- 20 February, 2006 -

The 24seven brand was conceived and is owned by VTL Group Limited, which specializes in franchising, finance and technology with global headquarters in Auckland, New Zealand. The 24seven brand is positioned as a convenience retailer using vending machines enabled with wireless technology and connected to a sophisticated back-end management system. This allows franchisees to remotely monitor their business while serving customers 24 hours a day, seven days a week. 24seven operates throughout Australia and New Zealand and has recently entered the United States through the launch of a wholly-owned subsidiary, 24seven Vending (US), Inc. The company's long-term commitment to development the United States is underscored by recent acquisitions of existing vending companies in Los Angeles and Dallas. Plus, 24seven recently formed a long-term alliance with All Seasons Services, one of the nations largest vending companies with over 39,000 vending machines, 10,000 customers in over 15 states. These acquisitions and partnerships provide a large inventory of vending machines operating on locations that, installed with the proprietary technology, are allocated to franchisees that can accelerate the growth of their businesses.

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