Franchise News Release: Emeryville, CA - (Aug-16-2006)


Cartridge World Announces Expansion Into Asia


artridge World, the world’s fastest growing ink cartridge refill Franchise concept, has announced its expansion plans for Asia.  The company has inked deals with Master Franchisors for India, China, the Philippines, Vietnam, and Malaysia and will begin opening stores in some countries by September 2006.  nbsp;

font face="Verdana">ompany projections call for 500 locations throughout China and India and an additional 100 throughout the Philippines, Vietnam, and Malaysia by 2011. With the growing need for ink and toner cartridges throughout Asia, Cartridge World aims to meet the demand for low cost, high-quality ink throughout international markets.nbsp;

font face="Verdana">ldquo;With more than 1,300 stores across 36 countries, it is clear that consumers and businesses have an appreciation for alternatives to expensive ink and toner cartridges,” said Burt Yarkin, CEO of Cartridge World North America.  “Having grown to nearly 440 stores in three years, the quick success of Cartridge World throughout the United States proves that the company is ready to expand into the Asian markets.”  nbsp;

span style="line-height: 150%">font face="Verdana">The following Masters have been awarded for Asia:

  • font face="Verdana">font class="ft12">China – Lloyd and Alex Goudge and Tang Bo
  • font face="Verdana">font class="ft12">India – The AFL Group –Mr. Naveen Rakhecha, CEO
  • font face="Verdana">font class="ft12">Vietnam – Eckart Dutz and Tran Tinh Minh Triet
  • font face="Verdana">font class="ft12">Philippines – Bruce and Babylyn Newfield
  • font face="Verdana">font class="ft12">Malaysia – Mr. Wong and Helen Tiong
  • font face="Verdana">font class="ft12">Indonesia – Judi Leonardi

span style="line-height: 150%">font face="Verdana">Cartridge World refills empty ink and toner cartridges for inkjet printers, laser printers, fax machines and photocopiers with top quality, brand-specific ink and toner and at the same time offers 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.  

span style="line-height: 150%">font face="Verdana">“Cartridge World is an example of a perfect retail model that is able to cross cultures,” Yarkin added.  “There are billions of printers and office equipment around the world—all will eventually need replacement ink and toner.  We offer entrepreneurs a proven business model that has international brand awareness.  For consumers and businesses, Cartridge World offers a safe, less expensive option for their increasing ink and toner needs.”

font face="Verdana">nbsp;artridge World will also be expanding into the countries of Nepal, Sri Lanka, Bangladesh, the Maldives, and Bhutan under the direction of India.  The company is also seeking Master Franchisees for Japan, Thailand, Southern China, and Taiwan.

strong>bout Cartridge World

span style="line-height: 150%">font face="Verdana">Cartridge World, founded in Australia in 1997, is the world’s fastest growing ink refill retailer in the $80 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 and at the same time offers 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 1,300 franchised retail locations in 36 countries.  Emeryville, CA-based Cartridge World North America was founded in 2003.  There are currently more than 440 locations open in the United States with 600 locations expected by the end of 2006.



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Cartridge World is the first, largest, and fastest growing retailer in the industry! The cartridge industry is booming as more consumers and small business learn of the tremendous benefits our service offers:low initial investment and easy-to-run operations
 
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