Wachovia to be Exclusive ATM Provider in Tesco's New Fresh & Easy Neighborhood Market Chain
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TMCNet: Wachovia to be Exclusive ATM Provider in Tesco's New Fresh & Easy Neighborhood Market Chain

[August 13, 2007]

Wachovia to be Exclusive ATM Provider in Tesco's New Fresh & Easy Neighborhood Market Chain

(Wireless News Via Thomson Dialog NewsEdge)
Wachovia Corp. and Tesco announced that Wachovia Bank will be the
exclusive ATM provider to Fresh & Easy Neighborhood Market when the
company's first stores debut in Southern California, Las Vegas and
Phoenix this fall.

Tesco, the world's third-largest retailer, announced in 2006 it would
make its first foray into the U.S. grocery market with a new chain of
neighborhood-based and consumer-friendly stores on the West Coast.

The partnership between Wachovia and Fresh & Easy Neighborhood Market
brings together two companies with an emerging presence in California,
an ongoing commitment to the state and other western locales and a
strong reputation for easy-to-use and efficient customer service.

"We couldn't be more pleased to offer state-of-the-art ATMs in Fresh &
Easy Neighborhood Market as another convenient service we provide for
our West Coast customers," said Gary Bargeron, senior vice president
and manager of Wachovia's National ATM Program.

Wachovia plans to build approximately 40-50 branches a year over the
next five years in California. And this commitment to the market makes
Fresh & Easy Neighborhood Market a natural partner.

"This partnership is an excellent way for Wachovia to provide busy
consumers with the convenience of one-stop shopping and easy access to
their cash," Bargeron said. "We believe the combination of our
top-ranked commitment to customer convenience and satisfaction and
Fresh & Easy Neighborhood Market's concept of convenient, fresh and
environmentally friendly products is going to be a big winner in our
Western markets."

CEO Tim Mason of Fresh & Easy Neighborhood Markets said, "When
considering ATM providers in the U.S., Wachovia stood out as a logical
and natural partner since both companies strive to be good neighbors
and employers and to provide the absolute best customer service. We are
confident that consumers will be as receptive to Wachovia as they will
be to our fresh, high-quality foods."

The companies are also a natural fit in another important area --
environmental stewardship. Wachovia recently announced a "green"
financial center design in accordance with Leadership in Energy and
Environmental Design (LEED) certification standards. The company will
begin opening its green financial centers in Southern California later
this year, and by the end of 2008 all new Wachovia branches will be
built using LEED standards.

Wachovia's plans for green branches complement its strong environmental
commitment, including a pledge to reduce greenhouse gas emissions by 10
percent from 2005 levels by the year 2010.

Fresh & Easy Neighborhood Market is equally committed to the
environment. "Fresh & Easy believes part of being a good neighbor is
being a responsible steward of the environment," said Simon Uwins,
Fresh & Easy Neighborhood Market chief marketing officer. "Underscoring
that commitment, we will install an innovative 500,000 square foot
solar roof at our distribution center, at a cost of $13 million. We
believe it will be the largest roof-mounted solar installation in
California and possibly the world. In addition to our solar roof, we
will minimize waste by recycling or reusing all our shipping material.
Our freezer cabinets will use LED rather than florescent lighting,
saving 50 percent, and we have modified our fridges to cut energy use
by 10 percent."

((Comments on this story may be sent to newsdesk@closeupmedia.com))

((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright 2007 Wireless News

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