Checkpoint Systems Selected by The Warehouse, New Zealand's Largest Discount Retailer, for Installation of RF-EAS Systems.

Business Editors

THOROFARE, N.J.--(BUSINESS WIRE)--Aug. 23, 2001

Checkpoint Systems, Inc., (NYSE: CKP), a leading provider of supply chain management and security solutions worldwide, has been awarded a contract by The Warehouse Group, Ltd., New Zealand's largest retail group with 75 discount stores.

Checkpoint has been chosen to install its Radio Frequency Electronic Article Surveillance systems (RF/EAS) in The Warehouse's stores, replacing the existing competitive acousto-magnetic EAS technology. The company also operates 117 smaller retail outlets on the eastern seaboard of Australia.

"Checkpoint's advanced RF technology, regional source tagging program and value were integral factors in our switch from our acousto-magnetic system to an RF system. The wide product selection Checkpoint offers will support many of our business activities, making them an ideal partner for security and labeling," said Kevin Dooley, National Loss Prevention Manager for The Warehouse.

The initial phase of the rollout will begin immediately, with installation in 28 discount merchandise stores, to be completed by November 2001. Checkpoint will install Strata antennas into Warehouse stores, mostly in the northern part of New Zealand. After the initial implementation, The Warehouse plans to install additional stores with Checkpoint's RF-EAS systems. Checkpoint also won a competitive tender to supply pricemarking tools and labels.

The Warehouse Group is one the most profitable retailers in the world and is widely regarded as an emblem of hyper-efficiency. Started by Stephen Tindall in 1982 with $30,000 in capital, one small store and three full-time employees, in fewer than 20 years, Tindall has turned The Warehouse Group into New Zealand's largest retailer, with 40% of the $1.7 billion spent annually in department stores on nonfood items. Last year, Tindall expanded into the Australian market, purchasing a chain of stores that will be rebranded as Warehouse retailers.

"We are pleased to have been selected by The Warehouse, considered one of the most innovative retailers in the industry today. We are confident that our RF-EAS systems and labeling solutions will support The Warehouse's operational goals," said Alun Wilson, vice president and general manager, Asia Pacific, for Checkpoint Systems.

Checkpoint Systems, Inc. is a multinational company that manufactures and markets labeling systems designed to improve efficiency, reduce costs and provide value-added labels solutions for customers across many markets and industries. Checkpoint is a leading provider of EAS and RFID systems, source tagging, barcode labeling systems, hand-held labeling systems and retail merchandising systems. Applications include automatic identification, retail security and pricing and promotional labels. Operating directly in 30 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.