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Knowledge Support (KSS)

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Friday 17 January, 2003

Knowledge Support

Trading Statement

Knowledge Support Systems Group Plc
17 January 2003



The Company will announce its results for the year ended 31 December 2002 on 
24 March 2003. The Board of Directors believes that revenues and losses for the
year ended 31 December 2002 will be in line with its expectations and provides
the following update on trading activities.


The Petroleum business continues to strengthen. A significant licence deal for
the fuels pricing product, PriceNet, was closed in December with a large
Petroleum retailer in Europe. The implementation of that licence will commence
in the first quarter.

In the last quarter of the year ended 31 December 2002 the Company also
concluded a licence deal with Miller Oil Inc and received a firm order for an
extension of the PriceNet licence commitment from a subsidiary of a
multi-national fuels retailer.

A number of successful evaluations with potential customers in the key US market
were completed in the fourth quarter and negotiations for licence deals from
these evaluations are in progress and are expected to be concluded in the next
few months.

Two new evaluations have also recently commenced. Interest in, and sales
pipeline for, the PriceNet product is growing faster than at any time in the
Company's history. As previously stated, the Board continues to target a
breakeven run-rate for the Petroleum business by the end of this current
financial year.


The activity levels within the Retail business continue to improve and the
division achieved two critical objectives in the last quarter of the year. The
new version of the retail pricing product, PriceStrat, was successfully released
and a contractual commitment from a major US retailer was secured to commence
work on the first phase of a four phase, twelve month project to implement the
Company's suite of pricing products.

An order has also been received from a leading convenience store operator in the
US to trial the Company's software. The Board is confident that further
evaluation projects will be announced in the next few months.

Despite the general downturn in IT expenditure, the Board is encouraged to see
significant and growing interest from customers in both the Retail and Petroleum
markets for the Company's Revenue Management products and services.

Strategic review

The net funds at 31 December 2002 were £21.5 million.  As trading conditions
continue to improve, the Board recognises that the Company has cash resources in
excess of that required to develop its current business plan and strategy. The
Board continues aggressively to progress the strategic review with the objective
of maximising shareholder value and will keep investors informed of


KSS Group PLC                                   0161 609 4016
Iain Cockburn
Chief Executive Officer

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                   

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