Perth-based financial services technology company ThinkSmart Ltd will provide its RentSmart IT rental finance product to Coles Group's Officeworks and Harris Technology chains for the next three years under a new agreement.
Perth-based financial services technology company ThinkSmart Ltd will provide its RentSmart IT rental finance product to Coles Group's Officeworks and Harris Technology chains for the next three years under a new agreement.
The full text of a company announcement is pasted below
ThinkSmart Limited (ASX:TSM) today announced it has secured a new three year agreement with the Coles Group's Officeworks chain for the provision of its RentSmart I.T. rental finance product.
The agreement, which commences 1 July 2007, encompasses the Officeworks and Harris Technology brands.
"We are very pleased to further extend our ten year relationship with the Officeworks chain," said Ned Montarello, Managing Director & CEO of ThinkSmart Limited.
"This new agreement provides a solid platform for the continued growth of ThinkSmart's innovative finance solutions with the Officeworks chain."
ThinkSmart did not include business from the Officeworks chain in its prospectus forecasts from 1 September 2007 onwards. In the year to December 2006 Officeworks and Harris Technology accounted for $6.5m of ThinkSmart's total settled value of $55.0m.