MenuLink.NET™ back office selected as centralized solution to reduce costs and streamline reporting
ATLANTA (October 3, 2007) - Expanding its presence in the global hospitality industry, Radiant Systems, Inc. (NASDAQ: RADS) announces that Priszm Limited Partnership, the largest YUM! Brands franchisee in Canada, has selected the MenuLink.NET™ back office system. Under this new agreement, Radiant and Priszm will implement the MenuLink solution in all company locations.
“This agreement represents an important step in developing a long-term, strategic partnership with Radiant,” said Peter Walkey, chief financial officer of Priszm Limited Partnership. “Leveraging the advanced capabilities of the MenuLink system and the expertise of Radiant’s consulting team to guide the implementation we anticipate meaningful reductions in our labor and food costs and significant improvements in our restaurants’ operational efficiency.”
After an extensive evaluation of competing technologies, Priszm Limited Partnership selected the MenuLink back office solution for its comprehensive labor management, food cost management and financial reporting capabilities. Using MenuLink, KFC, Taco Bell and Pizza Hut operators will be better equipped to align labor and inventory with expected customer demand, proactively manage overtime expenses and readily identify causes of food cost variance. The solution’s centralized database and extensive library of built-in reports will provide detailed insight into restaurant performance, including key financial metrics, on a store-level, regional or company-wide basis.
“We are pleased to announce our partnership with Priszm,” said Paul Langenbahn, hospitality division president at Radiant Systems. “Their selection of MenuLink back office and Radiant’s consulting team is a testament to the merit of the solution and our capabilities as a leader in the hospitality technology industry.”
About Radiant Systems, Inc.
Radiant Systems, Inc. (www.radiantsystems.com) is a global leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant`s hardware and software solutions are deployed in more than 85,000 restaurants, retail stores, cinemas, convenience stores, fuel centers, and other customer-service venues across more than 100 countries. Radiant serves the needs of its customers through the dedication of more than 1,100 employees, 325 certified sales and service partners, and 1,800 field service representatives around the world. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States as well as in Europe, Asia and Australia.
About Priszm Income Fund
Priszm Income Fund (TSX: QSR.UN) has a 60.2 per cent interest in Priszm LP and its general partner, Priszm Inc., which owns and operates 484 quick service restaurants in seven provinces across Canada. The KFC, Taco Bell, Pizza Hut and Long John Silver`s restaurants under Priszm, which generated annual revenues in excess of $500 million in 2006, serve 1.5 million customers a week and employ more than 9,000 people. Currently, 97 locations are multi-branded, combining two or more of the Fund`s restaurant concepts. To find out more about Priszm Income Fund (TSX: QSR.UN), visit our website at http://www.priszm.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.