Hestia Holdings Selects Radiant Systems’ POS and Back Office Solution
Multi-brand restaurant operator will implement integrated technology to boost efficiencies, drive sales growth
ATLANTA (April 17, 2007) — Radiant Systems, Inc. (NASDAQ: RADS), a leading provider of technology to the hospitality and retail industries, announces an agreement with Hestia Holdings to deploy its Aloha Point-of-Sale (POS) and MenuLink.NET™ back office solution. Hestia Holdings, a private equity acquisition business, owns three diversified restaurant concepts in 22 states. The operator will leverage the integrated system to reduce labor and food costs, streamline restaurant operations and drive revenue growth.
Hestia Holdings will utilize the full suite of Radiant products to enhance its site operations and optimize above-store management processes. Radiant will provide Hestia Holdings with a complete site solution, including software and hardware for point-of-sale, kitchen displays, electronic payments processing and back office management. Radiant will provide enterprise tools to help Hestia Holdings forecast, schedule labor and electronically order inventory. In combination, this solution will help Hestia Holdings improve customer service, drive operational efficiencies and better control labor and food costs.
“The breadth and depth of Radiant’s technology offering are unsurpassed in the industry today,” said Adam Romo, chief financial officer of Hestia Holdings. “The solution will provide the features, reliability and ease of use we need to increase efficiencies in our restaurants. It will generate better control of food and labor costs and support customer-marketing initiatives, such as our gift card program, that are critical to our continued growth and profitability.”
“Hestia Holdings’ selection of the integrated Aloha and MenuLink solution exemplifies how today’s progressive restaurant operators are turning to innovative technology to drive growth and cost reductions,” said Paul Langenbahn, vice president of North American sales and marketing for the Radiant Hospitality Division. “We look forward to partnering with Hestia Holdings to leverage these best-in-class applications to help enhance the customer experience while optimizing efficiencies within their business.”
About Radiant Systems, Inc.
Radiant Systems, Inc. (www.radiantsystems.com) is a leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's hardware and software products have been deployed in over 60,000 sites across more than 100 countries. Radiant has approximately 1,000 employees worldwide, 325 certified sales and service partners and over 1,800 field service representatives. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States and in Europe, Asia and Australia.
This press release may contain “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. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. 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. 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 clients for a large portion of its revenues, fluctuations in its quarterly results, its 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 periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements. 
