Torex Hospitality Gears up for Expansion with Addition of Two Key Executives

Business Wire, Nov 6, 2006

OAKBROOK TERRACE, Ill. -- Torex Hospitality, a division of Torex Retail Plc, an international market leader in the provision of innovative retail IT systems, announces the addition of Chris L. Couch and Mike Nettles to the Division's leadership team.

As Vice President of Sales and Marketing, Mr. Couch, 40, will have worldwide responsibilities for driving sales and organic growth for the business across Torex Hospitality's award winning and market leading products. He will report to Keith Pascal, Chief Executive Officer of the Division.

Since 2000, Mr. Couch has held various sales and delivery leadership positions with leading hospitality POS and back-office software companies including BlueCube Software where he most recently held the position of General Manager of the Food Service Division. During his tenure at BlueCube Software he oversaw the successful launch of the BlueCube product suite into the Food Service market and doubled the size of its business in this segment over a two year period.

"We are very excited to add Chris to the team and it represents an important milestone in the growth and maturity of our business. His experience and track record engaging with many of the largest and most recognized hospitality operators in the world to support their POS and back-office needs will be a great addition," said Mr. Pascal. "As we continue to see tremendous demand for our products, we are adding management talent to support our newest clients and capitalize on the market leadership opportunity we have." Torex Hospitality provides industry leading POS and back office solutions to the Hospitality industry; including the award winning NewPOS POS solution installed in over 60 countries.

Prior to 2000, Mr. Couch worked for The Home Depot, The Coca-Cola Company and Ernst & Young, LLP. He holds a Bachelors of Science in Computer Information Systems from Clemson University and a Masters in Business Administration from the Goizueta Business School, Emory University.

In addition, Mike Nettles will join as Director of Professional Service and will lead the division's implementation teams responsible for deployment of the company's leading software solutions.

Mr. Nettles brings over twenty years of foodservice, specialty retail, supply chain and global technology systems experience to Torex Hospitality. His background includes work for multi-concept restaurant and retail companies as well as a supplier of global restaurant systems and accounting services. He has delivered technology and business solutions for some of the biggest and most respected names in the industry and has also led multiple software development, package implementation and large-scale business change initiatives during his career.

Prior to joining Torex Hospitality, Mike led the Business Development efforts of Accuvia Consulting, the nation's premier foodservice technology consulting group. Mike joined Accuvia after a five year tenure in the technology supplier community where he was the Vice President of Product Management and Solutions Services for Savista (a company later acquired by Torex Hospitality). Mike has also served as the Director of Supply Chain and Corporate systems for Brinker International, parent company of such chains as Chili's, Macaroni Grill and several other casual dining restaurants. In addition to his foodservice experience, Mike spent 10 years working in all facets of leadership for NeoStar Retail Group, operating the specialty retail brands of Babbage's, Software Etc., Gamestop and FuncoLand.

"We are very excited to have Mike return to our team after a hiatus from the company. He brings a tremendous amount of industry experience and knowledge along with the organizational skills required to lead this critical function on behalf of our growing client base," Keith Pascal added.

Notes to Editors:

About Torex Hospitality and Torex Retail

Torex Hospitality is the leading firm that focuses exclusively on delivering IT hardware, software and services to international Tier 1 operators in the full service, quick service, pubs and hotel segments of the global Hospitality and Food Service industry. To date the company has installed its segment leading solutions in pubs, nightclubs, hotels and restaurants in 67 countries on nearly 100,000 terminals. Hospitality Technology magazine named the company's NewPOS Platform the #1 POS solution for Quick Service Restaurants (QSR) and the #1 solution for large enterprise organizations, defined as 200 or more sites. Company clients include McDonald's Corporation, Mitchells & Butlers, Wolverhampton and Dudley, The Spirit Group, Youngs and Stena Line.

Torex Retail is a leading independent provider of cutting edge technology solutions to many of the world's principal retailers, leisure operators and hospitality providers. Since the company's flotation in spring 2004 Torex Retail has achieved rapid growth across all of its markets and has rigorously pursued its goal of becoming the provider of choice. As a result, the company now has a presence in all of the major markets around the world and has built a strong platform for future growth in line with its strategy. Torex's Retail's product and solution set spans the hospitality and leisure industries, high street and out-of-town retail as well as the petroleum and convenience sector and with over 6,000 customer relationships, including, Tesco, Woolworth, Selfridges, and Argos, the company has earned a leading reputation amongst retailers. Torex Retail has more than 2,800 staff based in 22 countries. www.torexretail.com