Archive for 2009

Park City Group, Inc. Schedules Full Year 2009 Financial Results

Conference Call for September 30, 2009 at 11:00 A.M. EDT

PARK CITY, UT – September 22, 2009 – Park City Group (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, today announced that Randy K. Fields, Chairman and CEO, will host a conference call on Wednesday, September 30, 2009 at 11:00 A.M. EDT to discuss full year 2009 financial results.

Shareholders and other interested parties may participate in the conference call by dialing (888) 679-8018 or (International) (617) 213-4845 and entering Conference ID #40859144.

A replay of the conference call will be accessible until October 30, 2009 by dialing (888) 286-8010 or (International) (617) 801-6888 and entering Conference ID #77464283.

About Park City Group
Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information please visit www.parkcitygroup.com.

Park City Group to Present at National Investment Banking Association Conference

PARK CITY, UT – September 14, 2009 – Park City Group, Inc. (OTCBB: PCYG), a developer of patented, innovative retail supply chain solutions and services, today announced that it will participate in the National Investment Banking Association Conference on September 24, 2009 at the Marriott Renaissance Hotel & Spa, Oklahoma City, OK. Randall K. Fields, Park City Group’s Chairman and CEO will present at the conference and will review the Company’s operations and growth strategies.

About the National Investment Banking Association
The National Investment Banking Association is a national trade association of national, regional and independent broker dealers, investment banking firms, investment advisor companies, and related capital market service providers.

About Park City Group
Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information please visit www.parkcitygroup.com.

Spartan Stores, Fourth Hub of 2009, Selects Park City Group’s Consumer Driven Sales Optimization (CDSO)

PARK CITY, UT – September 8, 2009 – Park City Group (OTCBB: PCYG) today announced Spartan Stores Inc., a Michigan-based grocery retailer and one of the nations largest wholesale distributors, has signed on to become the latest grocery retailer to implement Park City Group’s Consumer Driven Sales Optimization™ (CDSO) model in support of their scan based trading initiative. Spartan will be joining an extensive community of retailers and suppliers using a common platform where they can capture, manage, analyze and share critical data, bringing greater visibility throughout their supply chain. Park City Group provides solutions and services to retailers and suppliers.

“Consumer Driven Sales Optimization and Scan Based Trading will be an important tool to support our strategic business plan and business goals,” noted Alan Hartline, Executive Vice President Merchandising and Marketing.

Spartan Stores was investigating a scan based trading solution to improve working capital and eliminate inventory fluctuations at financial period ends. They were also searching for a solution that could reduce their shrink by category/vendor through a shrink sharing program. Park City Group’s Consumer Driven Sales Optimization model was selected to provide greater visibility into store-level product movement, enabling Spartan Stores and its suppliers to have a more collaborative relationship through shared visibility to the necessary supply chain information.

Spartan Stores will also be utilizing the Park City Group’s operational insights solution which will provide visibility into shrink by vendor, store, and product, as well as by user-defined attributes, such as department and management structure, and helps identify the root causes of shrink. Spartan will utilize the solution to perform a deeper dive into detailed analytics and support their shrink sharing program.

“The volume of retailers we have seen on-boarding with CDSO is beyond expectations. We have always seen the value of collaboration and data sharing between retailers and suppliers, and are pleased to see the market respond so favorably.” stated Randall K. Fields, Chairman & CEO of Park City Group.

About Park City Group:
Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies and customer service. Park City Group’s innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.

Park City Group Refinances $2.0 million Note

Reduces Annual Interest Costs and Improves Balance Sheet

PARK CITY, UT – August 31, 2009 – Park City Group, Inc. (OTCBB: PCYG), a developer of patented, innovative retail supply chain solutions and services, today announced that it has refinanced approximately $2.0 million of promissory notes with Baylake Bank. The new note replaces a three year Note issued by Prescient Applied Intelligence, Inc., which was acquired by Park City Group on January 13, 2009. The new Note bears a fixed interest rate of 4.25% per year and matures on August 1, 2012.

“We are extremely satisfied with the terms of this financing transaction and certainly pleased with our banking partner,” said Randall K. Fields, Park City Group’s Chairman and CEO. “This transaction provides further liquidity and support to our exciting growth plans and illustrates our ability to raise funds at reasonable rates in a challenging financial market.”

About Park City Group
Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information please visit www.parkcitygroup.com.

Forward-Looking Statements

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to Park City Group, Inc. (”Park City Group”) are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Park City’s annual report on Form 10-KSB for the fiscal year ended June 30, 2008, its quarterly report on Form 10-Q for the quarter ended March 31, 2009, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

Atkins Nutritionals Inc. Chooses Park City Group Vendor Managed Inventory to Support Company Growth

PARK CITY, Ut.  – August 6, 2009 – Park City Group (OTCBB: PCYG), today announced that Atkins Nutritionals Inc., a leading weight control nutrition company, is implementing Vendor Managed Inventory (VMI) with McLane Company, Inc.   Park City Group’s VMI solution will support current business requirements and will also support future growth with McLane and additional partners. Park City Group provides innovative solutions and services to retailers and suppliers that increase sales while simultaneously reducing out of stocks, shrink and inventories.  

Atkins Nutritionals sought out a VMI solution to provide improved internal visibility to ordering requirements with their strategic customers. They were also looking to support their promotions and needed a solution that could help anticipate demand during those promotional periods. They chose Park City Group’s VMI solution because of their domain expertise and depth of VMI functionality for Consumer Products. 

“The implementation of VMI is a long term growth strategy and we look forward to a long and prosperous partnership with Park City Group,” commented Jim Allwein, Chief Financial Officer at Atkins. 

VMI is part of Park City Group’s Consumer Driven Sales Optimization™ (CDSO) model, which seeks to improve sales, reduce inventories and improve product shrink. CDSO allows retailers to change how inventory is treated at both retail and wholesale or in their Distribution Centers by establishing a new philosophy or strategy regarding the management of inventory. 

“Atkins is joining dozens of other Consumer Products companies we have utilizing our VMI solution. We continue to see the market adopt vendor managed inventory practices and Park City has built a world class solution for this industry. Our solution has the flexibility and functionality to meet the needs of any supplier who is engaging in VMI with their retail partners to lower inventory levels and improve service,” stated Randall K. Fields, Park City Group CEO. 

About Park City Group:

Park City Group is a trusted business solutions and services provider that enable retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.

HAC, Inc. Third Hub of 2009 to Implement Park City Group’s Scan Based Trading (SBT)

PARK CITY, UT – July 28, 2009 – HAC, Inc., a seventy five store grocery retailer in Oklahoma that includes Homeland, United and Country Mart banners, has signed on to become the latest grocery retail hub to implement Park City Group’s Scan Based Trading (SBT), which is designed to improve sales, reduce inventories and improve product shrink through improved visibility to scan data. Park City Group, (OTCBB: PCYG) a provider of solutions and services to retailers and suppliers, has built its business on a ‘hub & spoke’ model where retailers are the hubs and suppliers/wholesalers are the spokes. This model creates a community, using a common platform where the ‘hubs & spoke’s’ (retailers & suppliers) can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain. 

The Park City Group application is a web-based SBT solution that provides visibility into store-level product movement, allowing suppliers to spend more time merchandising product, and reducing the time-consuming operational drudgery from the retailer-supplier relationship. Park City Group’s solution will enable HAC, Inc. and its suppliers to have a more collaborative relationship through shared visibility to the necessary supply chain information. 

Flowers Foods Inc., a leading producer and marketer of packaged bakery foods in the United States, will be among the first suppliers to engage in the program with HAC, Inc. In the coming months, HAC Inc. plans to expand their SBT program to a wide range of categories, through Park City Group’s flexible on-boarding process, which provides a solid foundation for future expansion. 

“Our primary focus for our business is growing sales. When we get the opportunity to also lower operating expenses and improve accuracy in our data we consider that a winning business strategy. We feel that SBT is in step with those goals and with the experience that the Park City Group brings to this new business process, we felt very comfortable in partnering with them”, commented Philip Payment, Vice President Marketing & Merchandising at HAC, Inc.  “The idea of joining a community of suppliers, where everyone is focused on a common goal, is very appealing. The improved relationships with our suppliers will be visible in all aspects of our business, including the store shelf, which is what matters most to consumers.” 

HAC, Inc. will also be utilizing the Park City Group’s operational insights solution to perform a deeper dive into shrink analytics. The solution provides visibility into shrink by vendor, store, and product, as well as by user-defined attributes, such as department and management structure, and helps identify the root causes of shrink.

“We continue to see the number of retailers using Scan Based Trading increase, and I am always pleased to see how quickly we can provide tangible benefits to our retailer and supplier customers, as well as their consumers,” commented Randall K. Fields, Chairman & CEO of Park City Group. “While HAC, Inc. and its suppliers can expect to see many benefits from our solution, the consumers will also benefit from improved on-shelf product availability, reduced shrink and improved in-store merchandising. A satisfied and loyal consumer is imperative to both the retailer’s and supplier’s long-term success.”

About Park City Group:

Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies and customer service. Park City Group’s innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.

Park City Group Predicts Top Trend for Retail in 2009: Trading Partner Collaboration, Focused on Improving the Consumer Experience

PARK CITY, Ut. – July 15, 2009Park City Group, Inc. (OTCBB: PCYG), Chairman & CEO, and co-founder of Mrs. Fields Cookies, Randall K. Fields recently discussed the trends he sees emerging around trading partner collaboration, and the importance of a common goal in improving the consumer experience. He sees the way to that common goal in Consumer Driven Sales Optimization™, a strategic business process designed to maximize all components of the supply chain, beginning with the consumer.

Collaboration is not a new idea. Industry associations, analysts, retailer and suppliers have all been promoting the idea for years. But where the industry has fallen short is in the execution. Commonly, retailers view suppliers as mere ‘manufacturers’, while suppliers view retailers as a distribution channel for their products. The RSR Research 2008-2009 Benchmark Report has found that 85% of suppliers and 100% of retailers are willing or extremely willing to collaborate with their trading partners, but that the biggest challenge to collaboration is visibility into the entire supply chain.

Consumer Driven Sales Optimization™ provides that visibility to both retailers and suppliers by acting as an independent, third party who assists in optimizing inventory and sales for the wholesaler/retailer and supplier. A shift towards this type of model is inevitable, and Mr. Fields sees this renewed emphasis on collaboration resulting in a three step process suppliers and their retailer partners will end up adopting to reach true collaboration.

Step 1: Sharing Critical Supply Chain & Point-of-Sale (POS) Data

In an age where many companies are still dependant on manual processes, the current market shift towards technology has opened the door for the increased sharing of daily consumer activity from retailer to supplier through POS data. This POS data provides crucial knowledge so suppliers can accurately forecast based on consumer demand and retailers can gauge progress against goals. But this influx of data begs the question on both sides, ‘How can I use this data to improve my consumer’s experience, and ultimately my bottom line?’.

Step 2: Aligning the Trading Partners through Collaboration to Achieve Strategic Goals

The new information gained from data sharing and analysis can lead to an alignment of supplier brand strategy and retailer merchandising strategy.  Supplier forecast and promotion plans can be aligned with retailer product strategy around new products, pricing, and promotions leading to a collaborative relationship where all parties plan with the consumer as the ultimate customer. With a common goal as the driving force, this collaborative relationship will allow for increased visibility, a quick response to demand and better business.

Step 3: Using Collaboration to Prevent Out-of-Stocks

Successful collaboration of trading partners allows for a new business strategy: proactive vs. reactive. When you can anticipate consumer demand through more accurate forecasting and planning, the result is intelligent market execution, leading to decreased out-of-stocks and optimized inventory levels. Retailers on average see out-of-stocks hover around 7%, which equals lost sales for both retailer and supplier that can total in the millions.

“Consumer Driven Sales Optimization creates an alignment of interests for the retailer and supplier, by starting at the most important point in the supply chain, the scan.” commented Mr. Fields, “this focus on effectiveness vs. efficiency means an emphasis on better assortments, in-stocks and at the shelf performance. All of this provides a noticeable difference to the consumer.”

For more information on Consumer Driven Sales Optimization™, visit www.parkcitygroup.com.

About Park City Group:

Park City Group is a trusted business solutions and services provider that enable retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.


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