CARTRIDGE WORLD ANNOUNCES EXPANSION INTO ASIA
Emeryville, CA ‘ Cartridge 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.
Company 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.
“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.”
The following Masters have been awarded for Asia:
- China ‘ Lloyd and Alex Goudge and Tang Bo
- India ‘The AFL Group ÔÇôMr. Naveen Rakhecha, CEO
- Vietnam ‘ Eckart Dutz and Tran Tinh Minh Triet
- Philippines ‘Bruce and Babylyn Newfield
- Malaysia ‘ Mr. Wong and Helen Tiong
- Indonesia ‘Judi Leonardi
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.
ÔÇ£Cartridge World is an example of a perfect retail model that is able to cross cultures,ÔÇØ Yarkin added. ÔÇ£There are billions of printers and office equipment around the worldÔÇöall 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.ÔÇØ
Cartridge 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.
About Cartridge World
Cartridge World, founded in Australia in 1997, is the worldÔÇÖs 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. For more information, call (888) 99-REFILL or visit www.cartridgeworldusa.com.