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October 9, 2006

 

Cumberland Farms selects KSS for Price Optimization 525 sites to utilize KSS PriceNet for fuel pricing

 

Florham Park, N.J.–Oct. 9, 2006 – KSS, a global leader in retail and fuel pricing automation and optimization solutions, announced today that Cumberland Farms, Inc. has selected KSS PriceNet for installation at it’s convenience store fueling locations across the Northeast and Florida.

Bob Stein, chief executive officer of KSS fuels division, said that the KSS PriceNet solution will help Cumberland Farms automate the manual tasks involved in fuel pricing, as well as with modeling and forecasting the effects of prices on volume.

“Cumberland Farms will be able to react quickly to changing market conditions. We are excited to have Cumberland Farms as a customer and look forward to showcasing the value and benefits of KSS PriceNet with them,” said Stein.

KSS PriceNet is available as an on-site, fully integrated pricing system designed to add discipline to the pricing process and help operators make better informed pricing decisions.

 

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About Cumberland Farms

 

Cumberland Farms is committed to providing its customers with value, convenience and unparalleled service. Its network of retail stores, gas stations, and a support system including petroleum, dairy and grocery distribution operations spans 11 states across the Northeast and Florida, making it the largest convenience store/ petroleum marketer in the Northeast.

 

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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