Message #26 From:
NewsBot Date: September 18, 2007 12:45:40 PM
RFID, Ltd Joins Forces With Lone Tree Technology(TM)
Leading radio frequency technology company RFID, LTD. (OTC:RFDL) today announced entering into an agreement with Lone Tree Technology™ to combat Liquor Shrinkage and Improve Drink Quality. "We are happy to announce the signing of a Reseller Agreement that allows RFID, Ltd. to sell all of Lone Tree Technology™ products," says Betty Chavez, RFID, Ltd CEO.
Lone Tree Technology POS software interfaces with Capton Inc.'s RFID Beverage Tracker to provide valuable reports to manage and control the liquor industry.
One August 2, 2007, RFID, Ltd. announced the signing of an Agreement with Northern California based Capton, Inc. the leading provider of RFID solutions for the hospitality industry and BlueStar, one of two leading distributors of point-of-sale and RFID products. Capton Inc.'s Beverage Tracker combined with Lone Tree Technology POS Interface Software provide the comprehensive solution to Liquor Shrinkage and Drink Recipe Management. With the Beverage Tracker POS Interface RFID solution, bar management gets the power of a spotter, accountant, quality inspector, and beverage manager all in one easy to use application.
Beverage Tracker solution takes advantage of RFID technology and imbeds a micro chip into a liquor pour spout. Via this technology, managers can monitor exactly what is being poured, spot unacceptable pouring behavior and produce reports which show what specific pours occurred outside of standard or without a corresponding Point of Sale (POS) button push. In addition, managers and staff can produce brand consumption reports which are utilized to provide real-time visibility into inventory position for more effective inventory ordering and control of disappearing bottles. Beverage Tracker is also used in banquet operations to produce customer invoices detailing exact pouring records recorded during catering events, thereby dramatically reducing customer contention of liquor invoices and controlling liquor costs.
Capton conducted over 25 pilot projects with major U.S. companies in every spectrum of hospitality (hotels, resorts, casinos, chain restaurants, cruise lines, stadiums, nightclubs and convention centers). The results from those pilots were liquor cost run rate reductions of between 4 to 10 percentage points and revenue increases of 10% on average. The typical return on investment (ROI) profile was less than six months.
RFID, LTD. is a leading provider of vendor neutral radio frequency identification systems for small to medium sized businesses.
About Lone Tree Technology
Lone Tree Technology provides custom software solutions and integration services to the Restaurant and Hospitality Industry. Lone Tree employs industry knowledge, state of the art technology, and professionalism to solve unique problems.
