ThinkSmart Secures New Agreement With Officeworks

ThinkSmart Secures New Agreement With Officeworks

ThinkSmart Limited (ASX:TSM) today announced it has secured a new three year agreement with the Coles Group’s Officeworks chain for the provision of its RentSmart I.T. rental finance product.

The agreement, which commences 1 July 2007, encompasses the Officeworks and Harris Technology brands.

“We are very pleased to further extend our ten year relationship with the Officeworks chain,” said Ned Montarello, Managing Director & CEO of ThinkSmart Limited.

“This new agreement provides a solid platform for the continued growth of ThinkSmart’s innovative finance solutions with the Officeworks chain.”

ThinkSmart did not include business from the Officeworks chain in its prospectus forecasts from 1 September 2007 onwards.  In the year to December 2006 Officeworks and Harris Technology accounted for $6.5m of ThinkSmart’s total settled value of $55.0m.

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