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A Statement by Gateway Newstands

ID: 1192158

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/30/13 -- Gateway Newstands, the largest operator of newstands in North America, today stated that it welcomes political and media scrutiny of the harmonization and extension of three of its lease agreements with the Toronto Transit Commission (TTC).

"This is clearly the best deal for the TTC, for its ridership and for taxpayers," said Michael Aychental, CEO of Gateway Newstands. "In every respect, the harmonization and extension of our lease agreements provides the TTC with better value than a competitive bid that appears to offer a great deal, but in fact provides far less."

Aychental pointed to 10 facts that have been mostly overlooked in the coverage of Gateway's agreement with the TTC.

"Gateway has been operating newstands in the TTC for almost 20 years," said Aychental. "We're immensely proud of our partnership, and of the 79 family-run businesses that operate newstands within the transit system. These newstands are run by incredibly hard-working people, who were very happy to hear about our new agreement - the harmonization of the expiry dates - with the TTC. It's their livelihood."

Gateway Newstands is the largest operator of newstands in North America, with more than 500 stores in transit - including subways, bus stations, train stations, other transit venues, office towers, shopping centres, hospitals, and other institutional venues. Where we are located, we pride ourselves on being a trusted and reliable partner.



Contacts:
Media Contact:
Noah Aychental
416-571-1253




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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 30.01.2013 - 14:33 Uhr
Sprache: Deutsch
News-ID 1192158
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Books & Publishing


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"A Statement by Gateway Newstands
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