NexCen Brands Selects Radiant Systems as Retail Technology Provider for The Athlete's Foot and ShoeBox New York

By: NexCen Brands | 3 Shares 97 Reads

Radiant to provide point of sale hardware and CounterPoint software to NexCen's specialty retail franchisees

ATLANTA--(BUSINESS WIRE)--Radiant Systems, Inc. (Nasdaq: RADS) announced today that NexCen Brands, Inc.(Nasdaq: NEXC) (NexCen), which owns, licenses, franchises and markets a global portfolio of well-known consumer brands, has selected the Radiant retail solution for its two specialty retail concepts, The Athlete's Foot (TAF™)and ShoeBox New York.

"We chose Radiant Systems as our technology provider because of the company's proven track record supporting large, global franchisees like The Athlete's Foot," said Paul Jones, vice president of retail operations for NexCen. "Radiant Systems also delivers an integrated inventory control and retail point of sale (POS) solution that is ideal for ShoeBox New York, our high-end, boutique brand that carries an exclusive selection of the world's most coveted designer lines."

Only Radiant offers specialty retailers a complete solution with CounterPoint retail software, hardware built specifically for the retail environment, integrated ecommerce, and a company dedicated to providing excellent on-going support. CounterPoint software is easy to implement and delivers a complete retail management solution that includes robust inventory management, touchscreen POS ticket entry, built-in customer relationship management (CRM), automated purchasing and reporting. TAF™ and ShoeBox New York will use Radiant's P1520 retail POS terminals and CounterPoint software.

"CounterPoint is an ideal solution for NexCen's retail franchisee locations because it's an intuitive application that new employees are able to learn and understand quickly," said Chuck Moeling, vice president of sales and service for the retail division at Radiant Systems. "This is especially important in retail environments where the addition of seasonal employees results in many new users on the system."

The functionality behind Radiant Systems' retail technology aligns well with NexCen's business model. Because NexCen's retail division franchises more than 600 stores worldwide, its corporate office requires a POS solution that provides visibility into each franchisee's revenues, yet ensures privacy among the franchisee community.

"With our offerings, NexCen's corporate team receives broad visibility into the overall business results of each store, while each franchisee's data remains secure and inaccessible by others in the franchise community," Moeling added.

Radiant Systems began deploying its POS hardware and software in the first two TAF™ locations in July.

About Radiant Systems, Inc.

Headquartered in Atlanta, Radiant Systems, Inc. (Nasdaq: RADS) is a global provider of innovative technology to the hospitality, retail, and entertainment industries. For more than two decades, Radiant's point of sale hardware and software solutions have helped to redefine the consumer experience in more than 100,000 restaurants, retail stores, stadiums, parks, arenas, cinemas, convenience stores, fuel centers and other customer-service venues. Radiant has offices in North America, Europe, Asia and Australia. For more information, visit www.radiantsystems.com.

About NexCen Brands, Inc.

NexCen Brands, Inc. is a vertically integrated global brand management company focused on assembling a diversified portfolio of intellectual property-centric companies operating in the consumer branded products and franchise industries. NexCen owns, licenses, franchises and markets a growing portfolio of consumer and franchise brands including The Athlete's Foot®, Bill Blass®, Great American Cookies®, MaggieMoo's®, Marble Slab Creamery®, Pretzel Time®, Pretzelmaker®, Shoebox New YorkTM and Waverly®.

NexCen licenses and franchises its brands to a network of leading retailers, manufacturers and franchisees that includes every major segment of retail distribution from the luxury market to the mass market in the U.S. and in over 50 countries around the world, and consists of approximately 1,900 franchised stores. NexCen, through its information technology, franchisee support systems and advertising, marketing and public relations team, markets its brands to continually drive greater consumer awareness and brand equity for each of its brands. NexCen touches nearly every aspect of a consumer's lifestyle from the food they eat to the furnishings in their homes and the clothes and footwear they purchase.

This press release may contain "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. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. 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. 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 clients for a large portion of its revenues, fluctuations in its quarterly results, its 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 periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.

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