KSS Fuels and Market Planning Solutions Inc. (MPSI) – world-leading providers of fuel pricing software, network planning services, data collection and analytics – announced today that KSS Fuels will acquire MPSI and that the respective organizations will be merged, effective in late May, subject to shareholder approval.

In addition to integrating both companies’ industry-leading fuel pricing software and analytics, the combined organization will build upon MPSI’s recognized leadership in network planning capabilities globally to serve petroleum, convenience and grocery retailers of all sizes and in all segments of the market. It will also leverage the companies’ collective research, sales and marketing resources to diversify into new market verticals and sectors.

“Together, we will provide global reach, unparalleled service and a comprehensive suite of proven solutions to deliver even greater value to customers in our existing markets and to serve the rapidly developing needs of customers in emerging fuels markets,” said Bob Stein, president and chief executive officer of KSS Fuels, who will manage the combined entity.

“We will draw upon our strong customer relationships and broad experience in serving the oil and gas and petroleum retail industries. Besides providing continuity to current products and services of both companies, we will also create valuable new service and business analytic offerings by teaming the best minds and proven industry experts to maximize the benefits of the math, science and intellectual capital of both of our organizations. In doing so, we will create additional opportunities to help our customers – and our company – grow.”

James Auten, president and chief executive officer of MPSI, added, “This presents an opportunity to introduce MPSI’s network planning products and data services to customers with which KSS Fuels already has relationships, to have the combined entity develop new consulting and analytic services to bring to market and to leverage the collective resources of the organization to accelerate progress in non-petroleum sectors.”

The companies currently serve approximately 500 customers in more than 80 countries, with little overlap in customer base.

“With its broadened geographic reach, the combined organization will be in a strong position to provide value-added solutions across the globe, including Africa, China, India, Japan, Russia, Southeast Asia, Europe and the Americas,” said Auten.

KSS Fuels will continue to operate under both the KSS Fuels and MPSI brands for the foreseeable future, and will maintain and service existing products. Its headquarters will be in Manchester, UK, with MPSI offices remaining in Tulsa, Okla., and international locations.

About KSS Fuels

KSS Fuels is the leading global provider of pricing software, analytics and consulting services to fuel retailers and wholesalers in the oil & gas, convenience store, grocery and retail industries. Providing “Knowledge beyond the numbers,” KSS Fuels helps fuel marketers and distributors implement effective pricing solutions and increase profitability through the use of knowledge and numbers. The company’s US headquarters are located in Florham Park, New Jersey, and its international headquarters are based in Manchester, United Kingdom. KSS Fuels is 100 percent owned by Eurovestechplc (LSE: EVT.L). For more information about KSS Fuels, please visit www.kssfuels.com.

About MPSI

Based in Tulsa, Okla., MPSI is a leading provider of fuels pricing, site evaluation and network planning solutions. Since 1970, its products and services have helped customers with fuels price management, price optimization, volume projections, retail asset management and retail outlet data. MPSI is also a principal provider of traffic data, demographics and online mapping. For more information, visit www.mpsifuels.com.

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