This stock came to AIM yesterday morning, and since then has been steadily rising, with a decent spread to boot.

The thing is, the original investors are locked in for 12 months. They can only sell under certain circumstances eg demand is so great that some of their stock is needed to meet it.

Felix Group was formed by the reverse takeover by Felix Corporation Limited of
Chestnut Prospects plc, a cash shell with approximately #1.49 million of cash as
at 20 February 2004.

Let me know your thoughts.

Home Log Out Upgrade Our Services My Account Contact Help



Stockwatch Level 2 Portfolio Charts Shares Magazine Research Quote Indices Market Scan Company Zone Traders' Room
NewsWatch Trades Terminal Alerts Stock Screener Heatmaps News Mobile Futures CompanyAV Investors' Room
World Markets Webcast Directory Travel Personal Finance Insurance Forex Loans Credit Cards Mortgages MoneyAM Blogs







Felix Group PLC
26 March 2007


26 March 2007

Felix Group plc
Announces IAD Operational and Distributor Agreements
with OmniCash Ltd

Felix Group plc ('Felix'), the company behind the MAX BOX multi-function digital
retail ATM machine today announces 2 separate agreements, both with OmniCash
Ltd, an Independent ATM deployer and LINK member ('OmniCash').

The first agreement relates to an operational Service Level Agreement ('SLA')
and will see OmniCash servicing and maintaining the NanoCash ATM's that Felix
have bought from them. OmniCash are the UK's exclusive distributor of this
Korean manufactured ATM machine. In addition to the obvious operational benefits
this SLA brings to bear, the restructured commercials produce a positive
financial effect by reducing Felix's overall weekly 'break-even' amount of the
MAX BOX by about 7.5%. An important contribution as Felix continues to work
towards its 'break-even' target.

This agreement also makes provision under separate commercial terms for OmniCash
owned NanoCash machines which both OmniCash and Felix agree to house within
future MAX BOX editions.

The second agreement sees Felix appointing OmniCash as an exclusive distributor
of the NanoCash machine within its MAX BOX machine within the pub sector and
small convenience store sector. OmniCash and Felix will work together to find
new sites within these two sectors (and others on a non-exclusive basis) to
deploy the NanoCash ATM MAX BOX. Whilst Felix still plan on the same rate of
machine deployment, it anticipates an increase in the number of pub and small
convenience store sector opportunities; sectors OmniCash currently specialise
in.

Andy Egan - Chief Executive, Felix Group plc said:

'I am delighted to have these agreements in place. The Operational SLA agreement
ensures we have the industry's best placed IAD maintaining and servicing our
NanoCash machines. As the sole UK distributor of this product, OmniCash are best
positioned to assist us deploy the first 120 NanoCash machines we have bought
and engineered into our MAX BOX proposition.

'OmniCash are a well establish LINK member and IAD and these agreements continue
our strategy of contracting with third party partners which have considerable
skill in their respective fields and sectors. We now have some of the best
industry experts advocating and selling in our products across a broad range of
leisure and retail sectors whilst expanding our sales capabilities nationally at
the same time'.

Benoit Mes - CEO, OmniCash Ltd said:

'Our NanoCash and MiniBank ATM products will complement the MAX BOX model range
with the reliability a product like this deserves. The Operational agreement
backed up with the distributor agreement puts in place a strong bonding for both
companies; it's great to have this contract signed so we can now all focus on
deployment'.

- Ends -

Contacts

For Felix Group plc
Mike Wallwork (o): 01565 831 100
email:
mike@felixcorp.com
PR for Felix Group plc
Holborn PR, David Bick (o) 020 7929 5599
email:
info@holbornpr.co.uk
For OmniCash Ltd
Benoit Mes (o) 0800 032 1314
email:
info@Omnicash.biz


Notes to Editors

About Felix Group plc - Felix Group plc (Reuters FLX.L; Bloomberg FLX LN)

www.felixgroupplc.com

Felix Group's ordinary shares were admitted to trading on AIM on 8 March 2004.
Felix Group initially developed a new form of sales promotion through a direct
consumer interactive medium called Everyone's A Winner. Felix has now combined
this retail innovation with a traditional ATM machine and included a (growing)
range of digital consumer services (photo processing, mobile top-up and content
and music downloads) to form MAX BOX, a kiosk designed to dispense cash, vend
sales promotions and provide additional consumer services.
About OmniCash Ltd

OmniCash is a LINK member and IAD specializing in ATMs and Cash Management
Solutions for the Banking, Retail, Gaming and Transport sectors. With a current
network of 1200 ATM's that is growing month on month.




This information is provided by RNS
The company news service from the London Stock Exchange





| Register | Our Services | About MoneyAM | Terms and Conditions | Privacy Policy | Investment Warning | Content Standards | Corporate Solutions | Advertise With Us |
2006 MoneyAM


SIMONPAYNTON,are you still in these?,I decided to get in this am as feel there is potential upside from here.

img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=FLX&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR2&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">