Radiant Systems, Inc. Acquires Property Management Systems Technology from HotelTools, Inc

Business Wire, July 26, 2001

Business Editors

ATLANTA--(BUSINESS WIRE)--July 26, 2001

Asset purchase positions Radiant to deliver comprehensive management

solutions to the hotel industry

Radiant Systems, Inc. (NASDAQ: RADS) today announced its purchase of assets from HotelTools, Inc., an emerging provider of enterprise software solutions for the hospitality industry.

The transaction, which included the purchase of the majority of HotelTools assets, closed on July 26, 2001.

HotelTools, Inc. is a private entity with headquarters in Atlanta, GA. HotelTools' product suite includes solutions to centralize all aspects of multi-property hotel operations, including hotel management, rate management, reservations and procurement under either an Application Service Provider (ASP) or traditional license business model. The Internet-native applications and services facilitate both top and bottom line improvement for hotel owners and operators by enabling real time reporting and management from any computer connected to the Internet. The architecture drives improvement across the enterprise in guest satisfaction and yield management, while eliminating labor intensive processes such as commission processing, night audits and re-keying of accounting data.

"This acquisition is a key strategic move for Radiant to achieve its goal of delivering intelligent technology to industries that serve customers through multiple distributed sites," commented Erez Goren, CEO of Radiant Systems. Goren continues, "With this acquisition, Radiant has a complete suite of applications to manage critical operations functions in the hotel industry. The applications will reside on one management platform and include property management systems, central reservation systems, supply chain management, workforce management, point-of-sale and consolidated reporting."

Seth Christian, CEO for HotelTools, Inc., stated, "HotelTools will benefit from Radiant's experience in providing best of breed applications to the industries they serve. Radiant will add financial stability, infrastructure and a proven track record of innovation to support the HotelTools product in the industry."

About Radiant Systems

Radiant Systems, Inc. (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 (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.

About HotelTools

HotelTools, Inc. has developed the first Internet Enterprise Software for the hospitality industry. As the lodging industry's first ASP truly architected for the future, HotelTools leverages the Internet as a cost-effective communications network, giving hoteliers capabilities previously unavailable to most of the industry.

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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; including the ability to integrate the operations of acquired businesses; (iii) the Company's growth strategy and operating strategy; (iv) the Company's new or future product offerings, and (v) the declaration and payment of dividends. The words "may," "would," "could," "will," "expect," "estimate," "anticipate," "believe," "intend," "plans," and similar expressions and variations thereof are intended to identify forward-looking statements. 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 as a result of various factors. 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 customers for a larger portion of its revenues, fluctuations in its quarterly results, 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 filings with the Securities and Exchange Commission.