Radiant Systems Selected for BURGER KING® Restaurants in Middle East and North Africa
Aloha Point of Sale to be implemented at more than 90 locations owned by Olayan Group in Saudi Arabia, UAE and Egypt
ATLANTA, (March 19, 2008) — Radiant Systems, Inc. (NASDAQ: RADS), a leading provider of innovative technology to the global retail and hospitality industries, announces that Olayan Food Services Company (OFSC) has selected Aloha QuickService Point of Sale (POS) for its BURGER KING® restaurants in the Middle East and North Africa. The agreement positions Radiant to deliver its solution to more than 90 BURGER KING® restaurants through its Middle East channel partner Professional Solutions.
“Radiant’s solution offered the best combination of stability and ease of use,” said Tom Xavier, information technology manager of OFSC. “We thoroughly evaluated the solution along with competing products and were convinced about its superior features. Equally important in our selection process was Radiant’s channel partner, Professional Solutions. With its vast experience in the retail space and matching knowledgebase, Professional Solutions was uniquely positioned to address technology requirements specific to our business.”
OFSC is part of The Olayan Group (www.olayan.com). It owns and operates more than 90 BURGER KING® restaurants in Saudi Arabia, United Arab Emirates and Egypt. Professional Solutions will configure and implement the solution, which includes the Aloha QuickService POS and Aloha Kitchen Display System.
“The solution’s flexible configuration, exceptional reliability, and robust integration capabilities make it a highly effective and adaptable system for food service companies in our region,” said Wael Mousa, general manager of Professional Solutions. “In addition to the proven technology, Radiant’s support has been invaluable in helping us establish and build a successful relationship with The Olayan Group.”
“We are pleased with The Olayan Group’s selection of our solution for their BURGER KING® restaurants in the Middle East, and we look forward to working with Professional Solutions to ensure a smooth rollout,” said David Griffin, vice president of international business for Radiant Systems’ Hospitality Division. “This agreement is another example of Radiant’s ability to deliver and support advanced technology solutions on a global scale.”
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 point of sale 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 The Olayan Group
The Olayan Group and the Burger King Corporation have been partners in Saudi Arabia and the Arab Middle East since the early 1990’s. Olayan opened its first BURGER KING® restaurant in Riyadh in December 1992. It now operates more than 200 restaurants in the region in Kuwait, Saudi Arabia, the UAE, Lebanon, Jordan, Qatar, Egypt and Bahrain. Driving this aggressive business development is a commitment to provide Middle Eastern consumers with superior products, choice, value, service and convenience. The Middle East team strives for brand leadership and market optimization. Together with the dedicated franchisees in each country, the Olayan Group prides itself on assisting Burger King Corporation in building a world class franchising organization for the region.
About Professional Solutions
Professional Solutions is a locally owned company that operates from the Kingdom of Saudi Arabia and covers the Middle East. As a Radiant channel partner, Professional Solutions distributes the Aloha point-of-sale system throughout the Middle East, delivering mission critical solutions and improving the business success of its customers. The head office is located in Riyadh-KSA with branch offices in Bahrain.
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.
