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Radiant Systems Expands Relationship with BURGER KING® Restaurants Globally
Installations and commitments from franchisees in North America, Latin America, Asia and Middle East continue to grow
ATLANTA (August 21, 2008) - Radiant Systems, Inc. (Nasdaq: RADS) today announced that it has surpassed 1,200 installed and committed sites with franchisees of Burger King Corp. (NYSE: BKC) in the United States and franchise locations around the world in markets including China, Canada, Mexico, Egypt, Saudi Arabia, and the United Arab Emirates.
Approved as a restaurant technology provider for BURGER KING® Restaurants in December 2005, Radiant has installed a variety of solutions in more than 800 Burger King locations while the momentum of additional commitments also continues to grow. Radiant’s Aloha QuickService point of sale and MenuLink.Net back office applications comprise Radiant’s flagship solution for operators seeking to improve speed of service, increase order accuracy, and centrally control store operations.
“After an extensive assessment of restaurant technology providers, we selected Radiant as an approved provider because of their centrally managed software solutions that provide instantaneous updates throughout all of our selected sites allowing us to serve our customers better,” said Richard Blake, senior manager of Burger King Corp.’s operations performance.
“As we continue to penetrate the quick service market world-wide, Radiant has proven to be the right partner for restaurants with global operations, and we march in tune with the expansion needs of BURGER KING® Restaurants,” said Paul Langenbahn, president of the hospitality division at Radiant Systems. “We are thrilled about this key milestone and it underscores that the world’s most recognized brands trust Radiant.”
About Radiant Systems, Inc.
Headquartered in Atlanta, Radiant Systems, Inc. (Nasdaq: RADS) is a global provider of innovative technology to the hospitality, retail, and entertainment industries. For more than two decades, Radiant's point of sale hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues. Radiant has offices in North America, Europe, Asia and Australia. For more information, visit www.radiantsystems.com.
About Burger King Corporation
The BURGER KING® system operates more than 11,300 restaurants in all 50 states and 69 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING® restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades. To learn more about Burger King Corporation, please visit the company's Web site at www.bk.com.
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the key risks, assumptions and factors that may affect operating results, performance and financial condition are the Company’s reliance on a small number of clients for a large portion of its revenues, fluctuations in its quarterly results, its ability to continue and manage its growth, liquidity and other capital resources issues, competition and the other factors discussed in detail in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
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