Contract Win

12 January 2009

                                Eurovestech plc                                

                                ("Eurovestech")                                

                       Portfolio Company Trading Update                        

Eurovestech is pleased to report that its wholly-owned portfolio company KSS
Retail Ltd. ("KSS Retail") has today announced a further contract win with
Associated Food Stores Inc., a major US wholesale distributor operating in
eight US states. KSS Retail has also recently signed contracts with Spartan
Stores Inc., the tenth largest grocery distributor in the United States.  KSS
Retail has a financial year-end of June and as a result of these and other
contract wins, achieved unaudited revenues in the six months to December
2008 equal to the entire revenue for the previous financial year. Unaudited
operating profits for the six months to December 2008 were approximately US$1
million.

 

Commenting, Richard Bernstein, Eurovestech's Chief Executive, said: 

"KSS Retail continues to deliver strong revenue growth, which has now
translated into operating profits. We are hopeful that despite the economic
environment, the company will continue in its current impressive growth trend."

Further information:

Eurovestech plc
Richard Bernstein Tel: [phone]
Chief Executive



John East & Partners Limited
Simon Clements / David Worlidge Tel: [phone]


KSS Retail provides pricing software and services to help organisations make
more effective pricing & promotion decisions that consistently meet their
customer needs and hit performance objectives. KSS Retail solutions deliver a
consistent, company-wide platform for pricing management, reporting & price
decision-making that facilitates best practice processes & the efficient
sharing of expertise.