Radiant Systems, Inc. Announces License Agreement with Regal Cinemas, Inc.ATLANTA--(BUSINESS WIRE)--Oct. 6, 1998-- Regal Cinemas selects Radiant Systems as provider for theatre management system 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), a leading provider of integrated technology solutions to retailers worldwide, announces that Regal Cinemas has signed a software license agreement for all existing Regal and ACTIII sites. This agreement was signed following successful implementation of Radiant Systems' site-based entertainment solution in approximately 140+ Regal Cinemas sites. Regal Cinemas is now in the process of rolling out Radiant Systems' products throughout both ACTIII and remaining Regal sites. Approximately 25 more sites will be installed in the remainder of 1998. Regal's J.E. Henry, V.P. of I.S., says, "Radiant Systems has been our strategic partner for over three years and we are jointly committed to a premier partnership. This agreement allows us to meet both our current and future retail technology needs." Chris Lybeer, Vice President/Managing Director, Radiant Systems Entertainment Industry Group, says, "We are extremely excited about our ongoing relationship with Regal Cinemas. Their aggressive growth and technology plans, along with their innovative approach, are very consistent with Radiant Systems goal of 'revolutionizing the consumer experience'." Regal and ACTIII represent 2 of the top 11 theatre circuits in the nation, 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. the 1998 Box Office survey. As a combined entity, Regal is now the largest circuit in the business. Radiant Systems is actively installing solutions with 6 of the top 11 circuits at this time. Regal Cinemas is jointly owned by Hicks, Muse, Tate & Furst Incorporated and Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. & Co.(KKR KKR Korringa-Kohn-Rostoker (method) KKR Kohlberg, Kravis & Roberts & Co. KKR Kalkara (postal locality, Malta) KKR Kramers-Kronig Relations KKR Komarappa Gounder Ramalingam (hospital in India) ) and is the nation's largest motion picture exhibitor operating 3,300 screens at 388 locations in 29 states. The company, founded in 1989, is headquartered in Knoxville, Tennessee “Knoxville” redirects here. For other uses, see Knoxville (disambiguation). Founded in 1786, Knoxville is the third-largest city in the state of Tennessee, behind Memphis and Nashville, and is the county seat of Knox CountyGR6. . Regal Cinemas currently operates facilities in the following states: Alabama, Alaska, Arkansas, California, Delaware, Florida, Georgia, Idaho, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Missouri, Nevada, New Jersey, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , Tennessee, Texas, Virginia, Washington and West Virginia. 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 which 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. Company Information Radiant Systems, Inc. provides integrated technology solutions to retailers in the petroleum/convenience store, automotive, entertainment, and hospitality industries. These solutions include consumer-activated ordering, point of sale, back office management, headquarters management, 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 installations in thousands of retail sites around the world. |
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