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Profile
VTL Group Limited is an innovative company, thriving within a young but competitive industry. VTL was established in December 1997 initially as a vending machine operator
and technology development company, but has now transformed into an
investment company with a competitive international franchising
system supported by leading-edge technology.
VTL is a public company, listed on the New Zealand Exchange Limited (NZX). With head office in Auckland, New Zealand, the organization is operated by a highly skilled management team and overseen by a proven Board of Directors.
History of Growth and Challenge
April 2006
-
VTL Group
Limited announces that its
wholly-owned Australian subsidiary 24seven Vending Leasing Pty
Limited, has purchased the assets of Australian vending company Roxette Pty Limited located in the Wyong area, on the Central
Coast, north of Sydney. VTL Managing Director, Mervyn Doolan said, "This
acquisition gives VTL's 24seven franchise programme accelerated
access to quality sites in the Central Coast area, and will
facilitate the speedy growth of 24seven's franchise operator
base."
February 2006
January 2006
August 2006
-
VTL GROUP REPORTS LOSS AFTER ONE-OFF COSTS OF
EXPANSION. Auckland, 29 August 2005 - VTL Group Limited announced
today that one-off costs associated with the strategic expansion
of its international vending franchise operations led the Company
to report an audited net loss after tax of $9.762 million for the
year ended 30 June 2005.
June 2005
-
DIRECTOR: VTL: Founding Director seconded to USA.
Auckland, 24 June 2005 - VTL Group Limited (NZX: VTL) advised
today that Joint Managing Director and Founding Director John
Hotchin is to be seconded to All Seasons Services, Inc., ("ASSI")
as Chief Executive Officer, effective 1 July 2005.
February
2005
January 2005
-
VTL Group Limited (NZX: VTL) announced that John
Hotchin and Gary Stevens, VTL Group’s Directors,
have been appointed to the All Seasons Holdings, Inc., (“All
Seasons”) Board of Directors effective January 2005, and have
taken up two of the six Board seats, following the settlement of
the All Seasons agreement.
-
Boston-based
All Seasons
Services, Inc. records annual revenues of approximately
NZ$274 million from sales out of almost 39,000 vending machines,
which it operates in over 10,000 sites throughout the continental
USA. The total combined turnover of USA businesses utilizing VTL
Group’s technology and franchising platform available for
franchising is in excess of NZ$300 million.
Learn more
about All Seasons Services at
www.allseasonsservices.com
December 2004
-
VTL announces conditional transaction which will
see it acquire a substantial long-term interest in a leading US
vending company All Seasons Holdings, Inc., in return for granting
a license to use its proven franchise system and proprietary
vending technology. Once settled, the transaction will enable VTL
Group to rapidly accelerate its growth in the US vending market.
November 2004
August 2004
- VTL announces that its' 100% owned subsidiary 24seven Vending
(US) Inc. has entered into an unconditional agreement to purchase
the shares of US vending company MAB Service Inc. in Los Angeles.
MAB is a full line vending operator that has been operating for 50
years and employs over 100 staff.
June 2004
- VTL announces that it had purchased assets of American vending
company Adolphs Vending Service, Inc, based in Dallas, Texas. Adolphs is a fulltime vending operator whose service offering
includes drink, snack and coffee, and has been operating profitably
in the Dallas market for over 50 years.
April 2004
- VTL confirms that VTL Group Finance Limited, a wholly owned
subsidiary of VTL registered a prospectus for the issue of up to $12
million fixed rate, unsecured, subordinated Bonds, guaranteed on an
unsecured, subordinated by VTL. Proceeds from the issue will be used
to fund the growth of VTL or its subsidiaries, positioning the Group
favourably to act on new market opportunities by funding potential
acquisitions in Australia, USA, the United Kingdom and Europe, and to
provide working capital and allow restructuring in the Group, if
required.
March 2004
- Change of name to VTL Group Limited.
February 2004
- Interim Report for the six months ending 31 December 2003.
Net operating surplus of $1.88 million, total operating revenues of
$13 million, up 10.4% on corresponding period last year.
January 2004
- VTL announces intention to establish its proven franchise
business model into recent European acquisition - Shop24.
December 2003
- Approval granted under California Finance Lenders Law for a
license to act as a Lender.
December 2003
- VTL purchased assets of European company New Distribution
Systems nv (NDS), which develops, manufactures and distributes
Shop24, an internationally
leading fully automated convenience store.
December 2003
- VTL purchased assets of European company New Distribution
Systems nv (NDS), which develops, manufactures and distributes
Shop24, an internationally
leading fully automated convenience store.
- Approval granted under California Finance Lenders Law for a
license to act as a Lender.
October 2003
- VTL confirms Master and Franchisees recruited and operating
profitably in Californian market.
- Annual Report for the 15 months ending 30 June 2003 reported
revenues of $26.6 million, up 36% on previous years (12 months)
revenues. Audited operating surplus after tax of $3.3 million.
May 2003
- VTL approved by the California Department of Corporations to start operations in California.
- Twelve months Interim Report for the 12 months to 31 March 2003. Operating surplus before tax NZ$2.6 million
September 2002
- Franchising Licensees sold into Western Australia and South Australia, thereby providing nationwide presence in Australia
May 2002
- Full year results reported at 35% up on forecast: operating surplus before tax of NZ$5.3 million
April 2002
- First 24seven franchise starts operation in Australia's eastern states: Queensland, New South Wales and Victoria.
November 2001
- Launch of Nathans Finance NZ Ltd
July 2001
- Independent operator SnackTime acquired, increasing VTL's share of New Zealand's high-end snack vending market to 38%.
May 2001
- Full year results reported at 29% up on forecast: operating surplus before tax of NZ$4.2 million
February 2001
- VTL launches it's franchised business system "24seven", a networked vending business for independent operators. VTL signs first FMCG Partnership
Program partner with Cadbury Confectionery. Under the partnership, Cadbury receives signage rights and an agreed number of vending lanes.
Nov 2000
- VTL became a publicly listed company, using its debt-free status to raise money to pursue market growth and continued development of our leading edge technology
1999/2000
- In its second year of operation VTL recorded a pre-tax profit of NZ$1.1 million
March 2000
- In its first year of operation VTL sited 419 vending machines predominantly in the Auckland region
December 1997
- VTL established by John Hotchin and Mervyn Doolan to explore opportunities in the vending industry
- Innovated industry-leading vending technology systems to provide a superior competitive edge over competitors
24seven® is a registered mark of VTL Group
Limited.
Shop24® is a registered mark of VTL Group Limited. |
