Radiant Systems Selected as Exclusive Point of Sale Provider for Wawa Inc.
ATLANTA -- Radiant Systems Inc. (NASDAQ: RADS) announced today an agreement with Wawa Inc. to deploy Radiant Point of Sale and related technology to more than 570 locations with the award-winning convenience retailer.
"We are looking to improve the customer experience and grow," said Howard Stoeckel, president and chief executive officer at Wawa Inc. "We view Radiant as a key enabler to these strategic initiatives."
Since 2001, Radiant has provided self-service technology for Wawa's industry-leading food offering, often deploying as many as five customer-activated terminals per site to enable consumers to quickly and accurately select their orders from the retailer's extensive menu. Wawa's new decision extends Radiant technology to the traditional point of sale as well as fuel controllers and above-store management software. Key criteria in Wawa's selection of Radiant POS included speed of service, data and credit card security, speed to market of marketing programs, system uptime and total cost of ownership.
"Wawa is a true industry leader; defining what the convenience retail experience will look like for years to come," said Mark Schoen, president of the global petroleum and convenience retail division at Radiant Systems. "We are proud to expand our relationship with one of the industry's most remarkable brands, as we work together to do more for the consumer both in the store and at the fuel dispenser."
About Radiant Systems Inc.
Headquartered in Atlanta, Radiant Systems Inc. (Nasdaq: RADS) is a global provider of innovative technology to the hospitality, retail, and entertainment industries. For more than two decades, Radiant's point of sale hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues. Radiant has offices in North America, Europe, Asia and Australia. For more information, visit www.radiantsystems.com
About Wawa Inc.
Wawa Inc., a privately held company, began in 1803 as an iron foundry in New Jersey. Toward the end of the 19th Century, owner George Wood took an interest in dairy farming and the family began a small processing plant in Wawa, Pa, in 1902. The milk business was a huge success, due to its quality, cleanliness and "certified" process. As home delivery of milk declined in the early 1960's, Grahame Wood, George's grandson, opened the first Wawa Food Market in 1964 as an outlet for dairy products. Today, Wawa operates more than 570 stores in Pennsylvania, New Jersey, Delaware, Maryland and Virginia.
Certain statements contained in this press release are "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. 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.
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|Date:||Jun 30, 2008|
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