Radiant Systems Announces the Certification of the Radiant Point-of-Sale Solution on the CITGO Credit Network
Certification utilizes the latest specifications available expanding Radiant’s support for multi-branded marketers
ATLANTA (Nov. 14, 2005) — Radiant Systems, Inc. (NASDAQ: RADS) announces the certification of the Radiant Point-of-Sale (POS) solution on the CITGO network for processing credit, debit, prepaid and fleet card transactions at CITGO locations throughout the United States.
The Radiant POS is one of the first POS systems to communicate with the CITGO network utilizing the 8583 specification, the most modern specification available. The CITGO certification enables more than 13,000 marketers of CITGO fuel to take advantage of Radiant’s proven, reliable touch-screen platform and more than 10 years of experience providing technology to petroleum and convenience retailers.
Radiant is committed to expanding the choice of point-of-sale platforms for branded marketers,” said Mark Schoen, president of the Radiant Global Petroleum and Convenience Retail Division. “This certification allows CITGO branded marketers the opportunity to take advantage of a system that combines industry-leading touch-screen technology with unparalleled reliability in fuel control and electronic payments processing.”
The Radiant POS integrates into retailers’ existing back office and pricebook systems through the PCATS-NAXML compatibility standards. Utilizing these standards, Radiant’s open solution improves the detail and breadth of the data provided to the back-office systems while providing consumers with a faster and more convenient shopping experience in the store.
Company Information
Founded in 1985, Radiant Systems, Inc. provides innovative store technology for the hospitality, petroleum and convenience store, and entertainment industries. Radiant’s point-of-sale, self-service kiosk, and back-office technology enables operators to drive top-line growth and improve bottom-line performance. Headquartered in Atlanta, Radiant (www.radiantsystems.com) has deployed its solutions in more than 50,000 sites worldwide.
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.
