“ShopperBox Networks, Inc., Tacoma, has announced the signing of an exclusive agreement with Fargo Group of Hong Kong. This agreement is for the supply of secure locker components for the assembly of the ShopperBox system for deployment in the United States and major Asian markets. The agreement with the Fargo Group is very exciting. said Eli Moreno, CEO, ShopperBox Networks, Inc. We have the opportunity to really boost the expansion and growth of e-commerce in Asia. We feel strongly that Fargo is a key partner in our global strategy. ShopperBox provides secure 24-hour self-service kiosk stations that facilitate the efficient pickup, delivery and returns of parcels within densely populated communities. ShopperBox is a computer-controlled and Internet connected locker system that allows package carriers to significantly increase first delivery success, save time, save money and increase customer satisfaction. The Asian ShopperBoxes will offer the same parcel delivery, pickup and return services in the major Asian cities. For the past five years, our subsidiary Far East Lockers has been deploying its network of lockers installations in Asia and perfecting its range of FRS lockers. said Paul Clerc-Renaud, Managing Director, Fargo Group. We are delighted to be associated with ShopperBox in the development of a new product which is a perfect logistics complement to e-commerce. These lockers are already under production and will start to be deployed in the USA in first quarter 2001. We are also looking forward to the prospects of cooperating with ShopperBox to extend their services to Asia in the near future. According to a recent report by Morgan Stanley Dean Witter, e-commerce in Asia will expand by almost 24 times from $2 billion in 1999 to $51 billion in 2003. Asia is not one big market, but is a region with a lot of diversity of language sand cultures. ShopperBox has recognized this and has partnered with a strong Asian-based company that understands the market differences and needs. The Fargo Group is a Hong Kong-based international trading company specializing in Euro-China trade. They’ve been established in Hong Kong over 25 years, and assist Western industrialists in setting up manufacturing and distribution operations in China. They also have a number have offices world-wide. For more information about ShopperBox Networks, contact them at: 253/383-3125 or visit their website at: www.shopperbox.com. “
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