KSS Contract Win

RNS Number : 9187G

Eurovestech PLC

10 February 2010

Eurovestech plc
("Eurovestech" or "the Company")

KSS contract win

Convenience retailer The Pantry Inc to install KSS solutions at 1,600 sites

Eurovestech is pleased to announce that its wholly-owned fuel price optimisation subsidiary, KSS Ltd ("KSS"), has won an order from The Pantry Inc ("The Pantry"), one of the largest independently operated convenience store chains in the United States. The order has a value of several million US dollars.

The Pantry has selected a suite of KSS products to provide day-to-day fuel price management and optimisation at more than 1,600 retail locations in the southeastern United States. The KSS products include PriceNet, PriceNet Web, KSS Analytics, KSS Mapping and KSS Visualizer.

The Pantry sells gasoline at most of its locations; additionally, commercial fuel is available at about 80 travel centre sites. Its primary operating banner is Kangaroo Express. The KSS products will enable it to respond more quickly to changing oil prices.

Richard Bernstein, Chief Executive of Eurovestech, said "We are delighted that such a large and important retailer as The Pantry has chosen KSS solutions to help it maximise its pricing efficiency. This is further evidence of the strength of the KSS technology and customer service offering".

Keith Bell, Senior Vice President, Fuels Operations & Construction for The Pantry, said "We selected these KSS solutions because we wanted a higher level of efficiency around our execution of fuel price changes. Having a system that provides enhanced market responsiveness will enable us to improve our overall performance around fuel volume and margin. We are convinced that these KSS solutions offer our stores a 'best practices' approach to fuel pricing."

About The Pantry

Headquartered in Cary, North Carolina, The Pantry Inc. is the leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country. At 2 December, 2009, it operated 1,663 stores in eleven states under select banners, including Kangaroo Express, its primary operating banner. The Pantry's stores offer a broad selection of merchandise, as well as gasoline and other ancillary services designed to appeal to the convenience needs of its customers. For more information, visit www.thepantry.com.

About KSS Ltd

KSS Ltd, the Fuels Pricing Expert, is the leading global provider of pricing software, analytics and consulting services to fuel retailers and wholesalers in the oil & gas, convenience store and retail industries. KSS helps fuel marketers identify and efficiently execute optimal pricing strategies. Its US headquarters are in Florham Park, New Jersey, and its international headquarters are in Manchester, UK.
PriceNet is a comprehensive pricing solution that supports the key tasks and stakeholders involved in retail fuels pricing. KSS Analytics, KSS Mapping and KSS Visualizer are all business intelligence tools providing overviews of a customer's fuel operations through various dashboards and displays. For more information about KSS, please visit www.kssg.com. Eurovestech owns 100% of KSS Ltd.

For further enquiries please contact:

Eurovestech plc Richard Bernstein (Chief Executive) 020 7491 0770

Merchant John East Securities Limited David Worlidge/Simon Clements 020 7628 2200

This information is provided by RNS

The company news service from the London Stock Exchange

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