Eurovestech PLC
03 August 2007
Eurovestech plc
('the Company' or 'Eurovestech')
Contract Win
Eurovestech is pleased to report that its wholly owned subsidiary Knowledge
Support Systems Limited, '(KSS)', a global leader in intelligent retail pricing
solutions, has been notified that Sam's Club, a division of Wal-Mart Stores
Inc., has selected KSS PriceNet to automate and streamline processes for daily
pricing at its retail fuel centres.
KSS PriceNet is a centrally managed retail fuel pricing system that will allow
Sam's Club to efficiently manage the volatility of fuel pricing to ensure it is
delivering consistent customer value. Sam's Club operates 433 fuel centres
across North America and Canada. 'We selected KSS after an extensive
capabilities analysis and have been very pleased with the benefits we have
realized from using PriceNet,' said Rich Ezell, senior strategy manager-fuel.
'Our goal is to deliver consistent value to our members and KSS PriceNet
provides us the ability to make sure we are accomplishing this, while complying
with an ever-changing legislative environment.' 'We are extremely pleased to be
working with Sam's Club and look forward to helping them capture the benefits
that PriceNet brings.' said Bob Stein, chief executive officer of the KSS fuel
group. 'PriceNet will provide Sam's Club automation, structure and compliance
around a very volatile process.'
Commenting, Richard Bernstein, Chief Executive of Eurovestech said: ' I'm
delighted that KSS has secured a customer win of this calibre and this further
demonstrates the compelling business logic and commercial value of PriceNet.'
About KSS
KSS is the leading supplier of comprehensive pricing intelligence, optimization
and execution solutions to the convenience retail, grocery, chain drug and
petroleum industries, The company helps retailers manage more than $100 billion
in annual revenue from more than 25,000 outlets. Retailers use KSS software to
automate and optimize the pricing process for fuel pricing, as well as in-store
pricing for regular and promotional pricing. PriceNet and other KSS software are
available as an on-site, fully integrated system.
Enquiries:
Eurovestech plc Tel: 020 7491 0770
Richard Bernstein
John East & Partners Limited Tel: 020 7628 2200
Simon Clements/David Worlidge
This information is provided by RNS
The company news service from the London Stock Exchange
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