MONTREAL, QUEBEC, CANADA--(MARKET WIRE)--Apr 29, 2009 -- Garda Cash Logistics, America's second largest cash logistics provider, today announced a strategic partnership with FireKing Security Group for its premium CashLINK cash management system.
Under the terms of the agreement, FireKing Security Group will assume responsibility for the future development, manufacturing and support services for CashLINK's smart safe component, including Garda's previously established outsourcing relationships.
CashLINK is a single-source, fully integrated transaction-to-bank cash management solution that enables multi-unit retailers and quick service restaurants to concentrate on managing their businesses instead of their cash. In addition, Garda's partnerships with financial institutions bring the bank to the retailer, accelerating credit for deposits while the cash is still in the customer's location. With development, manufacturing and service integrated within one organization, Garda will streamline with Fireking the ordering and problem resolution processes, creating an even more outstanding customer experience.
"During the last two years, Garda Cash Logistics has developed the industry standard in cash management solutions with its CashLINK technology that delivers premium cash management services to our customers," said Richard Drutman, President of Garda Cash Logistics. "We have joined together with FireKing to create a more robust and integrated solution for our customers as we continue to build on the success we have achieved with this service offering."
"We are extremely excited to be partnering with Garda in delivering a comprehensive top of the line cash management solution," said FireKing President and CEO Van Carlisle. "Since its entry in the US market, Garda has demonstrated clear leadership in bringing innovative smart technologies to differentiate itself from the traditional CIT providers. Combining Garda's and FireKing's technology and products will result in a true best of breed solution for our customers."
For more than five decades, FireKing Security Group has been providing high quality products and services for the asset protection industry. In addition to smart safes, FireKing manufactures a full line of drop safes, digital video recorders and fire resistant file cabinets. FireKing products are used by several retailers with whom Garda currently does business and are available in over 85 countries. The company employs more than 500 people who are committed to meeting and exceeding customer expectations.
Garda Cash Logistics provides comprehensive cash management services, including armored transportation, cash vault processing, ATM services, and EvenExchange change order services for banking and retail customers. Garda helps customers, predominantly financial institutions and multi-unit retailers operating cash-intensive businesses manage and grow their businesses. The company uses innovative technology and logistical expertise to securely and efficiently move and manage cash and other valuables so customers enjoy greater productivity and profitability.