Checkpoint Systems Selected as Preferred CCTV Vendor for Canadian Tire

10 March 2000

Checkpoint Systems Selected as Preferred CCTV Vendor for Canadian Tire

    THOROFARE, N.J.--March 9, 2000--Checkpoint Systems Inc. , a leading provider of integrated loss prevention solutions to retailers worldwide, announced that it has been selected by Canadian Tire, Canada's largest hardgoods retailer, for the installation of closed circuit television systems.
    The CCTV division of Checkpoint provides state-of-the-art, total closed circuit television solutions that are able to accommodate a multitude of store configurations.
    "With an RF EAS program already in place, we can continue to provide value by reducing losses at Canadian Tire with our closed circuit television solutions," said Kevin Dowd, president and CEO of Checkpoint. "For the past two years, Canadian Tire has been a leader in Checkpoint's Impulse source tagging program, with over 3000 SKUs with embedded electronic tags. With the acquisition of Meto AG and our expanded product line, we look forward to being able to play an even more integral role in providing Canadian Tire with additional loss prevention and supply chain management tools."
    Checkpoint's Integrated Closed Circuit Television systems are already being used by major retailers worldwide such as Shoppers Drug Mart, Brewers Retail, Business Depot, A&P Food Stores, Indigo Books, Bank of Montreal and TrizecHahn.

    Checkpoint Systems, Inc. is a $750 million multinational company that manufactures and markets labeling systems designed to improve efficiency, reduce costs and provide value-added label solutions for customers across many markets and industries. Checkpoint is a leading provider of RF source tagging, barcode labeling systems, EAS, handheld labeling systems, and retail merchandising systems. Applications include automatic identification, retail security, and pricing and promotional labels. Operating in 27 countries, Checkpoint has a global network of subsidiaries and provides professional customer service and technical support around the world. Checkpoint Systems, Inc.'s web site is located at www.checkpointsystems.com.

    Canadian Tire - the country's largest hardgoods retailer offers a unique mix of products and services through three distinct, yet inter-related businesses. Canadian Tire Retail and the Associate Dealers together form one of Canada's best-known and most successful retailers, offering customers the convenience and leadership of three specialty stores under one roof - Automotive, Sports and Leisure, and Home Products. Canadian Tire Financial Services manages related financial products and services for retail and petroleum customers, and also markets other value added products to our customers. Canadian Tire Petroleum is one of the countries largest independent retailers of gasoline, with 204 outlets. With 430 Canadian Tire Associate Stores serving communities nationwide, Canadian Tire Corporation, Limited and Associate Dealers together employ more than 38,000 Canadians.