Adds Three Top Tier Supermarket Retailers and Five Category Engagements
Park City, Utah – May 31, 2007 – Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions for retailers, today announced that its Supply Chain Profit Link (SCPL) data management and business intelligence tool has added a tenth supermarket retail customer and is on track to exceed its earlier growth outlook. During the month of May 2007, the Company added three prominent supermarket retailers to its increasing list of Supply Chain Profit Link Customers to bring the total number of retailers on the program to ten. Two of the three retailers added in May are divisions of one of the Top 5 supermarket retailers worldwide and the third is one of the leading retailers in Canada. Additionally, Park City Group added five more supermarket categories to the program bringing the current number to twenty-six. This rapid acceptance and expansion of the program exceeds earlier outlooks by the Company.
Supply Chain Profit Link’s advanced analytics establish collaborative relationships between suppliers, distributors, supermarkets, and other retail outlets by establishing customer-driven assortment plans, improving in-stock conditions, reducing shrink or waste, and optimizing pricing strategies and promotions for both retailers and suppliers. These capabilities help maximize the selection for consumers while driving improved sales and higher profits for retailers.
Speaking of the program’s rapid acceptance and expansion, Randall K. Fields, Park City Group’s Chairman and Chief Executive, said,
“We are extremely pleased with the reaction, reception and embrace that we have received from many of the world’s top retailers and are achieving results for our customers in making profit improvements in categories that certainly exceed what we had originally envisioned.”
“The supermarket industry is experiencing tremendous challenges in controlling costs and in achieving and maintaining true profitability. We believe that we have the tools, the programs and the right people in place to help them overcome their adversities. Through technological advancement, our data mining processes have been automated and accelerated to the point where scalability is less of a concern that it once was. This should allow us to continue growth of this program at a rate beyond what was originally envisioned without jeopardizing the quality of both our product and service offerings to our most valuable asset, our customers.”