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Author: TMFNico Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 58  
Subject: AOL, Radiant Point-of-Sale Deal Date: 8/3/1999 3:57 PM
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America Online and Radiant Systems Announce Strategic Partnership to Develop & Deploy Consumer Interactive Services for Point-of-Sale Devices

DULLES, Va.--(BUSINESS WIRE)--Aug. 3, 1999--America Online, Inc., (NYSE: AOL - news) today announced a strategic partnership with Radiant Systems, Inc. (NASDAQ:RADS - news) for the development of consumer interactive services for deployment on point-of-sale (POS) devices. The multi-year agreement provides extensive promotional opportunities at the retail level and will potentially enable consumers to receive e-mail and other real-time information at retail locations around the world. As part of the agreement, AOL will make a strategic investment in Radiant Systems as well as fund and participate in a new joint venture.

Radiant Systems is a leading provider of integrated technology solutions that provide business management solutions at the point of sale for retailers worldwide, including thousands of fuel service stations, convenience stores, restaurants and entertainment venues. These systems will increasingly offer consumers interactivity -- be it checking their e-mail while refueling at a gas station or checking the latest news, weather or sports while seated in a pizza parlor.

In conjunction with the deployment of Radiant point-of-sale platforms enabling interactivity, multiple AOL brands will deliver value-added, consumer interactive services to high-traffic retail establishments worldwide. One immediate application of the partnership includes seamlessly integrating AOL Moviefone, the nation's leading movie listing guide and ticketing service, in Radiant hardware and software solutions for the movie theater industry.

The agreement is a further example of America Online's 'AOL Anywhere' strategy in which the Company looks for new and innovative means to extend AOL's trademark ease-of-use and convenience and become an even more integral part of people's lives. The partnership also supports AOL's multiple-brand strategy and provides extensive promotional opportunities at the retail level.

"We're thrilled to be working with Radiant on new and innovative platforms to market and deliver convenient interactive experiences to millions of consumers whether they're online or in line at a movie theater, restaurant, convenience store or gas station," said Donn Davis, Chief Operating Officer of AOL Interactive Properties Group.

"We have designed and brought to market a number of interactive consumer devices, enabling retailers to better serve their customers. As we finalize our strategy for designing and connecting digital devices in the retail industry, it has become clear that a strong alliance with a provider of interactive services would help advance our vision. Our alliance with AOL will allow us to jointly deliver interactive services to consumers, and position Radiant Systems and its clients to benefit from the digital age," said Erez Goren, Co-Chairman & CEO of Radiant Systems.

About Radiant Systems, Inc.

Radiant Systems, Inc. provides integrated technology solutions to the retail industry. These solutions include consumer-activated technologies, point of sale systems, site management software, headquarters management software, and decision support systems. The Company also provides a full range of solution design, implementation, and support services. The Company is headquartered in Atlanta and has deployed its technology in tens of thousands of retail sites around the world. For more information about the Radiant Systems, visit the website at www.radiantsystems.com.

About America Online, Inc.

Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 17 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ, AOL Instant Messenger and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; the Netscape Navigator and Communicator browsers; AOL MovieFone, the nation's # 1 movie listing guide and ticketing service; and Spinner Networks and WinAmp, leaders in Internet music. Through its strategic alliance with Sun Microsystems, the Company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy.

Contact:

America Online Regina Lewis, 703/265-1163


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