The UK’s leading multi-redemption voucher and prepaid gift card business

TopCashBack adopts flexecash card

23 August 2012

RNS Number : 5973K
Park Group PLC
23 August 2012
 
PARK GROUP PLC

("Park" or the "Company")

TopCashBack adopts flexecash®card

Park (AIM: PKG.L), the UK's leading gift voucher and prepaid gift card provider, today announces that the cashback website, TopCashBack, is to begin offering Park's flexecash® card to its 1.5 million members, making it the first cashback website to offer Park's platform.

Consumers using the TopCashBack website earn cash back on online purchases undertaken via its site, which covers 3,500 merchants and offers the highest guaranteed commission in its sector.  The flexecash® card will be offered to its customers as a reward delivery system alongside BACS and PayPal.  TopCashBack members opting for the flexecash® card, which is reloadable, receive a 4% bonus and the ability to reload with the cashback they have earned at any time, after an initial £10 activation load.  The value on the card can then be redeemed at outlets of 35 major retailers, including Argos, Boots, Comet and Debenhams, amongst other household names from the high street.

Chris Houghton, Chief Executive Officer of Park, said: "We're very pleased to announce this latest progress for the flexecash® platform, which is enjoying great traction since launch and, in line with our strategy,  is proving adaptable to a wide range of applications.  This represents a new market for us and we look forward to working with a successful brand like TopCashBack to bring more flexible options to the consumer.  This will allow TopCashBack members to download the value and go shopping at their favourite high street retailers, and with an added 4% bonus which will be welcome in tough times."

For further information please contact:

Park Group plc

Arden Partners plc

Tavistock Communications

Chris Houghton

Martin Stewart

Adrian Trimmings

Jamie Cameron

John West

Andrew Dunn

Tel: 0151 653 1700

Tel: 020 7614 5920

Tel:  020 7920 3150

About TopCashBack UK (www.topcashback.co.uk)

TopCashBack.co.uk is the UK's Most Generous Cashback Website and is completely free to join and use. It passes at least 100% of the commission rate that retailers pay it - to advertise their products and services - back to its members. The site has over 1.5 million members, which is nearly double the amount of members in the last 12 months alone. TopCashBack.co.uk includes over 3,500 merchants (from high street big names to smaller, niche online sellers). Over £2 million of cashback is earned by TopCashBack.co.uk's members each month, with £300 million worth of transactions passing through it each year.