Business Services Industry
TOSCO Marketing Company Selects Radiant Systems Integrated Retail Solution
Business Wire, March 5, 1999
ATLANTA--(BUSINESS WIRE)--March 5, 1999--
Tosco Marketing Company will Implement Radiant Systems' Full
Suite of Site Level and Headquarters Solutions in Tucson Market
Radiant Systems, Inc. (Nasdaq: RADS), a leading provider of integrated technology solutions to retailers worldwide, announces that Tosco Marketing Company will implement Radiant Systems' Compu-Touch Point of Sale and Core-Tech Back Office and Headquarters Management System in a 114 store implementation in the Tucson market.
Mick Parker, Tosco's Vice President of Retail Development, comments, "The 114 store Tucson implementation will allow us to ensure we are maximizing our return on investment, test and refine our business processes, and refine our rollout training and support plan."
The integrated implementation will build off the initial phase of the Core-Tech Headquarters Management System implementation and will enable scanning and item-level inventory management, Electronic Price Book Control, Category Management, and Electronic Data Interchange (EDI). The solution will improve the efficiency of Tosco's site operations and provide greater control and information to the corporate headquarters. Mick Parker adds, "We are leveraging Radiant Systems' expertise to help develop best practice processes, assist in managing the implementation process, and make sure that the organization embraces and executes the change needed to achieve our goals. Radiant Systems is much more than a technology vendor to Tosco. They are one of many strategic alliances that are critical to our long-term success."
Jon Bolen, Solutions Director at Radiant Systems, comments, "We are thrilled to be extending our relationship with Tosco. They have demonstrated the commitment to resources and strategic focus to successfully create a world class retail organization. Our goal is to provide the tools, knowledge, and processes to enable the Tosco team to drive lasting change and value in their organization."
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. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to; economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.
Company Information
Radiant Systems, Inc. provides integrated technology solutions to the retail industry. These solutions include consumer-activated ordering, point of sale, back office management, headquarters management, and decision support systems. The company also provides a full range of solution design, implementation, and support services. The company is headquartered in Atlanta and has installations in thousands of retail sites around the world.
Tosco Marketing Company serves as the retail-marketing arm of the Stamford, Conn.-based Tosco Corporation (NYSE: TOS). With $12 billion in annualized revenues, Tosco Corporation is one of the largest independent refiners and marketers of petroleum products in the U.S., and is the nation's largest operator of company-controlled convenience stores. Tosco Corp. is responsible for marketing a family of well-known convenience store and gasoline brands including 76, Circle K, BP, Exxon across a system of over 5000 locations in 34 states of which 2,200 are company owned and operated.
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