America Online and Radiant Systems Announce Strategic Partnership to Develop & Deploy Consumer Interactive Services for Point-of-Sale Devices.DULLES, Va.--(BUSINESS WIRE)--Aug. 3, 1999-- America Online See AOL. , Inc., (NYSE NYSE See: New York Stock Exchange : AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) today announced a strategic partnership with Radiant Systems, 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 :RADS) for the development of consumer interactive services for deployment on point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) devices. The multi-year agreement provides extensive promotional opportunities at the retail level and will potentially enable consumers to receive e-mail and other real-time information at retail locations around the world. As part of the agreement, AOL will make a strategic investment in Radiant Systems as well as fund and participate in a new joint venture. Radiant Systems is a leading provider of integrated technology solutions that provide business management solutions at the point of sale for retailers worldwide, including thousands of fuel service stations, convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , restaurants and entertainment venues. These systems will increasingly offer consumers interactivity -- be it checking their e-mail while refueling at a gas station or checking the latest news, weather or sports while seated in a pizza parlor. In conjunction with the deployment of Radiant point-of-sale platforms enabling interactivity, multiple AOL brands will deliver value-added, consumer interactive services to high-traffic retail establishments worldwide. One immediate application of the partnership includes seamlessly integrating AOL Moviefone, the nation's leading movie listing guide and ticketing service, in Radiant hardware and software solutions for the movie theater industry. The agreement is a further example of America Online's 'AOL Anywhere' strategy in which the Company looks for new and innovative means to extend AOL's trademark ease-of-use and convenience and become an even more integral part of people's lives. The partnership also supports AOL's multiple-brand strategy and provides extensive promotional opportunities at the retail level. "We're thrilled to be working with Radiant on new and innovative platforms to market and deliver convenient interactive experiences to millions of consumers whether they're online or in line at a movie theater, restaurant, convenience store or gas station," said Donn Davis, 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 AOL Interactive Properties Group. "We have designed and brought to market a number of interactive consumer devices, enabling retailers to better serve their customers. As we finalize our strategy for designing and connecting digital devices in the retail industry, it has become clear that a strong alliance with a provider of interactive services would help advance our vision. Our alliance with AOL will allow us to jointly deliver interactive services to consumers, and position Radiant Systems and its clients to benefit from the digital age," said Erez Goren, Co-Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Radiant Systems. About Radiant Systems, Inc. Radiant Systems, Inc. provides integrated technology solutions to the retail industry. These solutions include consumer-activated technologies, point of sale systems, site management software, headquarters management software, and decision support systems. The Company also provides a full range of solution design, implementation, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The Company is headquartered in Atlanta and has deployed its technology in tens of thousands of retail sites around the world. For more information about the Radiant Systems, visit the website at www.radiantsystems.com. About America Online, Inc. Founded in 1985, America Online, Inc., based in Dulles, Virginia Dulles, Virginia is an unincorporated census-designated place located in Loudoun County, Virginia, part of the Washington Metropolitan Area. The headquarters of AOL, Orbital Sciences Corporation and ODIN technologies and the former headquarters of MCI Inc. are located in Dulles. , is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 17 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ ("I Seek You") A conferencing program for the Internet from Mirabilis, Tel Aviv, Israel (www.icq.com). It provides interactive chat, e-mail and file transfer and can alert you when someone on your predefined list has also come online. , AOL Instant Messenger See AIM. and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; the Netscape Navigator and Communicator browsers; AOL MovieFone, the nation's # 1 movie listing guide and ticketing service; and Spinner Networks and WinAmp, leaders in Internet music. Through its strategic alliance with Sun Microsystems, the Company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy. |
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