New Service Designed for Cash-Intensive Retailers Improves Employee Productivity
and Store Accountability
IRVING, TX, June 16, 1997 (NYSE- PZB) -- Brink's, Incorporated today announced
CompuSafeŽ Service, a computerized, single-source, in-store cash management
service designed for cash-intensive retail operations such as convenience stores
and gas stations. CompuSafe service provides retail management greatly improved
control over, and security of, cash transactions, from initial receipt by store
employees through bank deposits and deposit reporting.
The new CompuSafe service is already in use by RaceTrac Petroleum, (Smyrna, GA)
at stations in Georgia and Texas, and is being installed in the company's
outlets in Florida based on the positive results of initial installations.
"We have already experienced major benefits from Brink's new cash management
service," said Ben Tison, vice president of operations for RaceTrac Petroleum.
"Instead of our managers spending two or more hours a day counting cash and
going to the bank, they are concentrating on merchandising and customer
service."
Since cash handling is automated, store employees are freed from time-consuming
tasks and responsibilities associated with counting, reconciling and depositing
large amounts of cash. Brink's provides all of the system components, including
in-store cash management reporting, armored transportation, cash processing and
banking deposits, hardware and software, installation and maintenance, and
transaction reporting.
When store employees deposit currency into the CompuSafe unit, it reads and
validates the deposited bills, placing them in secure "cassettes" that can only
be opened in Brink's nationwide network of currency rooms. After the Brink's
messenger delivers the cassette to the currency room via armored transportation,
tellers combine deposits from the retailer's various locations and transfer the
funds to the retailer's local, regional or national bank.
The complete process allows accounts to be consolidated in a single bank in a
specific market, or across multiple markets, saving time, as well as the expense
of managing multiple banking relationships. Store and deposit details can be
downloaded to the retailer's headquarters while the bank is receiving the
deposit electronically.
CompuSafe service is available immediately. For complete information on Brink's
services or the new CompuSafe service, call 800-BRINKS-5.
Brink's, founded in 1859, is the largest provider of armored services in the
world, with over 150 facilities across the United States and a global network
that spans 49 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
Burlington Air Express Inc. (Pittston Burlington Group) and coal and gold mining
(Pittston Minerals Group).