Platinum Technology Systems Named as Elite Reseller Partner for Radiant Systems
Platinum extends service area with regional office covering Washington, D.C., Northern Virginia and select areas of Montgomery County, Maryland
ATLANTA (Jan. 30, 2006)—Radiant Systems, Inc.’s (NASDAQ: RADS) hospitality division announces Platinum Technology Systems as an Elite Reseller Partner with the opening of its newest regional office serving the Washington, D.C., Northern Virginia and select areas of Montgomery County, Maryland. Mascott Corporation, Platinum’s parent company, has nearly two decades of restaurant management experience owning and operating more than four concepts across more than 16 sites.
“Platinum has managed tremendous growth adding more than 20 experienced employees in the last year, serving more than 200 restaurant clients,” said Scott Gillman, CEO of Mascott Corporation. “Throughout our history at Mascott, we’ve been on the leading edge of technology to drive sales and reduce costs. The keys to our success have been the ease of use and reliability of the Aloha products and our commitment to outstanding customer service.”
“Platinum’s service focus and ‘perspective of the customer’ plays a key role in its strength and success,” said John Kirk, general manager, Northeast region for the Radiant Hospitality Division Channel Sales. “Scott Gillman’s background as not only a businessman but a restaurateur has given Platinum a unique edge when serving the customer. Scott’s team consistently delivers within the time, cost and quality parameters of the customer. This ‘focus on the customer” is very attractive to our team at Radiant.”
Mascott is a multi-concept restaurant company founded by Marc and Scott Gillman in 1989 with the opening of Markers Harborside Grille, a sophisticated American Grille located in the Harborside Financial Center, Jersey City, New Jersey. Markers operations also include Markers Express, a high volume takeout only outlet located adjacent to Markers Harborside Grille.
Mascott has been a franchisee of Cinnabon World Famous Cinnamon rolls since 1990 and currently operates eight Cinnabon bakeries in Super Regional malls in New Jersey and New York. Mascott has also been a franchisee of Popeyes Chicken & Biscuits since 1999, and currently operates six Popeyes restaurants in New Jersey.
In 2005, Mascott obtained exclusive rights to develop 30 franchised units of the Grilled Mexican Chicken concept, El Pollo Loco (“EPL”). EPL is one of the most successful QSR concepts in the US, with 90 percent of its 330 units located in southern California.
Company Information
Radiant Systems enables restaurant operators to increase sales, control operating costs and build customer loyalty through innovative technology solutions including point-of-sale, back office, enterprise reporting, gift card, loyalty programs, hardware and support. Radiant Systems features the easy to use, award-winning suites of Aloha and MenuLink software products coupled with its reliable, industry-proven hardware products. Radiant Systems' hospitality division is a global technology leader with more than 30,000 sites installed in more than 25 countries.
A publicly traded company since 1997, Radiant’s headquarters is in Atlanta with regional offices in Dallas, Memphis, Los Angeles, Prague, London, Singapore and Melbourne. Radiant has more than 900 employees worldwide and has more than 125 certified sales and service providers. Backed by a global infrastructure, Radiant Systems uniquely offers an end-to-end solution with the easiest to use and most reliable software and hardware in the industry.
Founded in 1985, Radiant Systems, Inc. (www.radiantsystems.com) provides innovative store technology for the hospitality, petroleum and convenience retail, specialty retail and entertainment industries with 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.
