Radiant Systems Announces New Organization

Business Wire, Jan 9, 2002

Business Editors

ATLANTA--(BUSINESS WIRE)--Jan. 9, 2002

Corporate Structure Facilitates Focus on Existing Markets and Fosters

New Opportunities around Enterprise Productivity Suite of Products

Radiant Systems, Inc. (NASDAQ: RADS) announced the formation of two separate operating groups within the Company to support its mission of enabling businesses to achieve operational excellence through intelligent technology.

Radiant's Industry Solutions unit will be responsible for offering integrated solutions, including the Radiant Point of Sale and Enterprise Productivity Suite of products, to the Petroleum & Convenience Store, Grocery, Entertainment, Quick and Table Service Restaurants, and Lodging markets. Radiant's Enterprise Productivity unit will focus on marketing the Radiant's Enterprise Productivity Suite of products to the General & Specialty Retail markets and other industries.

With the creation of these new operating groups, John Heyman will be promoted to the position of Co-Chief Executive Officer of Radiant Systems and will be directly responsible for Radiant's Industry Solutions unit. Mr. Heyman will also maintain his position as Chief Financial Officer of Radiant Systems.

Erez Goren will become Co-Chief Executive Officer of Radiant Systems and will have direct responsibility for Radiant's Enterprise Productivity unit. Mr. Goren will continue to serve as Co-Chairman of the Company's Board of Directors with Alon Goren, the Company's Chief Technology Officer. Additionally, the Company has announced that Evan Grossman, who has served on the Company's Board of Directors since 1997, will join the Company as an Executive Vice President of Radiant's Enterprise Productivity group.

Mr. Goren commented, "Our investment in the Enterprise Productivity Suite of applications has been significant--in the tens of millions of dollars. A number of retailers and other businesses have shown interest in applying this solution to their markets. To maximize the return on our investment and to develop new avenues of growth for Radiant, my focus will shift to developing new partnerships and markets around this new generation of software. While I believe our current markets will continue to generate a majority of our revenues in the near future, I also believe it is important for us to leverage our products into new markets. I am pleased Evan Grossman has elected to join us in this exciting new endeavor."

Mr. Goren continued, "As we broaden our scope to address new business opportunities, it is imperative we maintain a focus on serving the clients and markets that have been driving the vast majority of our revenues and continue to have excellent growth prospects. John Heyman's leadership over the past six years has helped position Radiant for what we believe is a very bright future. He has provided thoughtful leadership in how we bring our products to market, guided us through our initial public offering, led successful acquisition efforts and helped create an infrastructure to take our Company to the next level. The growth opportunities in our current markets, and the ability to harness these opportunities in the small business and international arena are significant. I believe John will provide the direction to allow Radiant to maximize its potential in these industries and sectors."

Mr. John Heyman added, "This is one of the most exciting times in Radiant's history. The hard work of hundreds of people has created a new generation of Point of Sale and Enterprise Productivity solutions that will be the foundation of Radiant's growth for years to come. The results of this work have been validated by the confidence expressed by client commitments across our industries. We now have before us the opportunity to translate these products and client commitments into broader penetration of our markets, including exciting opportunities internationally and across our reseller base. We have an excellent team to execute our mission and I am proud to be a part of it."

Company Information

Radiant Systems, Inc. helps companies improve product profitability, employee productivity and customer service through use of innovative technology. Radiant's mission is to enable businesses to achieve operational excellence through intelligent technology. To accomplish this mission, Radiant combines powerful technology platforms, deep industry knowledge and strategic partnerships to deliver strong returns on systems investments for companies ranging in size from single site operators to multinational corporations. Headquartered in Atlanta, Radiant Systems (www.radiantsystems.com) has deployed its solutions to tens of thousands of sites worldwide.

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.