New Hartford, NY – May 19, 2011 – ParTech, Inc. (PAR) announced it has received Revenue Growth and Partnership Excellence Awards at the annual Epson Envision Partner Executive Conference Awards Dinner at El Conquistador, a Waldorf Astoria Resort, on May 3, 2011 in Fajardo, Puerto Rico. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR).
The Epson Revenue Growth Award recognizes partners that achieved the highest year-over-year growth in Epson product sales. Winners of the Partnership Excellence Award are nominated by Epson relationship managers and chosen by a committee of senior Epson executives who have evaluated each nominee’s strategic relationship, commitment to the company, and other criteria including:
- Exclusively sell, or always lead with, Epson products
- Bring Epson new business opportunities
- Keep Epson informed; work hand-in-hand
- Use Epson resources well (people and programs)
- Provide input to product/program direction
“Our relationship with PAR has grown, prospered and matured based on PAR’s expanded offering of Epson products worldwide and the high value they place on strategic partnerships,” said Steve Garland, National Sales Manager – Business Solutions Group, Epson. “The Epson Revenue Growth Award was presented to PAR based on its impressive increase in annual Epson sales volume during 2010 – one of the largest of any Epson OEM vendor. We look forward to continuing to expand our strategic relationship with PAR.”
“We are honored to receive these Epson awards, especially the Partner Excellence Award which recognizes our commitment to Epson products and strong mutual relationship with the company,” said Mark Bunney, Director of Strategic Alliances, ParTech. “These awards also showcase our commitment to supporting highly valued partners like Epson through our PAR EverServ Ecosystem partner program. Epson’s quality and innovation is a perfect fit with the PAR portfolio to provide a complete hospitality solution for our mutual customers.”
The PAR EverServ® Ecosystem partner program is designed to invest in and support the company’s relationships with channel partners, independent software vendors (ISVs) and alliance partners so our mutual customers have the best solutions for their current and future business needs. Aligned with our core values of Passion, Accountability and Relationships, PAR is focused on building long-term, profitable relationships with our partners and bringing new value-add partners into the program. PAR is committed to the long-term success of these relationships by providing sales, marketing, training and technical support to help increase its partners’ success.
For more information on the PAR EverServ Ecosystem and our partner programs, visit http://boundlesshospitality.com/ecosystem. To participate in industry conversations about PAR, follow us on Twitter and Facebook.
About ParTech, Inc.
ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation, has built its more than three decades of success around delivering advanced point-of-sale and enterprise back-office solutions for restaurant and retail operators worldwide. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees. The Company’s extensive offerings are backed by PAR’s global service network and its Boundless Hospitality® vision for enhancing restaurant operations in a new era of dining out. The Boundless Hospitality vision drives the development of game-changing solutions, and is supported by a partner ecosystem that accelerates innovation more quickly than possible for any single company working independently. The Company has more than 50,000 installations in 110 countries worldwide. In addition to solutions for the restaurant industry, PAR products are improving the customer experience in retail, including the cruise, hotel, casino and entertainment industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Company’s Web site at www.partech.com.
Thursday, May 19th, 2011
Awards Recognize Exceptional Performance by Channel Partners and ISVs During 2010
New Hartford, NY – April 28, 2011 – ParTech, Inc. (PAR) recognized its 2010 Channel Partner Award winners for the North America and Latin America regions last night at the PAR Partner Conference in Jupiter, Florida. The award program commends PAR partners that best demonstrate the core values of PAR and have achieved superior revenue growth of PAR solutions. ParTech, Inc. is a wholly owned subsidiary of PAR Technology Corporation (NYSE: PAR).
“We are committed to developing strong relationships with solution providers and independent software vendors to help customers maximize the value of their POS investments,” said Tim Votaw, Senior Vice President of Sales and Marketing, ParTech. “Our partners have achieved remarkable success with PAR solutions during 2010 and deserve this special recognition. We’re proud to honor this year’s winners and we look forward to their continued success.”
PAR’s 2010 Partner Award winners include:
North America:
Latin America:
Independent Software Vendors:
The PAR EverServ® Ecosystem partner program is designed to invest and support our relationships with channel partners, independent software vendors (ISVs) and alliance partners so our mutual customers have the best solutions for their current and future business needs. Aligned with our core values of Passion, Accountability and Relationships, PAR is focused on building long-term profitable relationships with our partners and bringing new value-add partners into the program. PAR is committed to the long term success of these relationships by providing sales, marketing, training and technical support to help increase the success of our partners.
For more information on the PAR EverServ Ecosystem and our partner programs, visit http://boundlesshospitality.com/ecosystem. To participate in industry conversations about PAR, follow us on Twitter and Facebook.
About ParTech, Inc.
ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation, has built its more than three decades of success around delivering advanced point-of-sale and enterprise back-office solutions for restaurant and retail operators worldwide. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees. The Company’s extensive offerings are backed by PAR’s global service network and its Boundless Hospitality® vision for enhancing restaurant operations in a new era of dining out. The Boundless Hospitality vision drives the development of game-changing solutions, and is supported by a partner ecosystem that accelerates innovation more quickly than possible for any single company working independently. The Company has more than 50,000 installations in 110 countries worldwide. In addition to solutions for the restaurant industry, PAR products are improving the customer experience in retail, including the cruise, hotel, casino and entertainment industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Company’s Web site at www.partech.com.
Thursday, April 28th, 2011
New Hartford, NY – (April 27, 2011) – PAR Technology Corporation (NYSE:PAR) today announced results from operations for the first quarter ended March 31, 2011.
PAR reported first quarter revenues of $55.8 million, a 4% decline over the $58.1 million reported in the same period a year ago. Reported net income for the first quarter was $404,000, a decrease from the net income of $582,000 in the first quarter of 2010. The Company reported diluted earnings per share of $0.03 for the first quarter of 2011, compared to diluted earnings per share of $0.04 for the first quarter of last year.
Revenue for the quarter was in line with the Company’s expectations. However, service revenues in the hospitality segment continue to be negatively impacted from the ongoing systems upgrade initiative with PAR’s largest customer, McDonald’s and their utilization of outside system integrators for the accelerated deployment of in-store technology systems. Offsetting that decrease somewhat, the Company continued to realize gains in product revenue in the hospitality and logistics management segments of our business, growing nearly 8% in the quarter. For the rest of 2011, the Company expects improved profitability based on increased software revenues, operating efficiencies and operating income improvement from all business segments.
For the complete press release with financial statements, click here.
Statements in this release or by the Company’s 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 hospitality technology 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.
About PAR Technology CorporationPAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees for almost 30 years. Today the Company’s extensive offerings include technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR’s global service network. The Company has over 50,000 installations in more than 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the Department of Defense and various federal agencies. Through PAR Logistics Management Systems, the Company is a provider of best of breed integrated solutions for shipping asset management and tracking. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Company’s website at www.partech.com.
Wednesday, April 27th, 2011
PAR Technology Corporation (NYSE: PAR) is pleased to announce that Paul B. Domorski will succeed Dr. John W. Sammon as the Company’s President, Chief Executive Officer, and Chairman of the Board of Directors, effective today, April 25, 2011.
Mr. Domorski was most recently President and Chief Executive Officer of EMS Technologies, Inc., and previously held leadership positions at Avaya Inc., RSL Communications, Ltd., British Telecom Syncordia Solutions, and Unisys Corporation, where his career began. His senior executive roles have been characterized by strategic initiatives focused on transforming the performance of operations under his management, often through redirection of resources to promising opportunities. “I am very pleased and excited to be taking on this new role and building on the work already started at PAR,” commented Mr. Domorski.
“Paul Domorski’s background and professional experiences uniquely qualify him to lead PAR at this time,” stated Sangwoo Ahn, the lead independent director of PAR’s Board. “We are delighted PAR’s strategic plan and Paul’s background are aligned, and we are confident he brings the required experience, skills and perspective to enhance our performance.”
Dr. Sammon commented, “I am pleased PAR has attracted Paul to lead our company at this time. Paul has a long career and proven track record in the Information Technology industry and is the right person at the right time to lead our Company.”
Mr. Ahn added, “On behalf of the Board of Directors and PAR’s entire management team, I want to thank Dr. Sammon for his many years of dedicated and outstanding leadership. We look forward to his continuing contributions as Chairman Emeritus of PAR Technology and member of the Board of Directors including the assurance of a seamless transition.”
Please visit our web site for an extended professional biography of Mr. Domorski.
About PAR Technology Corporation
PAR Technology Corporation creates and markets products that help hospitality operators around the world to better manage money, materials, people and the guest experience. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees for almost 30 years. Today the Company’s extensive offerings include technology solutions for the full spectrum of hospitality operations, from boutique hotels and independent table service restaurants to international QSR chains, all backed by PAR’s global service network. The Company has over 50,000 installations in 105 countries worldwide. PAR is also a leader in providing computer-based system design and engineering services to the U.S. Department of Defense and federal and state government agencies. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Company’s website at www.partech.com.
Monday, April 25th, 2011
High Quality, Easy-to-Use, Affordable Solution Ideal for Small to Medium-Size Restaurants
Long Beach, CA, April 20, 2011 – Today Epson America, Inc., a leading supplier of value-added Point of Sale (POS) solutions, announced that ParTech, Inc. (PAR), a leading provider of POS solutions to restaurants and retail customers, certified Epson’s ReadyPrint™ T20 printer on its PAR EverServ® PixelPoint POS software. With PixelPoint POS software and Epson’s ReadyPrint T20, PAR offers a flexible, easy-to-use and highly reliable POS solution at a competitive price point.
“The ReadyPrint T20 POS printer provides our channel partners with a cost effective solution for their customers,” commented Peter Wolf, Chief Marketing Officer at ParTech. “With PixelPoint POS and the Epson low-cost thermal printer, small independent restaurant operators can afford the same features, benefits and reliability as larger operators, which greatly enhances the guest experience.”
For PAR channel partners, ReadyPrint delivers the high quality and reliability of Epson, the number one brand in hospitality, all in one box (manuals, drivers, utilities, cables, power supply) for quick and easy setup and installation at the customer’s site. Based on Epson’s advanced printing technology, ReadyPrint has been tested to meet stringent design and performance standards, which includes low energy consumption and ENERGY STAR® certification.
PAR and Epson expanded their long-time relationship back in October 2009, broadening their offering of best-of-breed products and support for the hospitality industry. PAR offers Epson’s award-winning TM-T88V, TM-U220 and EU-T432 receipt printers for its PAR EverServ® 2000 and 6000 POS terminals.
About ParTech, Inc.
ParTech, Inc. (PAR), a wholly owned subsidiary of PAR Technology Corporation, has built its more than three decades of success around delivering advanced point-of-sale and enterprise back-office solutions for restaurant and retail operators worldwide. PAR has provided hardware, software and services to the world’s largest restaurant chains and their franchisees. The Company’s extensive offerings are backed by PAR’s global service network and its Boundless Hospitality™ vision for enhancing restaurant operations in a new era of dining out. The Boundless Hospitality vision drives the development of game-changing solutions, and is supported by a partner ecosystem that accelerates innovation more quickly than possible for any single company working independently. The Company has more than 50,000 installations in 110 countries worldwide. In addition to solutions for the restaurant industry, PAR products are improving the customer experience in retail, including the cruise, hotel, casino and entertainment industries. PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. For more information visit the Company’s Web site at www.partech.com.
About Epson America, Inc.
Epson is one of the world’s leading manufacturers of highly reliable point-of-service technology, including printers, precision printing mechanisms and digital image scanners. Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. The Seiko Epson organization is proud of its ongoing contributions to the global environment, and for the third year in a row is part of the Dow Jones Sustainability World Index – an indicator for leading companies in economic, environmental and social criteria. Epson offers the most comprehensive line of POS printers, as well as the widest selection of ENERGY STAR qualified models available today. For more information on Epson’s retail solutions, please visit pos.epson.com.
Wednesday, April 20th, 2011
