Compass Group Embraces Web-Enabled Business Applications from Radiant Systems.Business Editors ATLANTA--(BUSINESS WIRE)--May 30, 2000 Agreement Cited as Strong Evidence of Industry Acceptance of the Radiant Systems' Offering Radiant Systems (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) announced today that the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. subsidiary of Compass Group The British company Compass Group LSE: CPG is one of the largest food service businesses in the world. It provides catering services to many types of institutions, for example schools, hospitals, companies and nursing homes. PLC (London: CPG CPG central pattern generators. .L), the world's largest food service company, has made a five-year commitment to Radiant Systems' Web-enabled management software. The terms of the arrangement call for Compass Group North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to use the software in a minimum of 2,000 sites with implementation expected to commence later this year. In addition, Compass will execute all in-store purchasing for these sites through Radiant Systems' online digital marketplace solution. The electronic business applications and the digital marketplace capabilities that will be implemented for Compass fall under the range of solutions covered by Radiant Systems' marketing and product development arrangement with Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ). "By utilizing Microsoft's Windows DNA (Distributed InterNet Architecture) An umbrella term for Microsoft's enterprise network architecture built into Windows 2000. It includes all the following components that collectively provide a Web-enabled infrastructure for an organization. platform to meet demanding integration and scalability requirements and Radiant's deep industry knowledge, Compass will be able to leverage an ideal and innovative retail solution for competitive performance in the business-to-business marketplace," said Rebecca Kaske, Director of B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and Retail for Microsoft Corp. Wave(TM), Radiant's Web-enabled, centrally hosted management software, is the enterprise-wide platform that will serve as a single point of access for retail business applications and intelligence for Compass. Designed specifically for the retail environment, Wave TM enables businesses to perform procurement, inventory management, employee management, and enterprise management functions in a Web-enabled environment that facilitates rapid deployment of new technology and tight integration of site and chain-wide data. . Wave TM is accessible to users anywhere with any device that has a Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . "We expect to see enormous benefits from the efficiencies of digitally integrating our food service sites with our supply chain," said Gary Green, Chief Executive Officer of Compass Group North America. "In addition, we feel confident that the Web-enabled architecture of the Radiant Systems solution will allow us to deploy sophisticated software applications much more efficiently across our geographically dispersed operations." "Our focus in this relationship is to drive significant bottom-line benefits to Compass," said Andy Heyman, Division President of Radiant Systems. "The Web is a great foundation for our clients to build more efficient processes. We expect this architecture and our approach to software application deployment to be widely accepted throughout retail." Company Information Compass Group (London: CPG.L) is the world's largest food service company, with operations in more than 70 countries. Its operating units, including Eurest, Chartwells, and Medirest, provide hospitality at airports, hospitals, and schools. Compass operates some 4,500 company-owned eateries like Upper Crust and Ritazza, and franchises several Pizza Hut, Burger King, and Sbarro outlets. Its Eurest unit also provides corporate services for clients like Microsoft, British Airways, and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom. In addition, the company has the food service contract for the 2002 Winter Olympics in Salt Lake City. Radiant Systems (NASDAQ: RADS) is a leader in delivering innovative technology solutions to businesses that serve the consumer. These solutions include transaction-processing and management systems that support enterprise processes for clients ranging in size from multi-national to single-site operators. Radiant's mission is to use its technology to eliminate billions of dollars of operational and logistical inefficiencies from the markets that the company serves. Headquartered in Atlanta, Radiant Systems (www.radiantsystems.com) also provides comprehensive client care and consulting services to maximize speed of implementation and the client's return on investment. Radiant's solutions are deployed at hundreds of companies worldwide and currently process more than two billion transactions annually. 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. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to; economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. |
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