Archive for 2006

Park City Group Announces Research and Development Partnership with IDeA Labs

Company Working with One-of-a-Kind Retail and E-Business Lab Developing New Algorithmic Decision Processes; Renowned Technology Center Supported by National Science Foundation

PARK CITY, Utah–(BUSINESS WIRE)–Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions for retailers, today announced a research and development partnership with the Information and Decision Algorithm (IDeA) Laboratories at Brigham Young University, enabling Park City Group to develop new and emerging retail technologies in cooperation with university researchers.

The IDeA Labs relationship will enable Park City Group to improve upon its already robust product suite of forecasting, computer assisted ordering, and demand replenishment tools. Park City Group believes that this relationship will significantly add to its deep portfolio of patented intellectual property and that its customers will see the benefit of this partnership in the very near term. In fact, through its work with IDeA Labs, Park City Group is already realizing significant improvements to its forecasting algorithms.
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Park City Group Adds Earthbound Farm As Newest Customer

Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions for retailers, announced today that Earthbound Farm has joined its outstanding roster of customers. Earthbound Farm, the nation’s leading provider of organic produce and specialty salads, becomes Park City Group’s newest Supply Chain Profit Link customer. (more…)

Letter From the Chairman

Dear Valued Shareholders,

We welcome you to our year-end update of Fiscal 2006! We would like to take this opportunity to do a look back at a very successful year and set the stage for our upcoming launch into fiscal 2007 – another year which we anticipate will be a breakthrough year for the Company.

Looking back, we’ve had a tremendous year highlighted by many laudable achievements that will be outlined later. Our hard work and dedication to our shareholders, coupled with our customers who have continued to achieve improved results through our products, have allowed us to achieve record breaking revenues and profits in 2006. We believe the most important factor to consider is that our products are rapidly gaining traction in the industry. There is a buzz in the retail industry about our Company, products, services and most importantly, the success our customers are experiencing. This is reflected in their willingness to spread the word about our products and services in industry meetings and publications. (more…)

Park City Group Aggressively Defends Its Intellectual Property

PARK CITY, Utah–(BUSINESS WIRE)–In its continuing efforts to protect and preserve the value of its intellectual property, Park City Group (OTCBB:PCYG) announced today that it is aggressively defending its patented labor management method and process in a patent infringement litigation against Workbrain Corporation (TSX:WB). The Toronto-based Workbrain markets Total Workforce Management including a workforce scheduling component that Park City Group alleges infringes the company’s U.S. Patent No. 5,111,391.
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Park City Group Will Present at Value Rich Small Cap Financial Expo in Las Vegas

Financial Professionals Invited to Attend October 25 and 26, 2006 2-Day Conference at the Wynn Las Vegas

Park City Group, Inc. (PCYG) today announced that management will present at the Value Rich Small Cap Financial Expo at the Wynn Las Vegas on October 25th and 26th. Members of Park City Group’s management team will be available in booth #416 for the duration of the conference, and will additionally conduct a 25-minute group presentation at 2:15 pm PT on Thursday October 26th, featuring a corporate overview and an update on the company’s strategic growth initiatives.

Management will be available for one-on-one meetings with financial professionals as well during the duration of the conference; those interested in scheduling such a meeting should contact John McNamara of Cameron Associates, at 212-554-5485 or email him at John@cameronassoc.com.

VMI in the Perishable Supply Chain

Vendor-managed inventory (VMI) is one of the most widely discussed partnering initiatives for improving supply chain efficiency in the retail grocery industry today. The practice was first tested by Wal-Mart and Procter & Gamble in the late 1980s. Over time, successful VMI initiatives have been implemented by Johnson & Johnson, Frito Lay, Campbell Soup, and Barilla, the pasta manufacturer and numerous other regional and national firms.
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Park City Group Awarded Patent for Real-Time, Multi-Language Conversion Technology

Dynamic Translation Capability Productized in Fresh Market Manager Software;
New Licensing Opportunities Eyed as Company Adds to Library of Intellectual Property

Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions for retailers, today announced the approval of U.S. patent 7,113,904 B2, which is described as a “system and method for providing dynamic, multiple-language support for application programs.� The patented technology is a quick-switch tool that allows users to change the language of a software application in real time with a single mouse click.
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Winning With Perishables In A “Value Retailing� World

Fresh Item Management

Abstract

FMMThis white paper provides information on why fresh item management (FIM) is critical to winning in a retailing environment that is consolidating towards value retailing. In addition, Fresh Market Manager (FMM) and Profit Optimization Methodology (POM) are introduced as the preferred FIM technology and organizational behavioral change platforms.
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