Press release

VEN-U by LRS and CardFree Announce Collaboration on Location Services and Mobile Ordering for Restaurants and Hospitality

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Sponsored by Businesswire

LRS
(Long Range Systems), a global leader in location services and guest
engagement, announced today that it has partnered with CardFree,
a leading mobile commerce platform, to offer customers additional
solutions for efficiency and revenue growth with mobile ordering and
mobile kiosks.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190516005102/en/

CardFree and LRS’ joint solution provides restaurants with a new,
kiosk-free solution to line busting at peak times. Restaurants can now
enable consumers to order at the table and skip lines all together using
their own smartphone device. The joint solution includes options for
location services and ordering as well as loyalty and in-app payments,
including support for credit cards, digital wallet, and gift cards. LRS
will provide location and waitlist services within the app and will be
offered through VEN-U. The offering is also available via SDK (Software
Development Kit).

VEN-U by LRS is a new solutions-based platform that broadens available
technologies to serve both the front and back-of-the-house operations
for restaurants and hospitality concepts. “We’re excited about this
opportunity with CardFree because it opens the door to providing
customers new ways to engage guests inside and outside of their
locations,” said John Weber, President and CEO of LRS.

CardFree has a proven track record for developing and deploying scalable
mobile commerce solutions and they currently are the number one
order-ahead provider by volume in the U.S.

“CardFree is an excellent vendor for us to work with given their
experience in mobile technology and with our patented-guest engagement
platform, we offer the industry a whole new way to optimize operations
while enhancing their brand,” Weber added. “Our mobile kiosk app will
combine our precise location technology while enhancing the guest
experience whether they are curbside for pickup or entering the venue to
dine. The development of the mobile kiosk app and its combined
technologies is the first of its kind to launch in the QSR industry.”

Extending the Brand, Order-ahead and Increasing Revenues

The use of mobile ordering has proven to increase ticket size by 20-30%.
VEN-U’s technology for accurate location services enables those orders
to be seamlessly delivered inside or outside the venue along with
enabling up-sell, loyalty, and customer feedback. “Mobile ordering has
changed consumer expectations about not wasting time standing in lines,”
explained Jon Squire, CEO and founder of CardFree. “It is a natural
extension of our platform to expand remote ordering into on-premise
ordering and payment. Working with LRS, a clear leader in engagement and
location services, allows this joint solution to finally solve for the
frustration of walking into your favorite restaurant and seeing the line
is already 15 people deep.”

Learn more about VEN-U’s mobile kiosk solution and other operations
management system solutions, which increase efficiencies for most any
business that manages guests, staff and physical locations.

About VEN-U by LRS

VEN-U
by LRS
enables any business to engage, manage, and monitor guests, staff, and
sites. Combined with in-depth data reporting, VEN-U provides real-time
insights and analysis for businesses to enhance guest engagement and
maximize operational efficiency.

The VEN-U platform offers engagement, operational management, and remote
monitoring of sites. Our solution locates and gathers guest, staff, and
sensor data to optimize operations for smarter venue management or what
we call an Operations Management System (OMS).

The LRS team is committed to building VEN-U technologies that empower
businesses to manage their operations while improving the entire guest
experience. VEN-U provides solutions via wireless communication systems,
remote sensors, Bluetooth, beacons, and mobile applications. Our
patented technologies are in over 80,000 businesses and 50 countries
around the world.

From paging systems to comprehensive venue management, find out how we
can help your business thrive because Smart Venues Start Here™ https://VEN-U.io,
or contact info@lrsus.com.

About CARDFREE

From the team that deployed the three largest mobile wallet initiatives
in the U.S., CardFree offers merchants a one-stop solution to mobilize
and enhance the customer experience for maximum ROI. Our award-winning
platform provides end-to end services to engage consumers such as
mGifts, offers, loyalty, order ahead and payments.

CardFree is headquartered in San Francisco and has been recognized as a
“Fierce 15” company by Fierce Wireless, as having the Best Mobile
Merchant Platform by Frost & Sullivan and as Best Mobile Start-up by the
MEA Awards. For more information, please visit www.cardfree.com or
contact info@cardfree.com.