Torex Appoints New Global Sales Lead to Drive International Growth

Steve Callaghan Joins Torex Management Team as Executive Vice President, Global Sales

DUNSTABLE--Torex Retail Holdings Limited (Torex^TM), the leading global provider of innovative, integrated technology solutions to the extended retail marketplace, today announces the appointment of Steve Callaghan as Executive Vice President of Global Sales. Callaghan is joining with the years of international and retail senior management experience required to expand the Torex success in the UK and global markets.

Callaghan's career has spanned multiple senior leadership and sales roles over 25 years. These include Director, Retail and Distribution for IBM Global Services; Group Managing Director at Card Clear plc, Sales and Marketing Director of Real Time Control plc and CEO of Framfab, the international interactive media and technology consulting firm which created online commerce and interactive capabilities for many retail brands. Most recently he was CEO of Surveillance at Cobham plc, a FTSE100 UK company following the successful turnaround and sale of MMI Research Limited where he was CEO.

"We are delighted to welcome Steve to Torex as we enter 2010 and the next phase of the company's development," commented Steve Rowley, Chief Executive, Torex. "He brings with him extensive international, software and retail experience that will be invaluable to our business and we look forward to working with him to lead the drive in securing new customers around the globe."