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KSS Reports Record Revenues, Profitability and New Customer Installs for Fiscal 2008

Posted on: Thursday, 25 September 2008, 15:00 CDT

KSS, the global leading supplier of fuels pricing analytics, execution, and optimization systems to the oil & gas, convenience store, grocery and big box retail industries, today announced record sales for the fiscal year ending June 2008, with profitable double-digit revenue growth. The company also increased its customer count by 30 percent by adding new clients for its fuel pricing software, as fuel wholesalers, convenience and grocery stores and big box retailers leveraged the value of KSS technology to increase competitiveness in a volatile fuel market.

KSS said the strong growth continued across all core sectors, with the number of new customer deals and expanded scope of existing customer relationships contributing to the best performance in the company's history. The increased growth also correlates to the growing demand for sophistication and automation in the market to effectively price fuel products.

"This has been a year of unprecedented challenges for our customers, with oil prices breaking records on a weekly basis and price volatility the likes of which our industry has never experienced," said Bob Stein, president and chief executive officer of KSS. "Our outstanding results underscore how price management and optimization are truly game-changing opportunities for operators of all sizes."

In addition to record bookings, other key accomplishments over the past 12 months include:

-- Rapid growth in the grocery retail sector, reflecting the increased recognition of the contribution fuels pricing can have in driving revenue and main store traffic.

-- The company was named by SAP as the only SAP-endorsed business solution for both retail and wholesale fuels pricing, and jointly delivered SAP Solution-Qualified integration.

-- Delivered major releases of each of the flagship PriceNet and RackPrice products.

-- KSS was acknowledged by a major multi-national customer as "best in class" across all of its IT suppliers.

-- The company achieved double-digit growth in services revenues from existing customers, as they expanded the scope of solution usage to incorporate business intelligence and other analytical capabilities.

About KSS

KSS is the global leading provider of pricing analytics, price management, rules-based pricing and optimization technology and services to fuel retailers and wholesalers in the oil and gas, convenience store, grocery and big box retail industries. KSS clients include global, national and regional companies managing more than $175 billion in revenue through 24.000-plus fuel sites and rack terminals throughout the world. KSS US headquarters are located in Florham Park, N.J. and European headquarters are based in Manchester, U.K.

For further information please visit the KSS web site at www.kssg.com.

Source: Business Wire

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