Date: Friday, 21-Nov-97 04:25:23 GMT Server: NCSA/1.3 MIME-version: 1.0 Content-type: text/html Last-modified: Wednesday, 12-Nov-97 13:50:23 GMT Content-length: 3736 PAR Technology Corporation

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Founded in 1968 by Dr. John Sammon, PAR Technology Corporation ("PTC") designs and manufactures advanced computing systems for commercial and government customers throughout the world. Initially, various agencies and departments of the United States Government funded PTC through development and consulting contracts to provide computerized pattern recognition systems and services ("PAR" is an acronym for Pattern Analysis and Recognition).

PTC is listed on the New York Stock Exchange (Ticker Symbol: PTC) and in 1996, the Company generated revenues of $117.7 million.

PTC is the parent of four autonomous subsidiaries established to best serve the unique needs of its customers and to address the different requirements of its target markets. The Company's largest subsidiary, ParTech, services two growing industries: computerized Point of Sale ("POS") systems primarily for quick service restaurants ("QSR") or "fast food" restaurants and Industrial Transaction Processing Systems ("ITPS"), factory floor data collection systems for the industrial sector. PTC is also the parent corporation of PAR Government Systems Corporation ("PGSC"), Rome Research Corporation ("RRC"), both government contractors, and PAR Vision Systems Corporation ("PVSC") which offers two vision products, an ophthalmic imaging system, the PAR Corneal Topography System (CTS TM) and an on line automatic x ray inspection system for packaged goods, QSCAN (R). PTC's 28% annual growth rate (Compound Annual Growth Rate (CAGR) from 1991 to 1996) in revenues has primarily come from its largest subsidiary, ParTech.

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