Tosco Marketing Company Commits to Radiant Systems for Circle K Stores

Business Wire, June 12, 2000

Business Editors

ATLANTA--(BUSINESS WIRE)--June 12, 2000

Radiant Viewed as Strategic Partner by Tosco Management

Radiant Systems, Inc. (NASDAQ: RADS) announced today that Tosco Marketing Company, the retail marketing arm of Tosco Corporation (NYSE: TOS), will implement Radiant Systems' technology throughout its company-operated stores in the United States. Building on a successful systems and consulting relationship, this new agreement commits the two companies to implement Radiant's Lighthouse Point of Sale in all of Tosco's corporate-owned sites by 2003. In addition, Radiant Systems will market its technology offerings into Tosco's 3,000-strong franchisee and jobber community.

Lighthouse POS is a cross-industry, 32-bit application that operates in both the Windows NT and Windows CE environments. With more than 15,000 terminals deployed in convenience stores, cinemas, and quick service restaurants in the United States and overseas, Radiant believes that Lighthouse POS is one of the most stable and reliable systems for meeting the demands of extremely high-volume customer service environments.

Tosco's commitment to Lighthouse POS comes in the context of its company-wide reengineering initiative called the Retail Enterprise Program. "Radiant Systems is more than a technology vendor to Tosco," said Rich Reinken, Chief Information Officer for Tosco Corp. "They represent one of many strategic alliances that are critical to the success of our Retail Enterprise Project."

A Radiant Systems dedicated consulting team has worked closely with Tosco on the Retail Enterprise Program. "We have worked together to determine best practices, understand the change management requirements, and make the changes lasting," said Jon Bolen, Managing Director of the Petroleum and Convenience Store Industry Group at Radiant Systems.

Company Information

Tosco Marketing Company serves as the retail-marketing arm of the Stamford, CT-based Tosco Corporation [NYSE: TOS]. With $15 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, and Exxon across a system of over 5,200 locations in 38 states, of which 2,600 are company owned and operated.

Radiant Systems (NASDAQ: RADS) is a leader in delivering innovative technology solutions to businesses that serve the consumer. These solutions include transaction-processing and management systems that support enterprise processes for clients ranging in size from multi-national to single-site operators. Radiant's mission is to use its technology to eliminate billions of dollars of operational and logistical inefficiencies from the markets that the company serves. Headquartered in Atlanta, Radiant Systems (www.radiantsystems.com) also provides comprehensive client care and consulting services to maximize speed of implementation and the client's return on investment. Radiant's solutions are deployed at hundreds of companies worldwide and currently process more than two billion transactions annually.

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 that 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.