantex is celebrating 20 years of service to the retail point of sale, mobile and wireless and barcoding industry.

For more information visit www.provenco.com or www.vantex.com.au

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 the United Kingdom, Beijing, Kuala Lumpur, 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

ENDS

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