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DALLAS – May XX, 2009 – Retalix® (Nasdaq: RTLX), a global provider of software solutions for retailers and distributors, today announced a reseller agreement with Tidel Engineering, L.P., under which Retalix will offer Tidel’s leading-edge electronic cash management systems to Retalix’ retail convenience customers.
Under the agreement, Retalix will tightly integrate the Retalix StorePoint point-of-sale (POS) software with Tidel’s Sentinel™ retail cash security systems, to offer C-store operators turnkey cash management.
Retalix StorePoint is an open-architecture POS solution specifically designed for the convenience store and truck stop industries. It incorporates payments, food service and back-office functions, and supports forecourt, customer loyalty and full integration to third-party devices and applications.
Tidel is widely recognized as the world leader in cash management systems and robbery prevention products. According to Tidel, retailers who have deployed the company’s systems report an ROI of less than one year, citing stronger security, reduced cash handling costs and improved operating efficiencies.
“Our agreement with Tidel allows us to expand our offering to C-store operators with a rapid-ROI solution that solves a significant industry problem,” said Ray Carlin, executive vice president of Retalix USA.
“This agreement will enable retailers to enhance operations, protect employees and allow managers to spend more time out front serving customers instead of counting cash in a back room,” said Ed Grondahl, executive vice president, global sales at Tidel. “Partnering with innovative companies like Retalix allows us to extend the capabilities of our products.”
Tidel’s Sentinel installs as a node on the retailer’s network and its proprietary Windows-based software provides secure, two-way communications between the Sentinel, POS and back-office reporting system. Tidel’s software also provides the unique ability to electronically “command and control” operation of the Sentinel through the POS terminal, providing full accountability and effectively closing the cash management loop.
About Tidel Tidel, a wholly owned subsidiary of Sentinel Technologies, Inc. (a private holding company), has been a manufacturer of cash security equipment designed for specialty retail marketers since 1978. Tidel designs and manufactures products for cash security and robbery prevention, as well as retail cash management. To date, Tidel has sold more than 250,000 systems in the U.S. and over 50 other countries. Tidel provides a 24-hour, seven-day customer service center and offers customer service and support in over 120 countries worldwide. Information about the company and its products may be found on the company’s website at www.tidel.com or email sales@tidel.com.
About Retalix Retalix (NASDAQ: RTLX) is a leading provider of software solutions to retailers and distributors worldwide. The Company’s product and services help its customers automate and synchronize essential retail and supply chain operations, encompassing stores, headquarters and warehouses. Specializing in the food industry, Retalix serves customers in more than 50 countries. For more information, visit www.retalix.com.
Retalix is a registered trademark of Retalix Ltd. in the United States and in other countries. The names of actual companies, products and services mentioned herein may be the trademarks of their respective owners.
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 and U.S. federal securities laws. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Retalix, including revenues, income and expenses, to be materially different from any future results, performance or achievements or other guidance or outlooks expressed or implied by such forward-looking statements. Such factors include risks relating to Retalix’s anticipated future financial performance and growth, continued roll-outs with existing customers, continued interest in Retalix’s new platforms, the perception by leading retailers of Retalix’s reputation, the potential benefits to food and fuel retailers and distributors, expansion into new geographic markets, 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 Retalix’s Annual Report on Form 20-F for the year ended December 31, 2007, for a discussion of these and other important risk factors. Retalix 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.
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