Archive for 2013

FMI and ReposiTrak™ Partner to Provide Food Safety Traceability Platform for Food Retailers

Salt Lake City, UT and Arlington, VAReposiTrak™, a food and drug safety solution backed by retail technology experts Park City Group (NASDAQ: PCYG) and international food safety and health consultants Leavitt Partners, today announced a joint agreement in which Food Marketing Institute (FMI) the leading supermarket industry trade association, will exclusively endorse and encourage the use of ReposiTrak among its food retail and wholesale members.

Under the agreement, ReposiTrak will be the exclusive solution provider endorsed by FMI in connection with the food and drug safety traceability of goods and related services, including document management. FMI will introduce ReposiTrak to its members, which operate nearly 40,000 stores and 25,000 pharmacies.

“Food safety is the number-one priority for our members,” Dr. Hilary Thesmar, FMI vice president for food safety programs remarked.

“At FMI, we are working to help our members protect their customers and employees, meet all federal and state regulatory mandates, safeguard their brands and reduce financial risk. Traceability is increasingly important to everyone in the food industry and retail is no exception,” Thesmar continued.

“ReposiTrak is appealing because it is interoperable and can work with any system retailers have in place now for tracing products and can “talk” with other software systems. ReposiTrak augments our existing food and drug safety efforts, such as Rapid Recall Exchange and SQFI (Safe Quality Foods Institute), with a proven, comprehensive and easy to implement solution that doesn’t require systems changes and is extremely cost effective.”

Powered by Park City Group’s technology, ReposiTrak enables grocery warehouses, supermarkets, packaged goods manufacturers, food processing facilities, growers, drug stores and drug manufacturers, and logistics partners to track and trace products and components throughout the global food, drug and dietary supplement supply chains. The technology solves the information exchange challenge and is completely interoperable with other systems without hardware purchase or software installation. ReposiTrak also reduces risk in the supply chain by receiving, storing, maintaining, sharing, and providing compliance reporting and proactive expiration alerting of audit, inspection and regulatory documentation required between supplier and customer, all from one convenient location.

“FMI is committed to helping its members and their suppliers reduce time and risk in their supply chains, so it is rewarding to join with them in making the supermarket industry even safer. ReposiTrak and FMI will work to ensure supermarkets and their suppliers can easily, efficiently and cost effectively meet federal food and drug safety requirements while reducing the their financial exposure to the risks associated with contaminated food and drugs,” said Randy Fields, Chairman & CEO of Park City Group.

Fields continued, “We are proud to be partnering with FMI to offer our food and drug safety track and trace platform to the retail food industry. Given its reputation and scale, this partnership clearly makes us the industry standard. We believe that our comprehensive abilities-document management, track and trace across food, supplements and drugs coupled with a very small cost and extraordinary ease of use will allow for even faster adoption of ReposiTrak.”

About FMI

Food Marketing Institute (FMI) proudly advocates on behalf of the food retail industry. FMI’s U.S. members operate nearly 40,000 retail food stores and 25,000 pharmacies, representing a combined annual sales volume of almost $770 billion. Through programs in public affairs, food safety, research, education and industry relations, FMI offers resources and provides valuable benefits to more than 1,225 food retail and wholesale member companies in the United States and around the world. FMI membership covers the spectrum of diverse venues where food is sold, including single owner grocery stores, large multi-store supermarket chains and mixed retail stores. For more information, visit www.fmi.org and for information regarding the FMI Foundation, visit www.fmifoundation.org

About ReposiTrakTM

ReposiTrak is collaboration between Leavitt Partners and Park City Group. The collaboration provides food retailers and suppliers with a robust solution to help protect their brands and remain in compliance with rapidly evolving regulations in the Food Safety Modernization Act. Powered by Park City Group’s technology, ReposiTrak is an internet-based solution that enables all participants in the farm-to-table supply chain to easily manage tracking and traceability requirements as products move between trading partners. More information is available at www.repositrak.com.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

About Leavitt Partners

Leavitt Partners advises clients in the health care and food safety sectors. The firm applies its experience, knowledge and a network of global relationships to serve our clients. As a food safety and health care intelligence business we provide the best available window to the future of American health care. More information is available at www.leavittpartners.com.

Retailers Call Increased Visibility From Park City Group Solutions “A Business-Changing Experience”

Park City Group (NASDAQ:PCYG) a leader in consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, announced that results recently achieved by two customers confirms the use of Park City Group’s DSD Visibility solution enables strategic changes in business processes and facilitates sales increases, out-of-stock reduction and inventory optimization.

“The trend in retail continues to focus on reducing out-of-stocks and growing profitable revenues. We are seeing sales increase trends in excess of 5% year over year by two of our large retailer clients in two different categories,” said Randall Fields, CEO. “At the same time, we’re seeing an average of 35% reduction in waste through fewer returned products. One of our users went as far as to call our system ‘a business-changing experience’.”

Park City Group’s DSD Visibility solution is part of an end-to-end suite of scan-based solutions which also includes store-item level replenishment. Although it is a scan-based solution, inventory buyback by the supplier is not required in a DSD Visibility solution.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

Park City Group Ranked Number 381 Fastest Growing Company in North America on Deloitte’s 2013 Technology Fast 500™

Attributes 202% revenue growth to meeting customer demand for supply chain visibility

Salt Lake City, Utah. – Park City Group (NASDAQ: PCYG), a leader in consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, today announced it ranked 381 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Park City Group grew 202 percent during this period.

“Our customers are the leading retailers and suppliers in the supermarket, drug and related channels, and they require the most sophisticated but easy to implement solutions for their supply chain and in-store product management challenges. We’ve grown because Park City Group delivers a series of technologies that help them sell more, stock less and see everything,” said Randall K. Fields, Chairman and CEO of Park City Group.

“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”

“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”

About Deloitte’s 2013 Technology Fast 500™

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

Park City Group to Present at the Southwest IDEAS Investor Conference in Dallas November 21, 2013

Salt Lake City, Utah – November 8, 2013 — Park City Group (NASDAQ: PCYG), a cloud-based software company that uses big data management to help retailers and their suppliers sell more, stock less and see everything, today announced that Randy Fields, Chairman and CEO, will present at the Southwest IDEAS Investor Conference on Thursday, November 21, 2013. The conference is being held at the Sheraton Dallas Hotel by the Galleria in Dallas, Texas. Park City Group’s presentation is scheduled to begin at 10:00 a.m. CST (11:00 a.m. EST). A live and archived webcast of the presentation may be accessed at the conference website, www.SWIDEAS.com, or in the investor relations section.

The mission of the IDEAS Conferences is to provide independent regional venues for quality companies to present their investment merits to an influential audience of investment professionals. Unlike traditional bank-sponsored events, IDEAS Investor Conferences are “Sponsored BY the Buyside FOR the Buyside” and for the benefit of regional investment communities. Conference sponsors collectively have more than $120 Billion in assets under management and include: Barrow Hanley Mewhinney & Strauss, Keeley Asset Management, Hodges Capital Management, Luther King Capital Management, Allianz Global Investors: NFJ Investment Group, RENN Capital, Great Lakes Advisors, Ironwood Investment Management, GRT Capital Partners, Marble Harbor Investment Counsel, Granahan Investment Management, Eagle Boston Investment Management, First Wilshire Securities, William Harris Investors, Greenbrier Partners Capital Management, LLC, and Perritt Capital Management. The IDEAS Investor Conferences are held annually in Boston, Chicago and Dallas and are produced by Three Part Advisors, LLC. Additional information about the events can be located at www.IDEASconferences.com.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

Park City Group Welcomes Retail Industry Veteran Gary Rocheleau to Leadership Team

Salt Lake City, Utah. – Park City Group (NYSE MKT: PCYG), a leader in consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, today announced Gary Rocheleau has joined the company as a Senior Advisor. A retail industry veteran with more than 40 years of experience, Rocheleau has responsibility for developing business solutions, consulting and expanding efforts in the retail channel.

“Gary is a highly accomplished senior leader with expertise in marketing execution, merchandising, management and sales for retail grocery. He brings invaluable experience especially in the retail grocery channel where the out-of-stock challenges are increasing,” said Randall K. Fields, Chairman and CEO of Park City Group.

Recently, Gary served as Vice President of Retail Marketing Execution for Vons/Pavilions, a Safeway Company. His key responsibility was to interface with the centralized marketing group of Safeway Corporate. He previously served as acting Senior Vice President of Corporate Pharmacy, was Vice President of Sales for California, Hawaii and Nevada, as well as President of Grocery Works, Safeway’s home shopping and delivery company, along with other roles.

“Retailers today have a challenge to continue to appeal to the consumer by making sure they have what the consumer comes to buy,” said Rocheleau. “With the visibility Park City Group provides to the shelf, retailers can engage their internal teams to create a process that works for them, resolves out-of-stock problems and increases profitability. I’m very excited to be working with them to provide this opportunity to retailers.”

Gary began his career with Lucky Stores, Inc., where he spent nearly 23 years and his last position was Vice President of Grocery. He began his tenure at Lucky in 1968 and steadily worked his way up through several positions including Assistant Store Manager, Store Manager, Grocery Supervisor, District Supervisor, Senior Grocery Buyer, Head Grocery Buyer and Sales Promotion Manager.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

Park City Group to Move Trading to NASDAQ Capital Market

SALT LAKE CITY, Utah. – October 15, 2013– Park City Group (NYSE MKT: PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that the Company will move trading in its shares from the NYSE MKT, formerly the American Stock Exchange, to the NASDAQ Capital Market. The company expects trading on the NASDAQ to begin on October 28, 2013.

“We are excited about the move to NASDAQ and look forward to leveraging their technologically advanced trading platform to reach investors around the world,” said Randall K. Fields, Chairman and Chief Executive Officer. “We believe that with the progress the company has made and the significant opportunities that lay ahead, the NASDAQ is an ideal fit for Park City Group and will provide investors with fast, high quality trades in a cost effective structure for the company. We also look forward to joining many other leading technology companies already listed on the NASDAQ.”

The company will retain its current ticker symbol, PCYG, when trading begins on the NASDAQ.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

Park City Group, Inc. Schedules Fiscal Fourth Quarter and Year-End 2013 Earnings Conference Call and Webcast

SALT LAKE CITY, Sept. 4, 2013 (GLOBE NEWSWIRE) — Park City Group (NYSE MKT:PCYG), a Software-as-a-Service provider of unique supply chain solutions for retailers and their suppliers, today announced that the Company plans to release results for its fiscal fourth quarter and year-end 2013 after the Market closes on Monday, September 23, 2013. Randall K. Fields, Chairman and CEO, will host a conference call at 4:15 P.M. Eastern that day to discuss the Company’s results. Investors and interested parties may participate in the call by dialing (877) 675-3568 and referring to Conference ID:29185118. The conference call is also being webcast and is available via the investor relations section.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.

Park City Group Announces Latest Updates to Supply/Demand Chain Planning Solutions

Park City Group (NYSE MKT:PCYG), a leader in consumer goods supply chain technology designed to increase sales and reduce out-of-stocks, today announced enhancements to its proprietary supply chain planning solutions platform that completes the transition to a cloud-based solution.

“Our customers depend on us to help them stay in front of the changes in the industry. We support their Visibility, Scan-based trading and Ordering programs providing both business expertise and top shelf technology,” said Randall K. Fields, Chairman and CEO of Park City Group. “We are especially pleased that the latest release of our supply chain platform makes it possible for suppliers and retailers to do a better job of ordering and replenishment without a capital hardware purchase and a lengthy application installation.”

As a cloud-based solution, all subscribed customers automatically receive enhancements and updates, and are educated on how the enhancement can positively impact their business process. Park City Group regularly enhances their technology solutions that support business processes such as visibility, ordering, and scan-based trading for both retailers and suppliers.

About Park City Group

Park City Group (NYSE MKT: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers. Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.


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