Business Services Industry

Panda Restaurant Group Launches Gift Card Program with Gift Card Solutions

Business Wire, Sept 29, 2005

BRENTWOOD, Tenn. -- Louisville-based Stored Value Systems, a leading national supplier of gift cards, and its Salt Lake City-based minority marketing partner, Gift Card Solutions (GCS), today announced an agreement to provide gift card services for Panda Express restaurants operated by Panda Restaurant Group. Panda Express is the nation's largest Chinese quick-service restaurant chain, with nearly 750 locations in 36 states.

Available now at participating Panda Express, restaurants, the gift cards are available to guests in any amount between $10 and $100. They can be used for food or beverages, and for individual meals as well as catering orders for groups.

"Working with a team as professional and successful as Panda Restaurant Group is a real source of pride for us," said John B. Bechard of Gift Card Solutions. "Panda Restaurant Group has a very loyal customer base that will embrace this program and increase sales at their nearly 750 Panda Express restaurant locations."

"Gift Card Solutions demonstrated to us that they have the sophisticated tracking mechanisms in place that are so important when judging the success and impact of an electronic gift card program," Panda Restaurant Group Executive Director of Marketing Anna Yee Nero said. "We believe this program will offer our guests the opportunity to share the wokked fresh flavors of Panda Express with friends, family members or co-workers. At Panda Express, lunch is ready and dinner is served!"

About Stored Value Systems

Since introducing the first-ever magnetic-striped retail gift card to shoppers in 1995, Stored Value Systems, Inc. (SVS) is one of the world's leading providers of electronic gift cards and other card-based transaction programs. International retailers rely on SVS to create customer loyalty, increase sales and strengthen their competitive position in the retailer marketplace. Headquartered in the United States, SVS is a wholly owned subsidiary of Comdata(R) Corporation. For more information, visit www.storedvalue.com.

About Gift Card Solutions (GCS)

Based in Salt Lake City, Gift Card Solutions provides electronic-based gift products and services. The company manages the creation, processing, printing and fulfillment of gift cards. Electronic gift cards utilize magnetic swipe card technology, allowing gift card transactions to be processed real-time via a secure network. Gift Card Solutions also offers hosted e-commerce services for online gift certificate ordering, and customized point-of-purchase materials to drive gift certificate sales throughout the year. For more information, visit www.GiftCardSolutions.com or call 888-739-9971.

About Comdata Corporation

Comdata(R) Corporation (www.comdata.com) is a leading business-to-business issuer and processor of payment cards, primarily in the retail and transportation industries. Comdata's range of products and services include fleet, fuel, purchasing, T&E, payroll/reimbursement, EBT, gift and loyalty cards and processing. A full-service merchant processor, Comdata's platforms support both its proprietary card networks as well as processing for any card tender a merchant may accept. Headquartered in Brentwood, Tenn., Comdata employs more than 1,500 people nationally and internationally. Comdata is a wholly owned subsidiary of Minneapolis-based Ceridian Corporation (NYSE:CEN).

About Ceridian

Ceridian Corporation (NYSE:CEN) is an information services company serving businesses and employees in the United States, Canada and Europe. Ceridian is one of the top human resources outsourcing companies in each of its markets, and offers a broad range of human resource services, including payroll, benefits administration, tax compliance, HR information systems and employee advisory programs. Through its Comdata subsidiary, Ceridian is a major payment processor and issuer of credit cards, debit cards and stored value cards, primarily for the trucking and retail industries in the United States. www.ceridian.com

About Panda Restaurant Group, Inc.

With nearly 750 restaurant locations nationwide, the privately-held Panda Restaurant Group (www.pandarg.com) operates a successful chain of concepts including Panda Express, Panda Inn and Hibachi-San. Panda Express is best known for fresh, hot Chinese food, served quickly, and delectable Orange Flavored Chicken, a Panda Express original.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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