Cumberland Farms Installs 100th Store with Retalix StorePoint POS and Forecourt Solution
Dallas, TX, May 14, 2004 - Retalix USA, (NASDAQ: RTLX), today announced that Cumberland Farms, Inc., a leading convenience store chain based in New England and operating about 650 convenience stores in 11 states in the Northeast and Florida, recently installed the chains 100th site with Retalix StorePoint POS and forecourt solution.
Retalix was selected as the preferred POS provider by Cumberland Farms after extensive comparison testing and is currently executing on a chain-wide rollout of the Retalix StorePoint and new Forecourt Server (RFS) solution. The installed suite includes advanced applications for touch POS, scanning, money order, fuel and credit, all seamlessly integrated with the legacy back office system. The rollout rate is currently running at 15 sites and 30 terminals per week, allowing Cumberland Farms to schedule for completion in early 2005.
RFS is a software-based forecourt controller, which eliminates the need for a third-party controller, thus simplifying the design, reducing hardware costs and improving performance. StorePoints open platform POS offers a variety of features for versatile cashier operation, such as scanning for age verification, processing coupons, money order interfaces and full forecourt integration and control.
Our goal is to drive operational efficiencies and continually improve the customer shopping experience, said John Carroll, Cumberland Farms Vice President of Information Technology. The Retalix StorePoint system, and in particular RFS, is helping us achieve these goals and has been extremely well received by our store associates".
RFS offers a faster, less complicated, more robust and flexible platform for convenience store operators, said Jeff Yelton, CEO of Retalix USA. Retalix is pleased to provide Cumberland Farms with a rich and seamlessly integrated solution that supports their ability to provide their customers with superior and differentiated service.
About Cumberland Farms
Headquartered in New England, Cumberland Farms provides its customers with value, convenience and unparalleled service through a network of 650 retail stores, gas stations, and a support system including petroleum and grocery distribution operations.
About Retalix Ltd.
Retalix Ltd., with North American headquarters in Dallas, TX, provides integrated enterprise-wide software solutions for the global retail fuel and food industries, including supermarkets, convenience stores, fuel stations and restaurants. The Company offers a full suite of software applications that support a food retailer's essential retailing operations and enable retailers to increase their operating efficiencies while improving customer acquisition, retention and profitability. With installations in more than 30,000 stores and across 44 countries, the Company markets its software solutions through direct sales, distributors, local dealers and its various subsidiaries. For further information, please visit the Company's web site at www.retalix.com
Safe Harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, including revenues, income and expenses, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include risks relating to the Companys anticipated future financial performance, continued roll-outs with existing customers, the market reception of its new e-marketplace and ASP services, the potential benefits to food and fuel retailers and suppliers, expansion into new geographic markets, the conversion of sales leads into customers and the ramp-up of ASP users, the integration of the Companys acquisition of OMI and other factors over which Retalix may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Retalix with the Securities and Exchange Commission, including the Companys Annual Report on Form 20-F for the year ended December 31, 2002, for a discussion of these and other important risk factors. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.