(Dallas, TX - October 9, 1998) - Brink's, Inc. announces an additional feature
to its CompuSafe® Service in-store electronic cash processing service - Brink's
Cash Consolidation System™ which will provide on-line generation of reports for
use by treasury, operations and loss prevention executives daily or on-demand.
The system will be available at the end of the first quarter 1999.
According to Phil Chadwick, vice president of marketing and sales, "This system
will make it even easier for our customers to manage their bank relationships
while continuing to enjoy the improved financial controls they selected
CompuSafe Service for in the first place."
The system electronically consolidates and distributes store deposit data into
practical business-day reports, including bank deposit reports, daily store
totals by clerk, shift and end-of-day, plus other operational and
security-related reports. Customized reports will also be available from the
system on demand. The system gathers deposit and store-level detail by modem
from the in-store CompuSafe units and Brink's nationwide processing centers.
Then it communicates the information electronically to the customer's
headquarters and their bank.
Stores that already use the CompuSafe Service will be able to benefit from the
new Brink's Cash Consolidation System early next year. In addition to saving
time, the system simplifies reconciliation and reduces human error. The system
also can eliminate "sweep" accounts and reduce float.
CompuSafe Service is a single source, in-store cash processing solution. It is
designed for cash-intensive retail operations such as convenience stores,
gasoline marketers and fast-food restaurants. Brink's provides the best solution
for accurate, safe, and efficient cash management.
For more information on CompuSafe Service, call 1-800-BRINKS-5 or visit
www.brinks.com.
Brink's, founded in 1859, is the largest provider of armored services in the
world, with over 150 facilities in the United States and a global network that
spans over 50 countries. Pittston Brink's Group Common Stock (NYSE-PZB),
Pittston Burlington Group Common Stock (NYSE-PZX), and Pittston Minerals Group
Common Stock (NYSE-PZM), represent the three classes of common stock of The
Pittston Company, a diversified company with interests in security services
through Brink's Incorporated and Brink's Home Security, Inc. (Pittston Brink's
Group), global freight transportation and logistics management services through
BAX Global (Pittston Burlington Group), and coal and gold mining (Pittston
Minerals Group)