April 18, 2005
KSS announce multi-million US Dollar PriceNet commitment
Florham Park, NJ – (Apr 18, 2005) – KSS Inc., the leading provider of pricing solutions to the petroleum/convenience, chain drug and grocery sectors, is pleased to announce its largest client commitment to-date for its retail fuels pricing solution, PriceNet. The company believes the commitment will be worth in excess of $3 million dollars over the next 12 months.
“The pressure on margins, brought about by intense price competition and volatile product costs, is forcing organizations of all sizes to evaluate their ability to price more effectively. This commitment acknowledges the tremendous value of the PriceNet system and KSS’ proven track record in servicing in supporting the pricing needs of petroleum retailing organizations. We continue to view the US as a key market for both fuels and merchandise pricing solutions and will focus significant efforts and investment on developing our market position”, commented Iain Cockburn, CEO of KSS.
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
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