LS Retail, the leading supplier of quality Retail and Hospitality solutions will as of 1 October 2007 be run as an independent software house.

Previously LS Retail was a department within Landsteinar Strengur, but it has now been decided that the timing is right due to the increasing business volume of LS Retail to give it even more focus by running it as a separate entity.

As an independent company, LS Retail will become a pure Independent Software Vendor totally focused on developing and marketing its world-leading range of Retail and Hospitality solutions based on Microsoft Dynamics NAV/AX and Microsoft .NET software.

Landsteinar Strengur hf. will concentrate on implementation projects and further development of other ISV solutions for the local Icelandic market as well as the international market.

Mr. Ingvar Kristinsson who has led the LS Retail Team for the last four years decided earlier this year to leave the company.  He will, however, act as the Managing Director of LS Retail ehf. until a new managing director has been appointed.

Commenting on the development Mr. Kristinsson said: ‘The increasingly sophisticated and specialized nature of LS Retail requires a very high degree of both technical and marketing focus. By establishing LS Retail ehf. we will be best placed to serve our partners and to continue to push forward the boundaries of our field in the years to come. We have continually delivered product innovations and the time is now right to progress as an independent company.’

About LS Retail
Microsoft Dynamics Regional ISV Partner of the Year 2007
LS Retail is one of the principal companies developing retail and hospitality solutions based on Microsoft Dynamics NAV/AX for the international arena.

LS Retail has been sold to 130 countries, translated into 33 languages and is distributed through a partner network including more than 75 Certified partners in 51 countries

LS Retail is used by more than 15.000 stores operating over 35.000 POS terminals worldwide. Among many satisfied users of our solutions are: adidas, Bestseller ( Vero Moda, Jack and Jones, etc.), Alliance Pharmacy, Magasin du Nord, Popular Bookstores, IKEA, MIT Italy, Bulgarian Telecom, SPAR Belgium, Starboard/LVMH Moet Hennessy Louis Vuitton USA, APC Japan, Čili Pizza, Waltons Stationery Company - Bidvest Group (South Africa) and many more.

For further information please contact:
LS Retail ehf.
Tel: +354 5509000
Fax: +354 5509010
Email: info@LSRetail.com
Website: www.LSRetail.com
Partners:  www.LSRetail.com/partners