GK SOFTWARE AG Acquires Order From HORNBACH-Baumarkt-AG

GK SOFTWARE AG has received an order from HORNBACH-Baumarkt-AG to adapt its GK/Retail standard software to the specific processes used by the successful home improvement store chain. The aim of the project is to jointly develop the adapted version of the standard software until the pilot version is ready. This is a first important step by GK SOFTWARE AG to tap into the home improvement retail sector with its standard GK/Retail software.

About HORNBACH-Baumarkt-AG:
The HORNBACH Group is one of the largest operators of home improvement and garden stores in Europe. HORNBACH-Baumarkt-AG currently has 128 large-scale home improvement and garden stores in nine European countries. The company, which is part of HORNBACH HOLDING AG, had turnover totalling € 2.47 billion in the 2007/2008 business year. It has had a strategic alliance with the British firm Kingfisher plc, one of the leading retail companies in Europe, since 2001.

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.

SOURCE: GK SOFTWARE AG