Investment Strengths & Strategy Key Investment Strengths The Key Investment Strengths for Consolidated Vending plc (CV) are as follows: Diversified revenue streams and long-term contracts with large, prominent clients; CV is a leading operator of both photo booth and kiddie rides in the UK; Operates circa 1,000 vending machines via two business divisions; Operates in a growing market, worth in excess of £3 billion; The Group is cash-generative and offers sustainable cash flow and earnings, whilst low overheads can produce attractive profit margins; Earnings are underpinned by contracts with prominent clients, including national supermarkets and other retailers; Acquisitions are being identified that will optimise the use of the Group's current national infrastructure and that are expected to increase the Group's growth; An experienced management team; The Group has tax losses of circa £2 million pounds available for future relief against profits of the same trade; CV is EIS Qualifying. Growth Strategy It is the Directors' expectation that growth will come from three areas: Organic growth through further placement of photo booths and kiddie rides; Acquisition of vending businesses in similar sectors, possibly regional operators who have no aspirations to go national, or single product operators at risk from larger multi-product operators; Introduction of new vending products developed by third parties who require CV's access to customers and national engineering team to establish the product in the market.