PAR Technology Corporation Announces 2013 Fourth Quarter and Year End Results Company Also Announces Changes to Board of Directors

New Hartford, NY- March 14, 2014 — PAR Technology Corporation (NYSE: PAR) today announced results for the fourth quarter and year ended December 31, 2013.  The Company reported fourth quarter revenue of $59.7 million and net income from continuing operations of $245,000 or $0.02 per diluted share.  This compares with prior year fourth quarter revenue of $66.4 million and a net loss from continuing operations of $3.6 million or $0.24 loss per share.  On a non-GAAP basis, excluding certain charges, the Company’s net income from continuing operations for the fourth quarter of 2012 was $1.2 million or $0.08 per diluted share. The non-GAAP results exclude certain charges totaling $7.6 million, primarily related to restructuring of the Company’s Hospitality product portfolio, as well as specific legal costs.

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