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9:28 am, January 21, 2008
Egan reveals plans for MaxBox

By By Claire Shoesmith

Andy Egan, the former chief executive of Felix Group who on Friday revealed he had bought the company’s assets from the administrators for £175,000, is rebranding the company as MaxBox Digital Retail and hopes to have its digital kiosks in several hundred retail outlets within three months.

Egan resigned as chief executive of Rostherne-based Felix Group back in December after the company’s chairman ordered a review of the group’s operations. Later that month it put its trading assets into administration.

“I was very frustrated and disappointed about what happened at Felix Group but I believe wholeheartedly in the MaxBox business,” said Egan.

He said he is currently in talks with all the retailers that had signed up to host a MaxBox kiosk under Felix Group and hopes to have the kiosks in those and several hundred new retailers soon.

The kiosks, which are being manufactured in the US, provide a one-stop shop for customers to carry out tasks such as top up their mobile phone, order flowers or print photos. Egan said that in the future it will be able to offer just about anything that is digital and said he believes the biggest application for 2008 will be foreign currency.

Maxbox Digital, which has a credit line of £100m, will launch officially at a trade fair in London this week.

Egan himself owns 95 per cent of MaxBox Digital and has held onto a near 10 per cent holding in Felix Group, which has retained the stcok market listing and is now a shell company looking to acquire a new business.

Comments? cshoesmith@crain.com"> cshoesmith@crain.com