18th April, 2005
Eurovestech Plc ('Eurovestech')
Knowledge Support Systems Limited ('KSS') secures order from major US
corporation
Eurovestech is pleased to announce that KSS, a leading provider of pricing
solutions to the convenience, retail, grocery and petroleum industries has
secured an initial $168,000 order from a major US corporation, as part of a
license and services agreement, for its retail fuels pricing solution,
PriceNet. The Directors believe this order is part of a planned national
rollout of PriceNet by the US corporation over the next 18 months that is
estimated by KSS to have a total contract value of in excess of $3 million.
Eurovestech owns the entire issued share capital of KSS.
Richard Bernstein, Chief Executive of Eurovestech commented: 'This order
acknowledges KSS' proven track record in servicing and supporting the pricing
requirements of petroleum retailing organisations. KSS continues to view the US
as a key market for both fuels and merchandise pricing solutions and is pleased
to be able to focus its efforts and investment in continuing to develop its
market position.'
Further enquiries:
Eurovestech Plc
Richard Bernstein
Chief Executive Tel: 0207 491 0770
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