OSLO/BRUSSELS, August 2009 – Lindbak Retail Systems AS, a leading retail software house and systems integrator, announces today that it has been named a TOSHIBA TEC Business Partner for Norway, Sweden, Denmark, Iceland and Finland.

This relationship will allow Lindbak to offer its retail clients a wider array of in-store EPOS hardware as well as innovative Electronic Shelf Labels (ESL) for the Nordic markets.

TOSHIBA TEC and Lindbak stated their intention to cooperate on building a Best Practice software platform based on TOSHIBA TEC’s storeMate’s retail software suite and Lindbak Retail Solutions, both modelled on Microsoft .NET framework.

Under the arrangement, the existing distribution agreement with Bedege in Sweden remains unchanged.

Lindbak Retail Systems CEO Inge Eilertsen said: “Today’s retailer can no longer compete on price alone. In order to sustain and improve profitability in Scandinavia’s competitive retail markets, retailers need to differentiate themselves from other stores and strengthen customer loyalty to increase overall sales. That is why we allied ourselves with TOSHIBA TEC. Their innovative product portfolio combined with our retail applications and know-how suits retailers in the Nordic countries in the best possible way.”

“TOSHIBA TEC’s sustainable technology successfully operates in a fiercely competitive retail environment. Our EPOS hardware is packed with the power to streamline business processes and maximise productivity.

“With over six million EPOS systems manufactured, we are the only retail vendors that have total in-house control of our EPOS product lifecycle – from design, manufacturing, servicing to recycling. We are very proud that Lindbak will represent TOSHIBA TEC as strategic business partner in the Nordic countries,” Masamichi Kusunoki, CEO and President TOSHIBA TEC Europe said.

With this reseller partnership in place, Lindbak will benefit significantly from expanded distribution opportunities and a proven technology partner that understands how to successfully bring new EPOS and retail technologies such as ESL to market.

About TOSHIBA TEC Europe

TOSHIBA TEC Europe (TERIS) manages product planning, marketing, sales, service support and distribution of point of sale systems, cash registers, scales, barcode printers, peripherals and software information systems throughout Europe, the Middle East and Africa. As a total solution provider, TOSHIBA TEC Europe offers a complete package from consulting and system design to system installation, operation and maintenance.
Headquartered in Brussels, Belgium TERIS has three divisions: the Retail division; the Auto ID division and the Services division.
TOSHIBA TEC is an independent operating company of Toshiba Corporation, the seventh largest electronics/electrical equipment company and the world's 91st largest company in terms of sales. Ranked by Fortune magazine as the eighth Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2008 was approximately $67.9 billion.
For more information on TOSHIBA TEC point of sale systems, cash registers, scales, barcode printers, peripherals and software information systems, or for a dealer in your area, call +32 2 410 2100 or visit the TERIS web site at www.toshibatec-eu.com.

About Lindbak Retail Retail Systems AS

Lindbak Retail Systems AS (www.lindbakretail.com) is a wholly owned subsidiary of the Lindbak Group and has more than 3000 installations in Norway, Sweden, Denmark and Finland. The company delivers innovative, complete and integrated control and information systems for stores and specialised retail chains and meets the total needs of store chains, regional head offices, department stores and individual shops in many segments.

The reference lists includes MQ, Gina Tricot, Scorett, Filippa K, Levis, Time, Nära dej, coops in Bohuslän-Älvsborg, Gävleborg, Oskarshamn, Malmfältet and Värmland in Sweden, Coop Norway, Europris, G-Sport, Intersport, 7-Eleven DK, Nille, Europris, Hansen & Dysvik, Sport 1, Tusenfryd, Dyreparken, Ultimo Outdoor, Beneton, Oasis, XXL and Gant in Norway.

The company reported annual sales in 2008 of NOK 158.2 M (18.2 M EUR), with operating profit of NOK 11.3 M (1.3 M EUR), with 120 employees at offices in Oslo, Stavanger, Bergen and Trondheim, Norway and in Stockholm, Gothenburg and Bollnäs Sweden.

For media enquiries please contact:

TOSHIBA TEC Europe Retail Information Systems - Headquarters
Rue de la Célidée, 33
BE-1080 Brussels
Belgium
Contact: Mr Eric Dauchy
European PR Manager
Tel: +32 2 410 21 00
Fax: +32 2 410 79 87
E-mail: edauchy@toshibatec-eu.com.

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