August 23, 2004

Kuwait Petroleum North West-Europe licences PriceNet

Major Benelux fuels retailer licences pricing solution following successful evaluation

Manchester, UK – August 23, 2004 – KSS Limited, a leading global provider of pricing solutions to petroleum, convenience and grocery retailers today announced that it has concluded a licensing agreement with Kuwait Petroleum North West-Europe for its’ PriceNet retail fuels pricing solution.

The licence follows an in-market evaluation of PriceNet’s ability to streamline Kuwait Petroleum North West-Europe’s fuels pricing process, improve responsiveness to competitor activities and market opportunities and thus enhance financial performance.

Omer Coekaerts, Retail Operations Manager, says "KSS have demonstrated an excellent understanding of the pricing process and have equipped our team with industry leading effective pricing tools. These tools should give us greater insight into pricing decisions and improved control over the pricing process."

"We are delighted to have the opportunity to work with Kuwait Petroleum North West-Europe and look forward to helping deliver benefits across their network of outlets,” said Iain Cockburn, Chief Executive Officer at KSS. “PriceNet’s ability to combine more effective support for pricing decisions with intelligent pricing rules will help achieve greater process efficiencies and focus pricing attention where it adds greatest value to the business.”

About Kuwait Petroleum North West-Europe

Has its’ head office in Antwerp with sales and service divisions for the whole network.
Has additional offices in the Netherlands, Germany, France and Luxembourg.
Has 650 Q8 service stations in the Benelux
Has, in addition to service stations, about 199 self-service diesel stations (IDS), its own refinery, a research and technology centre, a lubricants plant and several distribution centres.
Employs approximately 875 people (incl. Kuwait Petroleum Europoort, Kuwait Petroleum Research & Technology and Tango)

About KSS

KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing a total of over $100 billion in revenue through more than 20,000 fuel sites and rack terminals, throughout the world. KSS US headquarters are located in Florham Park, NJ with European headquarters in Manchester, UK.

For further information please visit the website at www.kssg.com or contact:

Bob Stein, Chief Executive Officer Tel: +1 (973) 549 1850
Mark Hawtin, Vice President Marketing Tel: +44 (0)161 228 0040

For media inquiries, contact Roy Miller Tel: +1 972 717 3500 ext 235 or rmiller@transsynergy.com

Arrange a consultation, USA (973) 549 1850, Europe +44 (0) 161 228 0040, Contact us

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