October 3, 2006
ARLINGTON, Texas, October 3, 2006 – The Pinnacle Corporation (Pinnacle) and KSS (Knowledge Support Systems, Inc.), a leading provider of price optimization solutions for the retail and petroleum sectors, announced today the development of a strategic business alliance. KSS and Pinnacle will work together to integrate the KSS PriceStrat and PriceNet price optimization solutions within Pinnacle’s retail and fuel management solutions.
"By partnering with Pinnacle, we will be able to offer a retailer an end-to-end solution for store-item price book management and price optimization, as well as fuel management, fuel price automation, and fuel price optimization,” said Lyle Walker, vice president of marketing for KSS. “Our mutual customers will benefit from an improved workflow that leverages price optimization and automation with their Pinnacle solutions.”
KSS PriceStrat provides a merchant with the ability to accurately model, forecast, and optimize pricing for everyday and promotional prices within the store. KSS PriceNet provides fuel price automation and optimization that help retailers more effectively manage fuel pricing to consistently achieve volume and profit goals by site, by grade, and by day. Both solutions leverage the KSS library of consumer demand models.
"It’s no secret that margins are slimming down and competition for consumers is becoming fierce," said Drew Mize, Pinnacle’s vice president of retail solutions. "Integrating KSS’s products into Pinnacle’s solutions base will provide improved efficiencies and turnkey solutions for our clients. We are excited to work with KSS and the PriceStrat and PriceNet solutions."
---E N D---
The Pinnacle Corporation is a leader in the automation technology industry focusing on the rapidly evolving convenience store and petroleum industries. Pinnacle delivers products that automate the broad spectrum of convenience store operations and supply chain management of fuel operations. Nationwide, Pinnacle's products are used daily in thousands of convenience stores to automate and improve their store operations and fuel marketers to increase their efficiency in the complex management of fuel delivery.
Pinnacle solutions seamlessly move information from the point-of-sale of merchandise and fuel to the income statement. Pinnacle develops, markets, and supports a comprehensive suite of store automation systems including: Pinnacle Palm POS, an advanced Microsoft® Windows®-based point-of-sale system utilizing touch screen technology; Pinnacle Journal Manager, a Windows data management tool for closing and reporting for Palm POS; Pinnacle Oasis Manager Workstation™, a Windows-based in-store manager workstation system; Pinnacle PCTrain™, a Windows interactive computer-based training program to provide incentives for staff and management; and Pinnacle Loyalink™, a web-based versatile customer tracking system to support repeat sales and time-sensitive consumer offer programs.
Pinnacle's dynamic Home Office Suite of products includes Pinnacle Price Book™, a Windows-based price and scan file and vendor management system; Pinnacle Retail Manager™, a sophisticated store data management and processing system; Pinnacle Fuel Smart™, a power-house retail and wholesale petroleum accounting system; Microsoft Dynamics™ GP, a world-class general accounting system; Pinnacle Symphony.auditor™, a browser-based retail accounting and transaction tracking manager; and Pinnacle Symphony.pos manager, a browser-based configuration manager for multiple locations; Pinnacle Enterprise Performance Management™, a near real-time web-based business intelligence suite; and Pinnacle Symphony.rf™, the next generation of flexible and cost-efficient radio frequency store hand-helds.
New product rollouts include Symphony.mws™, a browser-based solution for the store manager workstation designed for convenience store and petroleum retailers looking to lower the total cost of ownership while maintaining basic store manager workstation functionality.
Pinnacle has renewed its Gold Certified status for 2006 in the Microsoft Partner Program in the competencies of "ISV/Software Solutions" and "Microsoft Business Solutions." Pinnacle maintains offices in Arlington, Texas; LaPorte, Indiana; and Orlando, Florida. More information about Pinnacle and its automation solutions may be found on the Internet at www.pinncorp.com
Contact Information:
Joe Fulton
The Pinnacle Corporation
1-800-366-1173, extension 276
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
Copyright © Knowledge Support Systems Limited 2008. All rights reserved. Corporate Information|Privacy Policy|Terms of Use|Careers|Press|Contact Us|Site Map