GK Software SE — Regulatory Filings 2008

Dec 17, 2008

News Details

Corporate | 17 December 2008 07:56

JYSK Nordic purchases global sales system from GK SOFTWARE AG

GK Software AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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Schöneck/Brabrand, December 17, 2008 – One of the leading European
furnishing and furniture retailers JYSK Nordic has signed a contract with
GK SOFTWARE AG from Germany for a new global sales system. Today, JYSK
Nordic operates in eleven countries but the contract with GK SOFTWARE AG
covers an expansion to 21 countries.

The system enables JYSK Nordic to operate seamlessly on existing and new
markets, including China and Eastern Europe. 'JYSK Nordic is now able to
efficiently accommodate for different national legislative requirements and
to operate on all languages, including Chinese, in a unified and highly
flexible system. With the new solution we also get a solution that is easy
to use and can be mastered by new personnel in just 2 to 3 hours,' says
JYSK Nordic’s Director of Finance and IT, Henrik Naundrup.

JYSK Nordic will roll out the new GK/Retail sales system over the next
three years, country by country, lead by a team of 10-15 experts. Amongst
the advanced features of the new sales system are locally adjusted customer
loyalty programmes, in-store Internet sales, optional queue-busting
achieved via personnel with handheld terminals, and interoperability with
all major payment solutions worldwide.

'We have gone through a highly systematic purchasing process that makes us
confident that the deal we are making with GK SOFTWARE will also be a good
deal in a long term perspective,' concludes JYSK Nordic’s Director of
Finance and IT, Henrik Naundrup.

With the JYSK Nordic deal GK SOFTWARE won another international customer
for GK/Retail. At the same time the company opens up the segment of
furnishing and furniture retailers and will be present with solutions in
new countries in Eastern Europe and Asia.

About JYSK:
In 1979, Danish entrepreneur Lars Larsen opened his first JYSK store.
Today, JYSK has grown to more than 1,450 stores spanning 32 countries
employing around 14,000 people. JYSK’s ambition is to provide a great offer
for everyone within sleeping and living, fulfilled with JYSK stores all
around the world. The group is still owned by Lars Larsen and the annual
turnover is approx. € 1.9 billion. JYSK Nordic includes 11 of the 32
countries, where JYSK is today.

Company Profile GK SOFTWARE AG:
GK SOFTWARE AG is a European technology leader in the development and
provision of standard software solutions for the retail industry. The open
and platform-independent software solutions of the GK/Retail Suite, which
are fully programmed in JAVA, have allowed the company to establish itself
on the market as a technology and innovation leader. The software allows
retail chains to optimize their company's organization and to create
significant potential for cost savings as well as to realize customer
loyalty potential in order to increase competitiveness.

The company employs 199 employees (as of September 30, 2008) at its
headquarters in Schöneck and at four other business locations: Berlin, St.
Ingbert, Plzen in the Czech Republic and Basel/Riehen in Switzerland. GK
SOFTWARE AG can list well-known German retail stores among its customers
which include, for example, Galeria Kaufhof, Parfümerie Douglas, Coop
(Switzerland), EDEKA Hannover-Minden, Lidl, Netto Markendiscount and
Tchibo. The company’s software solutions are being used in approximately
12,500 retail stores in over 55,000 installations in currently 24 countries
worldwide. The company has grown quickly over the past few years and its
revenues reached EUR 10.75 million in 2007. The company’s EBIT amounted to
EUR 2.33 million (EBIT margin on total operating revenue of 20.0%). Since
1990, the two founders and Executive Board members, Rainer Gläß (CEO) and
Stephan Kronmüller (CTO), together with the Executive Board members Ronald
Scholz (COO) and André Hergert (CFO) have grown GK SOFTWARE AG to become a
fast-growing, profitable company.

Contact Investor Relations:
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
E-mail: wiehle@cometis.de

GK SOFTWARE AG
Dr. René Schiller
Tel.:+49 (0) 37464-84-264
Tel.:+49 (0) 37464-84-15
E-Mail: rschiller@gk-software.com

17.12.2008 Financial News transmitted by DGAP

Language: English
Issuer: GK Software AG
Waldstr. 7
08261 Schöneck
Deutschland
Phone: 037464 - 840
Fax: 037464 - 8415
E-mail: investor-relations@gk-software.com
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart

End of News DGAP News-Service

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