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GPM Investments, LLC Streamlines Fuel Pricing with KSS PriceNet

PriceNet selected to reduce response times and highlight key performance issues

FLORHAM PARK, N.J.—Feb. 19, 2008. KSS, the global leading supplier of pricing analytics, execution and optimization systems to the petroleum industry, announces that GPM Investments, LLC which does business under the trade names Fas Mart and Shore Stop, a Virginia based company with over 200 convenience stores, has selected PriceNet, a fuel price management and optimization system, for a company-wide implementation.

GPM has chosen PriceNet to streamline its fuel pricing process for their 200+ convenience stores in the Mid Atlantic and Northeast. With the help of PriceNet, Fas Mart will be able to review up-to-the-minute information relevant to the performance of each fuel grade at every location on an exception basis. Automated alerts and exceptions will enable the pricing team to take immediate action by focusing their attention on the suggested pricing opportunities.

Don Bassell, CFO, said, “Our customers have come to know us for our commitment and passion for excellence and it was our desire to extend this to our fuels pricing that eventually steered us to the KSS PriceNet solution. We are excited to begin the roll-out and look forward to seeing the benefits of PriceNet within a relatively short timeframe."

PriceNet is an end-to-end pricing solution supporting the key tasks and stakeholders involved in retail fuels pricing, from capturing field-based intelligence at the site level to the generation of price proposals via comprehensive pricing rules or price optimization to consistent and timely implementation. High levels of automation and an ‘exception-based’ approach ensure a rapid response to competitors and market conditions and allow pricing analysts to leverage the power of pricing analytics and automation.

“GPM’s desire to challenge one of its core business processes typifies a growing trend among convenience chains to leave no stone unturned in the relentless search for greater efficiencies, more focused customer service, and bottom-line performance improvement. We are delighted they recognized the capabilities of our PriceNet system and the skills of our people to help them in their quest for more effective fuels pricing. ” said Bob Stein, KSS chief executive officer and president.”

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