Papa Murphy's Selects Par To Provide Total Technology Solution For All Their Restaurants
NEW HARTFORD, N.Y (Thursday, August 18, 2005) - PAR Technology Corporation (NYSE:PTC)
-- Pizza Chain commits to installing PAR systems in all locations
-- Technology Solution to include software, hardware and lifecycle support services
-- Integrated Restaurant Management Technology Solution to Help Leading Hospitality Company Meet Business Objectives
Papa Murphy's, the country's sixth largest pizza restaurant organization and the pioneer of "Take 'N' Bake" pizza, has exclusively selected PAR's industry-leading, integrated hospitality technology solutions, Infusion Software Suite and newest hardware platform, ViGo(TM) to help strategically align the company meet its goals. There are more than 875 Papa Murphy's corporate and franchise locations in 28 states and the company plans to open approximately 75 new restaurants in 2005, bringing the concept to approximately 950 domestic locations. The restaurant chain will require all new PMI franchisees to utilize the PAR system.
PAR's newest hardware platform, ViGo(TM) will anchor Papa Murphy's front-of-the-store operations. The fast-growing restaurant chain (current plans call for 150 new stores per year for the next 5 years) also selected PAR's Infusion(TM) software to manage their in-store processes end to end. Infusion(TM) is a total enterprise management solution that integrates PAR's in-store solution with an above-store capability that collects and manages data in its entirety. The applications provide seamless integration between the order taking front counter, back office systems (inventory, labor scheduling, forecasting), and configuration management in their stores allowing for consistent, timely information to flow seamlessly throughout the restaurant.
Papa Murphy's selected PAR's integrated solution to provide transaction processing, budgeting, planning, forecasting and performance score carding. The software will help Papa Murphy's continuously improve its performance, while optimizing their corporate planning process. To quickly integrate PAR's technology into their restaurants, Papa Murphy's is requiring all new franchisees of the organization to utilize the PAR system, and is offering incentives to existing members of their franchise network to switch to the preferred corporate technology.
In addition to Infusion, Papa Murphy's has also chosen PAR's InQuire(TM), a hosted, web-based Enterprise Reporting service that consolidates data from all system restaurants and posts it to a secure website. Based on the latest technology using Microsoft's .Net platform, InQuire will provide Papa Murphy's managers with the necessary tools to analyze their business.
"We looked for a partner that would compliment the quality of service offered within our more than 875 restaurants," said Papa Murphy's President Mark Laramie. "In selecting PAR and their integrated product suite, we were not merely looking for a technology vendor, but rather we needed a partner who shared our carefully founded vision. Particularly critical to us is PAR's emphasis on reliability, scalability, support and performance. Finally, the company's industry reputation is second to none - and this was the final decision factor for us. We are looking forward to a long and mutually beneficial relationship."
"PAR's integrated products are among the most robust and feature-rich the industry has to offer - the result of our more than twenty-five years of experience in hospitality technology and thousands of systems produced and successfully installed," says ParTech, Inc. CEO & President Greg Cortese. "That Papa Murphy's has selected our integrated solution of hardware, software and services, after a meticulous evaluation of the marketplace is proof-positive of our focus for which we are becoming increasingly known: quality; functionality; performance and unparalleled support."
Cortese added, "PAR is proud to be associated with a restaurant organization such as Papa Murphy's and are pleased that we are able to be a part of the continued success and robust growth plans for the Company, and we look forward to a long and prosperous relationship."
Certain Company information in this release or by its spokespersons from time to time may contain forward-looking statements. Any statements in this document that do not describe historical facts are forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including without limitation, delays in new product introduction, risks in technology development and commercialization, risks in product development and market acceptance of and demand for the Company's products, risks of downturns in economic conditions generally, and in the quick service sector of the restaurant market specifically, risks of intellectual property rights associated with competition and competitive pricing pressures, risks associated with foreign sales and high customer concentration, and other risks detailed in the Company's filings with the Securities and Exchange Commission.
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