Retail Expert Celebrates 10 Year Anniversary and Record Earnings in 1Q, 2006

Woburn, Massachusetts - This month, Retail Expert celebrates 10 years of building superior customer relationships and delivering world class products to the retail industry. These customer relationships have allowed the company to deliver innovative software products that reduce shrink and improve performance across the enterprise.

“When Retail Expert was founded in 1996, we committed to treat each customer as a valued partner,” says Garrett Knight, President and co-founder of Retail Expert. “That commitment continues today. Our customers - world class companies and outstanding business partners - attest to our integrity, dedication, and industry knowledge. We are known as a company that goes the extra mile to deliver world class products.”

The first quarter of 2006 proved to be the most successful in our company’s history. Several factors contributed to this success, including:

• Three new customers, Weis Markets, Kohl’s Department Stores, and Follett Corporation.
• Several new development contracts with existing customers.
• Expansion into Canada and Europe .
• The introduction of our MaintenancePlus program designed to help our partners plan and budget for additional support.
• The rollout of NaviTrack, aimed at increasing profits and improving vendor performance in the area of Direct-Store-Delivery.
• The launch of FS/Inventory, designed to provide a clear view of inventory movement by UPC or SKU.

Several key personnel changes were announced. Mike Mitchell was promoted to Director of Client Services, Andrew Sernekos was named Chief Technology Officer, and Kelli Woelfel joined the Sales and Marketing team. The company will add several new associates in the first half of 2006.

“Revenue in the first quarter was up significantly compared to last year,” said John Conmy, Executive Vice President and co-founder. “Our internal restructuring helped improve our performance and as a result, our sales pipeline is stronger than ever. We continue to add customers, and expand our products for our existing accounts.”

As Retail Expert enters its second decade, many new opportunities lie ahead. However, several things will remain constant: the company will continue to deliver outstanding software products and superior customer service, and we look forward to enhancing our strong business partnerships with our customers.

About Retail Expert, Inc.

Retail Expert, Inc. was founded in 1996 and is a privately owned company with offices in Boston, New Jersey, and San Diego. Retail Expert Inc. provides innovative software solutions as well as superior technical and consulting services for the retail industry. Its applications deliver significant benefits and rapid ROI in, Loss Prevention Store Operations, Refund Management and Inventory Control disciplines. Retail Expert’s customers include CVS/Pharmacy, Rite Aid Corporation, Linens ‘n Things, Marshall’s, TJ Maxx, Burlington Coat Factory, Helzberg Diamonds, Home Goods, Regis Corporation, Spencer Gifts, Toys R Us, Babies R Us, Schnuck Markets, Barnes & Noble College Booksellers, Basha’s, Gordman’s, Lund Food Holdings, Big Y Foods, Hannaford Bros., HEB Grocery, Spartan Stores, Penn Traffic Shopper’s Drug Mart, Lowes Foods, and the Gap. For more information visit www.retailexpert.com.

Media Contact: Kelli Woelfel
Retail Expert, Inc.
781-933-8436