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May 19, 2006

 

KSS releases Store Level Competitive Pricing Solution for Fuel Retailers

 

PriceNet Web helps retailers respond to rapidy changing market conditions

 

Florham Park, N.J.–May 19, 2006––KSS, the global leader in fuel pricing automation and optimization solutions announced today the release of KSS PriceNet Web, a Web-based module for collecting store-level data, including fast-changing, competitive fuel prices and events.

As an integrated module of the KSS PriceNet solution, KSS PriceNet Web improves response times to market conditions by expediting the pricing process of both store and headquarter personnel. In essence, KSS PriceNet Web makes sure that fuel pricing data such as competitor pricing and special events, are quickly reported, received and then acted on.

“KSS PriceNet Web provides the ability to accurately capture, communicate and react to site-specific market conditions, almost immediately,” said Bob Stein, chief executive officer of KSS’ fuels division. “ Whether it’s a competitor’s price changes or road construction, KSS PriceNet Web provides the means for store-level employees to communicate with––and receive from––their corporate office the key variables that critically influence fuel pricing.”

At a corporate level, KSS PriceNet takes data fed from KSS PriceNet Web, and generates new pricing, which in turn is communicated back to the store and verified through KSS PriceNet Web. This entire pricing process from start to finish is typically done within minutes, and replaces processes that used to take hours or days. Customers using KSS PriceNet Web to date are reporting that it adds power and simplicity while delivering an almost instant view into each stores’ current market conditions.

KSS is showcasing KSS PriceNet Web during NACSTech, a technology trade show targeting convenience stores, May 22-24, 2006, in Nashville Tenn.

 

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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