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Latest NewsRadiant Systems Is Selected by Shell* as a Technology Provider for Asia Pacific RegionFirst project will deploy Radiant POS in more than 500 petrol stations in Malaysia SINGAPORE (March 28, 2005) – Shell Eastern Petroleum (Pte) Ltd. (“Shell”), a member of the Royal Dutch/Shell Group of Companies, has entered into a five-year master arrangement with Radiant Systems, Inc. (NASDAQ: RADS) for the supply of point-of-sale (POS) software, back office software and related services across the Asia Pacific region. The deployment of a standard POS system across the region is viewed by Shell not only as a tool for increasing the speed of customer service, but also as a tool for the implementation of standardized operational processes across Asia Pacific. The first market where Shell and Radiant Systems are cooperating under this five-year agreement is Malaysia, where new point-of-sale and related systems are being deployed to comply with the country’s Europay, Mastercard, and Visa (EMV) standards for the acceptance of credit cards at retail sites. “Major oil companies are seeking technology suppliers who can serve their needs across regions or around the world,” said Mark Schoen, president of the Radiant Global Petroleum and Convenience Retail Division. “Radiant can deliver proven touch-screen point-of-sale systems along with comprehensive services to any market that is strategic for our customers.” Company Information * Shell refers to the Royal Dutch/Shell Group 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. |