AFC Enterprises to Deploy Radiant Systems Software.Business Editors ATLANTA--(BUSINESS WIRE)--May 8, 2002 Radiant Systems state-of-the-art technology is key to AFC's position as Franchisor of Choice(R) AFC Enterprises AFC Enterprises NASDAQ: AFCE is the Atlanta-headquartered company that owns Popeye's Chicken & Biscuits. AFC Enterprises is a publicly-traded company. AFC was formerly the franchiser of Seattle's Best Coffee and Cinnabon. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AFCE AFCE Automatic Flight Control Equipment AFCE Approval for Capital Expenditure ) announced plans to purchase the Radiant 6e(TM) Enterprise Productivity Suite from Radiant Systems, Inc. (NASDAQ: RADS) as a new back-office software system for deployment at approximately 500 company-operated restaurants, bakeries and cafes. As part of this strategic partnership, Radiant Systems, Inc. will offer its Radiant 6e Enterprise Productivity Suite to AFC's approximate 3,000 franchised units, worldwide, as a preferred provider. AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. currently franchises and operates five brands -- Church's Chicken Church's Chicken is a U.S. chain of fast food restaurants specializing in fried chicken. The chain was founded as Church's Fried Chicken To Go by George W. Church, Sr. on April 17, 1952 in San Antonio, across the street from The Alamo. (TM), Popeyes(R) Chicken & Biscuits, Cinnabon(R) World Famous Cinnamon Rolls, Seattle's Best Coffee Seattle's Best Coffee is a specialty coffee retailer and wholesaler based in Seattle, Washington, USA. It became part of Starbucks Corporation on July 14, 2003. Its international division is owned by FOCUS Brands, Inc. (R), and Torrefazione Italia Torrefazione Italia café first opened in Seattle, Washington, in 1986. Espresso, coffee and baked goods were served in their cafés. Umberto Bizzari, Torrefazione's founder teamed up with Stewart Brother's Coffee (later renamed Seattle's Best Coffee) founder, Jim Stewart in (R) Coffee. A key component of AFC's Franchisor of Choice(R) strategy is creating model markets around company-operated restaurants, bakeries and cafes and establishing best practices which the company can share with its franchisees. Over the next 12 months, Radiant 6e applications will be deployed in all five of AFC's brands. The solution includes Workforce Management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. , Purchasing, Recipe and Inventory Management, Operations Management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. and Consolidated Reporting. The benefit drivers for AFC are expected to include reduced labor costs, improved customer service, more effective decision-making and reduced administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. through centralized data, recipe and menu management. As a result, managers should spend less time on administration and more time on continuing to satisfy the needs of their guests. "Radiant's 6e software suite offers us a comprehensive technology toolset to help our brands better manage their businesses," said Dick Holbrook, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of AFC. "These tools should help our operating companies and our franchise partners to improve profitability and increase operational efficiencies." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Margaret Godsea, AFC's Chief Information Officer, "The Web-based technology platform will allow cost-effective implementation and easy integration with our restaurants, bakeries and cafes. We can effectively leverage this investment across our enterprise without adding major costs into the system." "AFC's selection of Radiant as a partner is a true endorsement of our product and a great investment for a franchised system like AFC's," said Jeff Edwards, General Manager of Radiant's Hospitality Industry Group. "Our people will strive to deliver exceptional value to AFC and work with its system to ensure these same benefits are available on a world-wide basis." Company Information Radiant Systems, Inc. helps companies improve product profitability, employee productivity and customer service through use of innovative technology. Radiant's mission is to enable businesses to achieve operational excellence through intelligent technology. To accomplish this mission, Radiant combines powerful technology platforms, deep industry knowledge and strategic partnerships to deliver strong returns on systems investments for companies ranging in size from single site operators to multinational corporations
AFC Enterprises, Inc. is the franchisor and operator of more than 3,857 restaurants, bakeries and cafes in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , and 33 other countries under the brand names Church's Chicken(TM), Popeyes(R) Chicken & Biscuits, Cinnabon(R), Seattle's Best Coffee(R), and Torrefazione Italia(R) Coffee. AFC's primary objective is to be the world's Franchisor of Choice(R) by offering investment opportunities in highly recognizable brands and exceptional franchisee support systems and services. AFC had system-wide sales of approximately $2.6 billion in 2001 and can be found on the World Wide Web at www.afce.com. Forward-Looking Statements. Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; including the ability to integrate the operations of acquired businesses; (iii) the Company's growth strategy and operating strategy; (iv) the Company's new or future product offerings, and (v) the declaration and payment of dividends. The words "may," "would," "could," "will," "expect," "estimate," "anticipate," "believe," "intend," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. 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 as a result of various factors. 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 customers for a larger portion of its revenues, fluctuations in its quarterly results, 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 filings with the Securities and Exchange Commission. Certain statements in this release, and other written or oral statements made by or on behalf of AFC or its brands, are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the cost and availability of our principal food products, increased energy costs, labor shortages or increased labor costs, our ability to franchise new units and expand our brands, our and our franchisees' ability to successfully operate existing units and open new units, changes in consumer preferences and demographic trends, competition, general economic, political and regulatory conditions and the risk factors detailed in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 30, 2001 and the other documents we file with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, since those statements speak only as of the date they are made. |
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