Media Contact: |
Latest NewsRadiant Systems Names New Hospitality Channel Distributor for Thailand and VietnamGenex Solutions Co. Ltd. to resell and support Radiant’s hardware and Aloha software ATLANTA (August 26, 2010) — Radiant Systems, Inc. (Nasdaq: RADS) today announced a new reseller agreement with Genex Solutions Co.Ltd., a Bangkok-headquartered technology company, to provide Radiant’s hardware products, Aloha point-of-sale (POS) software and associated services to the Thai and Vietnamese markets. “The Aloha Enterprise solution is a compelling and innovative product offering that we know can bring value and a high return on investment for our local customers,” said Peek Malakul, chief executive officer at Genex Solutions. “Radiant Systems is the market leader within the restaurant industry in the United States, and we are excited to use our expertise in the Asia market to reach both companies’ goals of expansion within this area.” Established in 1995, Genex Solutions is one of the leading end-to-end hotel solutions providers servicing hundreds of hotel chains in the Thailand market. With offices in Bangkok and Ho Chi Minh, the company has a team of more than 40 research and development consultants, systems analysts and technical personnel. Under the new agreement, Genex Solutions will offer sales and support services for Radiant’s hardware and the entire suite of Aloha Enterprise software products. The Aloha Enterprise suite includes point-of-sale software, gift card and loyalty programs, back office solutions and above-store site system management and reporting. “We welcome Genex Solutions as our newest hospitality channel distributor in Asia and look forward to working with them as they continue to grow their business within the restaurant market,” said Mark Schoen, president of the international division at Radiant Systems. “Genex Solutions is committed to delivering innovative solutions to its customers, and the strength of the Aloha Enterprise solution will be a well-suited addition to the products and services that the company already excels in providing.” About Radiant Systems, Inc. About Genex Solutions Co. Ltd. ### 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.
|