Contract Win

RNS Number : 1768D

Eurovestech PLC

11 September 2008

 

11 September 2008

Eurovestech plc

('Eurovestech')

KSS Retail wins United Supermarkets contract

Eurovestech is pleased to announce that its wholly owned subsidiary KSS Retail Limited ('KSS Retail') has been selected by United Supermarkets, L.L.C. ('United Supermarkets') as its provider of price modelling and optimisation software solutions.

United Supermarkets operates 48 supermarkets in Texas, USA and has annual sales in excess of $1 billion. United Supermarkets will use the real-time predictive modelling of KSS Retail's optimisation software to enhance value in its pricing and promotions.

United Supermarkets joins a growing list of retailers to select KSS Retail's price optimisation solutions. These include Raley's, Haggen, Brookshire Brothers, Cumberland Farms, Super S Foods, Sonae Distribuicao in Portugal and online retailer dabs.com in the UK.

KSS Retail's chief executive officer Lance Jacobs said 'We are excited to have United Supermarkets as our latest retail partner. We are confident that they will achieve great results in their use of price optimisation'.

Chris St. Clair, vice president and chief information officer of United Supermarkets, said 'We believe KSS Retail will provide us the enhanced toolset to execute our pricing strategy more effectively across both promotional and everyday-priced items, while identifying missed opportunities to offer better value'.

Richard Bernstein, chief executive of Eurovestech, said 'This latest contract win is further evidence of the momentum being generated by KSS Retail and the growing realisation of the potential of its solutions in the marketplace'.

Further information:

Eurovestech plc
Richard Bernstein Chief Executive	Tel: [phone] www.eurovestech.com
John East & Partners Limited
Simon Clements	Tel: [phone]

Notes

KSS Retail is a leading provider of price optimisation with the only real-time, self-learning solution for grocery, chain and convenience stores and for online retail markets.

 

END

 

 

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