Radiant Systems Increases Focus on China
Rinpak Technology (SH) Ltd. signs partnership agreement aimed at broadening Radiant’s presence in the world’s fastest growing market
ATLANTA (August 6, 2007) — Radiant Systems, Inc. (NASDAQ: RADS) is increasing its sales and support capabilities through a new reseller agreement with Rinpak Technology (SH) Ltd., a leading distributor of innovative technology solutions in Greater China. The agreement enables Rinpak to sell and support Radiant’s comprehensive suite of hospitality software and hardware solutions to operators in China’s rapidly growing restaurant industry. This new partnership adds to Radiant’s existing presence in China through manufacturing partnerships and positions the company to serve not only new customers, but also support existing Radiant customers as they expand their businesses in Asia.
Headquartered in Shanghai, Rinpak has distributed and supported leading software solutions since 2001 and currently serves thousands of retail sites across multiple regions in China. The company’s experience crosses multiple product lines, including point-of-sale and business intelligence solutions, and diverse retail market segments, ranging from specialty merchants to big-box retailers.
“Rinpak has experienced enormous success by partnering with leading technology providers in each of the markets we serve,” said Kent Chen, chief executive officer of Rinpak Technology Holdings Ltd. “Radiant’s combination of easy-to-use, reliable technology and an established customer base, which includes some of the world’s most recognized food service brands, makes them an ideal partner for Rinpak as we look to move into the restaurant market.”
With an existing manufacturing presence in China, Radiant will build on the partnership with Rinpak to further expand its presence in China and the broader Asia region. Through other partner organizations, Radiant has maintained significant manufacturing operations in China to produce some of its core hardware platforms, including the P1220 point-of-sale terminal. The reseller agreement with Rinpak will build on local sales, implementation and support capabilities through a company with proven success in the region.
“Establishing a sales and support channel through Rinpak demonstrates our commitment to meeting the business needs of the global retail and hospitality industry as well as our confidence in them as a partner,” said Andy Heyman, chief operating officer at Radiant Systems. “We have continued to watch the market in China grow to be one of the largest in the world and we feel that the timing is appropriate to pursue this expansion. While the competitive forces are unique in the various regions of China, our message to customers continues to be the same -- they want Radiant to deliver the same innovative, easy-to-use technology that we've brought to other countries."
“China represents a major opportunity for Radiant and our customers. Securing the right local partner is critical to our growth in the region,” said David Griffin, vice president of international business for the Radiant Hospitality Division. “Rinpak’s team has demonstrated their ability to deliver and support proven technology across multiple markets, and we look forward to developing a long-term, strategic partnership with them.”
About Radiant Systems, Inc.
Radiant Systems, Inc. (www.radiantsystems.com) is a global leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's hardware and software solutions are deployed in more than 85,000 restaurants, retail stores, cinemas, convenience stores, fuel centers, and other customer-service venues across more than 100 countries. Radiant serves the needs of its customers through the dedication of more than 1,100 employees, 325 certified sales and service partners, and 1,800 field service representatives around the world. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States as well as in Europe, Asia and Australia.
About Rinpak
Rinpak Technology (SH) Ltd. is the subsidiary of Rinpak Technology Holdings Ltd., the distributor and supporting center of many international renowned solution vendors in China, Hong Kong and Taiwan. Rinpak not only provides integrated retail solution including logistics, stocks, retail terminal management and BI, but also focuses on enhancing enterprise’s competitive edge through the implementation of our solutions. Our outstanding solutions feature Business Intelligence (BI), Artificial Intelligence (AI), Business Optimization (BO), Merchandize Optimization Management, Point-of-Sales (POS) and Supply Chain Management (SCM). For more information about Rinpak, please visit www.rinpak.com
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. 
