CML 0.00% 2.0¢ chase mining corporation limited

six months won,t take that long to go to 850 i say under a month...

  1. 5,549 Posts.
    six months won,t take that long to go to 850 i say under a month this was back in feb they did a deal with caltex ACN 004 201 307


    ASX/Media release
    For immediate release
    Wednesday 28 February 2004



    CALTEX AND WOOLWORTHS COMPLETE
    CO-BRANDED SERVICE STATION
    ARRANGEMENT

    Today, with Caltex, we are taking a very significant step, extending our petrol
    offer to our customers nationwide resulting in quality discounted fuel near
    where they shop at around 450 Caltex Woolworths service stations.
    Roger Corbett

    We're delighted to have finalised this association with the country's leading
    food retailer in an initiative that will result in having Caltex quality fuel sold
    under the Caltex Woolworths banner at an additional 305 sites around the
    nation.
    Dave Reeves

    Woolworths Limited and Caltex Australia Limited today finalised arrangements for the
    national expansion of the Woolworths' fuel discount redemption offer to around 450
    sites.

    Woolworths Group Managing Director and CEO Roger Corbett and Caltex Managing
    Director and CEO Dave Reeves executed the final transaction documentation this
    morning.

    "Today, with Caltex, we are taking a very significant step by extending our petrol offer
    to our customers nationwide resulting in quality discounted fuel near where they shop
    at around 450 Caltex Woolworths service stations. Our popular offer to customers of
    spending $30 or more in Woolworths/BIG W stores to receive 4 cents off per litre of
    petrol will now be extended across the nation," Mr Corbett said.

    The arrangements finalised today replace interim start-up arrangements that
    commenced on 21 November 2003 and resulted in 41 Caltex sites co-branded Caltex
    Woolworths accepting Woolworths fuel redemption vouchers.

    The final arrangements do not differ materially from the interim arrangements under
    which Woolworths sets fuel prices at the co-branded sites in accordance with
    Woolworths pricing policy.

    The final arrangements will see the 305 Woolworths sites become jointly branded
    while Caltex expects that it will co-brand more than 130 of its sites near Woolworths'
    stores. The Caltex sites involved in the arrangement will include company-operated
    sites and franchisees selling fuel under a commission agency agreement.


    C:\TEMP\Caltex Woolworths final arrangements release 280404.doc 28/04/04 9:12 1

    --------------------------------------------------------------------------------
    2



    The re-branding of the Woolworths sites to Caltex Woolworths and the rollout of the
    additional Caltex sites as co-branded stations will commence immediately and will
    completed as soon as practicable.

    Mr Corbett said that the addition of more than 130 Caltex sites would provide
    national, cost effective and customer-convenient coverage that would ensure that the
    optimum number of Woolworths supermarkets and BIG W stores would be supported
    by adjacent Caltex Woolworths petrol sites.

    Mr Reeves welcomed the signing of the long-term agreement.

    "We're delighted to have finalised this association with the country's leading food
    retailer in an initiative that will result in having Caltex quality fuel sold under the
    Caltex Woolworths banner at 305 additional sites around the nation," Mr Reeves
    said.

    "Caltex StarCard customers will be able to use their cards at all of these additional
    sites after they become co-branded, although not in conjunction with the fuel discount
    redemption offer.

    "We will continue to support the Caltex Star Mart and Star Shop network to provide
    customers with an excellent convenience shop offer. Caltex franchisees will continue
    to be supported as a major group within the remaining Caltex and Ampol network of
    about 1,625 service stations."



    For further information:
    h
 
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