FLORHAM PARK, N.J Sept. 14, 2006 Risser Oil, based in Clearwater/St. Petersburg, FL, and operator of 31 convenience stores, has completed the rollout of the KSS PriceNet system for automating and optimizing fuel pump pricing. KSS PriceNet is a complete fuel pricing system that provides both pricing automation with competitor rule-sets, and scientific fuel price modeling using competitive elasticities. Risser Oil has been able to optimize margin and volume targets while delivering consistent value for its customers.
"The KSS PriceNet solution has helped Risser Oil tighten control of their fuel pricing process in today's volatile market," said Bob Stein, CEO of KSS Fuel group. "KSS PriceNet automates daily pricing tasks and constantly monitors volume and competitive activity, alerting you to areas that need focus. By identifying sites that are below volume and/or profit targets, and by providing guidance on how to correct these variances, KSS PriceNet helps ensure that profit and volume goals are met. KSS continues to deliver unique value and we are pleased to have Risser Oil as one of our customers."
KSS PriceNet is an intelligent fuel price management system with the ability to accurately track volume and competitive price moves in the market and optimize fuel pump pricing, by grade of fuel, by location. Utilizing the KSS Library of consumer demand models, KSS PriceNet provides the basis for understanding and forecasting consumer fuel demand across the store and fuel center, as well as the inter-relationships of these purchases.
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The Risser family has been associated with the petroleum industry since P.N. Risser Sr. sold petroleum products in his hometown of Bedford, Pennsylvania in the 1930s. P.N. Risser, Jr. founded Risser Oil in February 1960. Risser Oil now markets BP Amoco, Chevron, Rally Gas and Texaco petroleum products throughout west-central Florida. The company has adopted a mission and a purpose of growing people, profits and assets within a positive work environment, in a manner consistent with the highest standard of ethics, integrity and professionalism within the community and industry. That mission and purpose has resulted in a team of directed, conscientious employees who enjoy working together, and who have positioned the company in a strong place for the future.
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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