Jay Shavitz named President & GM of Restaurant Manager

Silver Spring, MD (November 6, 2017 ) – Lighthouse Network, LLC is pleased to announce that
point-of-sale (POS) industry veteran, Jay Shavitz, has been named President & General Manager at
Restaurant Manager, LLC, one of four POS brands that comprise Lighthouse Network and complement
the company’s core merchant services business. Shavitz previously served as the company’s Vice
President of Product Development and brings a wealth of experience to his new position. As President &
General Manager, he will oversee a growing integration between POS systems and payment processing

“The Restaurant Manager POS product line has long been recognized as the ideal business application for
independent restaurants and regional chains. Shavitz’s product knowledge and passion for the POS
business is a tremendous asset to Restaurant Manager as the worlds of POS and payment processing
converge,” said Jared Isaacman, CEO of Lighthouse Network.

Shavitz began his career in the late 1980’s as a PC and network product specialist with C&PA in Australia.
After returning home to the United States, he took a position managing a restaurant group with locations
throughout the southeastern United States. After overseeing a POS upgrade for the business, Shavitz
decided to combine his restaurant expertise with his computer know-how and, in 1989, founded Infinity
Computer Systems, a POS dealership that served the growing restaurant market along the Carolina coast.
After representing a variety of restaurant POS applications, Infinity POS Systems began selling the
Restaurant Manager POS product line in 2000. In 2008, Shavitz sold his POS dealership to join the
corporate team working on the Restaurant Manager POS product line where he was instrumental in the
release of Restaurant Manager versions 19 and 20, including enhancements related to the PA-DSS 3.2
standards and EMV payment processing.

“Jay has been an instrumental part of the Restaurant Manager management team for nearly a decade and
there is nobody better equipped than him to oversee the company’s efforts to integrate the worlds of POS
and payment processing technologies,” said departing owner Alex Malison. “I am confident that
Restaurant Manager is in great hands with Jay as President and General Manager.”

Under Shavitz’s direction, Restaurant Manager will continue to provide world class POS and payments
solutions including a major new version of Restaurant Manager software in 2018.

“We are in an amazing new period for the POS industry,” said Shavitz. “It is an honor to take this position
at Restaurant Manager and lead our dedicated staff and sales partners in this new and exciting era of
continued advances and innovations in POS and payments.”

About Restaurant Manager, LLC
Founded in 1987, Restaurant Manager (RM), a Lighthouse Network company, designs point-of-sale (POS)
software for the foodservice industry with a focus on the unique business needs of independent
restaurants and regional chains. The Restaurant Manager™ POS application has been installed in over
20,000 restaurants around the world and can be configured to create POS Solutions tailored to the
business needs and budget of each unique restaurant business, with variable settings for table service,
bars, delivery and QSR operations.

RM became a world leader in the POS industry by partnering with a channel of highly skilled Value-Added
Resellers (VARs) who provide the consulting and technical services that restaurants rely on to realize the
full benefit of their POS investment. Thanks to these VAR partners, RM products are now available in the
United States, Canada, Latin America, Asia and the Middle East.
For more information, please visit www.rmpos.com

About Lighthouse Network, LLC
Lighthouse Network is a leading organization in the point-of-sale and payments industry, powering the top
brands in POS technology. The company has served more than 400,000 merchants over the course of
nearly two decades in business and is currently processing in excess of $17 billion annually. For additional
information, visit www.lighthousenetwork.com.

Author: Remigijus Pavydis