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Brand new here.Spend my time and money on my Schwab platform but many years ago I used Raging Bull and it's boards. I bought a modest 300 shares and added 60 for my daughter at $5.62 and $5.71 respectively. I pride myself in DD work and my portfolio is comprised of over 40 companies ranging from $2 BioScience plays to large caps. I love this simple company and it's mass-market products---But more than anything I love their filings and long term growth. I'll put my reputation on the line with PCYG, at least through the upcoming business year. Short of a mass filing of Form 4s or a diluilltive Form 6 or DEF14 I'm confident the stock price will see $9 plus, at a minimum, within 3 months. I have no intention of taking any money out but rather adding as I can up to $7.33---Just my opinion and added best wishes to all long term holders.
Park City Group is a SaaS (Software-as-a-Service) company that develops, markets, and supports its proprietary software products. Their software provides advanced commerce and supply chain solutions that enables the retailer and supplier to manage inventory, product mix, and labor. The company also offers its software ReposiTrak, a cloud based compliance solution that helps food, pharmaceutical, and dietary supplement retailers and suppliers to protect their brands and remain in compliance with regulations.
I believe there's a huge runway for growth with both industry and regulatory tailwinds backing it up.
Dig in, be critical, let me know what y'all think.
https://themarketplunger.wordpress.com/2018/07/19/park-city-group-a-little-known-supply-chain-company-with-tailwinds/
Park City Group is a SaaS (Software-as-a-Service) company that develops, markets, and supports its proprietary software products. Their software provides advanced commerce and supply chain solutions that enables the retailer and supplier to manage inventory, product mix, and labor. The company also offers its software ReposiTrak, a cloud based compliance solution that helps food, pharmaceutical, and dietary supplement retailers and suppliers to protect their brands and remain in compliance with regulations.
I believe there's a huge runway for growth with both industry and regulatory tailwinds backing it up.
Dig in, be critical, let me know what y'all think.
https://themarketplunger.wordpress.com/2018/07/19/park-city-group-a-little-known-supply-chain-company-with-tailwinds/
Wow
What an earnings report. Subscribers up to 20k (up from 10k six months ago). 4 out of 5 benchmarks for the year achieved in just 6 months. At some point, Randy Fields will run this stock up. But quarter over quarter earnings growth of over 100%! And that is in the typically worst quarter of the year (who rolls out new software in the holiday season?). Just saying.
1500 new subscribers, additional 500k in revenue, reduction in expenses, profitability, can't ask for a better earnings report!
Well, it looks like PCYG is finally going to take off. I have been following the stock since it was IQIQ. The problem has always been sales and marketing. So today's announcement that Leavitt insurance agency will rep PCYG to customers to lower their liability insurance premiums is huge. PCYG just added a free sales force and also added more customers. Of course, they gave Mike Leavitt $1m worth of shares so he benefits also.
There are huge things coming down the pike this year. All of them will happen by June (as management claims) although we won't see all of it announced until the June earnings are announced in Sept. 2016. But this was the first announcement. Next up will be the "app" that will leverage Repositrak customers into the core businesses. After that will be adding 4500 more customers (probably not many came in 4th qtr. 2015 as retailers don't like to deploy technologies during the holidays). But it will happen. Then it will culminate in Sept. earnings when they close the books on this fiscal year and are GAAP profitable. Big things.
Seeking Alpha Article:
http://seekingalpha.com/article/1872251-park-city-group-taking-a-closer-look-at-repositrak?source=email_rt_article_readmore
Catalysts for the company include:
New regulation, such as the FDA's Food Safety Modernization Act, will help drive growth in ReposiTrak in the future. Any increased regulation will help the business.
More announcements from food associations designating ReposiTrak as the industry standard will help drive the business.
A crackdown on food safety standard in China (I am focusing on the supply chain for US foods that is based in China)
Increased competition in the grocery space.
Larger contracts from the big suppliers bring in higher dollar contracts
Conclusion
Overall, I believe that PCYG has a bright future ahead. The company has been able to show that its technology provides a strong value proposition, is being recognized as the industry standard, and the company is being run by a strong management team that has significant skin in the name. I would encourage investors to review this company for a possible investment in their portfolios.
Progress with large retailers. -- The implementation of Park City Group's first drug store chain is progressing and contributed to revenue growth during the third quarter. The Company is currently in discussions to provide services to several other large retail chains.
Expanding opportunity with large retailer - The previously announced program to provide services to one of the largest retailers in the world is progressing. Park City Group and the retailer are exploring additional opportunities.
Profit taking has started .. Will drop to 20 day ma IMO
Strategic and Financial highlights included:
Record quarterly and year-to-date revenue -- Total revenue growth accelerated to 21% for the third quarter, and 10% for the nine month period. "We continued to deliver record results during the quarter and our growth rate is accelerating. Subscription revenue growth is beginning to see the effect of some of our larger customers, as they move through the phases of implementation. The scale of these retailers, all of which are among the largest in the world, is an order of magnitude greater than most of our existing customers," said Randall K. Fields, Park City Group's Chairman and CEO.
Record quarterly and year-to-date profitability -- Net income was a record for both the third quarter and the nine month periods ended March 31, 2013. During the third quarter, EBITDA nearly tripled to $799,000 from $271,000 during the same period last year. "Profitability accelerated at a faster pace than revenue growth, as each dollar of incremental sales produced substantially greater than our targeted 75%+ incremental profit contribution," said Mr. Fields.
Progress with large retailers. -- The implementation of Park City Group's first drug store chain is progressing and contributed to revenue growth during the third quarter. The Company is currently in discussions to provide services to several other large retail chains.
Expanding opportunity with large retailer - The previously announced program to provide services to one of the largest retailers in the world is progressing. Park City Group and the retailer are exploring additional opportunities.
Established new industry solutions team -- The Company established a "Customer First" Industry Solutions team to work collaboratively with retailers and their suppliers to drive measureable improvements in sales and inventory management objectives.
Redeemed Series A Preferred Stock -- The Company recently completed the redemption of its Series A preferred stock, reducing preferred dividend payments by approximately $650,000 annually, or $0.04 per share.
Simplified and strengthened capital structure -- Total cash at the end of March 31, 2013 increased 597% to $4.4 million, as compared to $631,000 at March 31, 2012, and debt levels decreased by 20% to $2.3 million, versus $2.8 million at the same time last year. As of March 31, the current ratio improved by 375% to 1.5 and stockholders' equity increased to $10.3 million versus $5.3 million at March 31, 2012.
ReposiTrak(TM) gaining significant industry momentum -- The Company's food and drug safety collaboration with Leavitt Partners is receiving increased attention from large food wholesalers, retailers, and manufacturers. "Our food and drug safety initiative, ReposiTrak, has enormous economic consequences for Park City Group. ReposiTrak continues to gain traction and is well positioned to become the industry standard platform for tracking and tracing food and drugs throughout the supply chain. In addition to the direct benefits from subscription revenue and ultimate equity ownership, we expect ReposiTrak to provide access to a global base of food and drug retailers and suppliers. This greatly expands the size of our "hub and spoke" network and provides the opportunity to expose new connections to our other services," said Mr. Fields.
During the third fiscal quarter, subscription revenue increased 19% year over year to a record $2.0 million, reflecting growth in sales to new and existing customers. Combined with growth in other revenue, total revenue increased 21% to a record $3.0 million.
Total operating expenses during the quarter ended March 31, 2013 were $2.8 million, a decrease of 67,000 from the same quarter a year ago, and an increase of $117,000 sequentially from the second fiscal quarter. Net income for the third fiscal quarter ended March 31, 2013 was $209,000, or $0.02 per share, as compared to a net loss of ($353,000), or ($0.03) per share, during the prior year period. Net loss applicable to common shareholders for the third fiscal quarter was ($79,000), or ($0.01) per share, as compared to ($561,000), or ($0.05) per share during the prior year period. Non-GAAP earnings per common shareholder for the third quarter was $0.02, versus a loss per share of ($0.02) during the same period last year.
Cash
Total cash at the end of March 31, 2013 was $4.4 million as compared to $631,000 at March 31, 2012 and debt levels decreased by 20% to $2.3 million, versus $2.8 million at the same time last year. "We took actions to simplify and strengthen our balance sheet this past quarter, and as a result, we moved from a net debt position to a net cash position of $2.2 million. By redeeming our Series A preferred, we also reduced our preferred dividend payments by $650,000, or $0.04 per share, annually. That dividend has been a primary determinant of our historical GAAP loss, and will result in substantially improved GAAP performance," said Mr. Fields.
"We are gaining critical mass in the grocery store vertical by putting "customers first" and helping them to achieve our brand promise to sell more, stock less and see everything. This value proposition is clearly resonating with existing, as well as a rapidly growing list of new, large retailer and supplier customers. We are also leveraging our success with grocers, to enter into an additional retail vertical. As a result of this progress, our top and bottom lines are achieving record levels and our growth rate is accelerating. With the strong value proposition of our solutions combined with the recurring nature of subscription revenue, our business should deliver predictable and sustainable growth in revenue and earnings for the next several years," Mr. Fields concluded.
The Company will host a conference call at 4:15 P.M. Eastern today, May 9, 2013, to discuss the results. Investors and interested parties may participate in the call by dialing (877) 675-3568 and referring to Conference ID: 59525804. The conference call is also being webcast and is available via the investor relations section of the Company's website, www.parkcitygroup.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 services increase 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 Optimization(TM), 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.
In 2012 Park City Group worked with Leavitt Partners, an internationally-known health care and food safety consulting firm to create ReposiTrak, Inc., which provides food retailers and suppliers with a robust solution that helps them protect their brands and remain in compliance with rapidly evolving regulations in the recently passed Food Safety Modernization Act. Powered by Park City Group, this solution, also called ReposiTrak(TM), is an internet-based technology, which enables all participants in the farm-to-table supply chain to easily manage tracking and traceability requirements as products move between trading partners.
Awesome Quarter!
Looks like things might finally be coming together for Mr Fields! I have long thought that this company had great potential; looks like it is finally coming to fruition. Congratulations and many thanks to Mr. Fields and company!
~ $PCYG ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $PCYG ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=PCYG&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=PCYG&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/PCYG?
~ OTC Markets: http://www.otcmarkets.com/stock/PCYG/company-info
~ Google Finance: http://www.google.com/finance?q=PCYG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=PCYG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=PCYG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=PCYG
Finviz: http://finviz.com/quote.ashx?t=PCYG
~ BusyStock: http://busystock.com/i.php?s=PCYG&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=PCYG&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=PCYG
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=PCYG
~ Investorshub PostStream Search: http://investorshub.advfn.com/boards/poststream.aspx?ticker=PCYG
~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=PCYG
~ Investorshub Message Search: http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=PCYG
~ MarketWatch: http://www.marketwatch.com/investing/stock/PCYG/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=PCYG
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PCYG
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PCYG&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PCYG&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=PCYG&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
Phantom Fireworks Expand Scan Based Trading Program to Include Additional Retail Partners
Scan Based Trading, Visibility & Analytics Solutions to Increase Visibility and Sales, Reduce Shrink
Jun 3, 2009 8:27:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesPARK CITY, Utah--(BUSINESS WIRE)-- Today Park City Group (OTCBB: PCYG), announced that B.J. Alan, d.b.a. Phantom Fireworks, one of the nation's largest importers, retailers and wholesalers of consumer fireworks, has expanded their Scan Based Trading (SBT) program to include three new retail partners, a national mass merchandising chain, convenience store chain and Northeast grocery chain. Phantom Fireworks is a long time customer of Park City Group, utilizing both Scan Based Trading and Visibility & Analytics solutions to gain visibility into product shrink, inventory and sales. Park City Group, which provides innovative solutions and services to retailers and suppliers, recently acquired Prescient Applied Intelligence.
SBT is a process which enables suppliers to maintain ownership of their inventory until that inventory is scanned at point of sale. Park City Group's SBT has allowed Phantom Fireworks to expand retail partnerships and win new business while improving overall business results (sales and profitability) through improved visibility to, and management of, inventory including shipping costs.
Improved Visibility, Accurate Ordering
Fireworks require special shipping arrangements, which is a very costly part of a fireworks program. And with Phantom Fireworks being responsible for the return shipping costs of unsold fireworks, accurate ordering is a necessity. Before SBT, Phantom Fireworks used to calculate orders based on previous year gross sales, but with SBT they can calculate orders using previous year sales on a store-by-store and item-by-item basis. This has allowed for more tailored ordering, optimizing inventory and greatly reducing shipping costs.
"We have seen the many benefits SBT provided with our current retail partners, and expanding the program was an easy decision with these additional retail partners," stated Mike Koocher, Phantom Fireworks Director of IT. "Phantom Fireworks believes investments in technology and new creative business solutions are core to moving our business forward, and have always felt investing in Park City Group is a sound investment in growing our business."
Controlling Shrink
Phantom Fireworks has also been utilizing Park City Group Visibility & Analytics (V&A), a web based business intelligence tool, to help gain visibility to and improve their shrink with each of their retail partners. It has provided Phantom Fireworks a greater visibility into detailed shrink information at item and store level, leading to a deeper understanding of their root causes of shrink which they can then share with their retail partners. They have used this insight to reduce shrink, increase collaboration with their retailer partners and alter ordering and replenishment at the store level.
"Park City Group does not just provide business software, we provide new business process that improves profits. The continuing success B.J. Alan has seen with SBT and V&A shows that when you invest in a Park City Group solution you are investing in business solutions, but you are also gaining a partner who is committed to the long-term success and profitability of your company," commented 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 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.
Park City Group recently acquired Prescient Applied Intelligence, click here to read more.
Source: Park City Group
----------------------------------------------
PR Contact:
Park City Group
Courtney Behrens
610-719-1600 x332
cbehrens@prescient.com
or
IR Contact:
Bibicoff & MacInnis
Inc.
Terri MacInnis
818-379-8500
terri@bibimac.com
Park City Group Reports Third Quarter Financial Results
Quarterly Results Exceed Guidance
May 26, 2009 8:31:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesPARK CITY, Utah--(BUSINESS WIRE)-- Park City Group, Inc. (OTCBB: PCYG), a developer of patented, innovative retail supply chain solutions and services, today announced its financial results for the three months ended March 31, 2009. The operating results include the combined results of both Park City Group and Prescient Applied Intelligence, Inc. as a result of the completion of the merger of Prescient and Park City Group on January 13, 2009.
Third Quarter Highlights:
-- Revenue increased 118% to $2.503 million, from $1.149 million in the
comparable quarter in 2008;
-- Adjusted earnings before interest, taxes, depreciation and amortization
increased 150% to $213,000 compared to $(422,000) in 2008;
-- Integration of Prescient and Park City Group is successfully completed;
and
-- Collaborative sales and marketing efforts are yielding positive and
tangible early results
The Company reported total revenue of $2,503,115 for the fiscal quarter ended March 31, 2009, compared with $1,149,521 for the fiscal quarter ended March 31, 2008. Total revenue in the comparable quarter in 2008 included a $700,000 license sale that did not occur in the quarter ended March 31, 2009. Operating expenses for the fiscal quarter ended March 31, 2009 were $4,081,883 compared with $1,743,424 for the quarter ended March 31, 2008. Operating expenses in the most recent quarter include a $1,457,383 non-cash charge related to impairment of capitalized software acquired in connection with acquisition of Prescient, as well as approximately $75,800 in non-recurring costs incurred in connection with the consummation of the merger. Operating expenses are anticipated to substantially decline as a percentage of revenue as a result of cost reduction measures initiated during the quarter.
Adjusted for the non-recurring costs and charges incurred in connection with consummation of merger, including the impairment charge to capitalized software, consolidated earnings before interest, taxes, depreciation and amortization ("EBITDA"), increased approximately 150% to $213,000 in the quarter ended March 31, 2009 compared with consolidated EBITDA of $(422,000) in 2008. Including the impairment charge to capitalized software, and interest, taxes, depreciation and amortization, net loss for the quarter ended March 31, 2009 was $2,035,944, or $(0.21) per common share, compared with a net loss of $289,610 in the quarter ended March 31, 2008, or $(0.03) per common share.
"The combined results from Park City and Prescient reported in the recently completed quarter are solid indicators that the anticipated benefits resulting from the consummation of the merger have been achieved. The financial results actually exceeded our guidance provided in our last quarterly conference call, and are a positive reflection of our ability to successfully integrate the operations," said Randall K. Fields, Park City Group's Chairman and CEO. "The early results from our collaborative sales and marketing efforts, together with the operational efficiencies gained during the quarter, position the combined company to further increase sales and realize our objective of achieving profitability."
EBITDA is calculated as net income before deducting interest, taxes, depreciation and amortization. Although EBITDA is not a measure of actual cash flow because it does not consider changes in assets and liabilities that may impact cash balances, the Company's management reviews these non-GAAP financial measures internally to evaluate the Company's performance and manage the operations. Additionally, the Company believes it is a useful metric to evaluate operating performance and has therefore included such measures in the reporting of operating results.
Conference Call
The Company will host a conference call Tuesday, May 26, 2009 at 4:30 P.M. EDT to discuss third quarter 2009 financial results.
Shareholders and other interested parties may participate in the conference call by dialing 877-407-9205 or (International) 201-689-8054 a few minutes before 4:30 P.M. EDT on the 26th. The call is being webcast by Vcall and can be accessed at www.InvestorCalendar.com.
The webcast will be available for replay through August 25th, 2009. A replay of the conference call will be accessible until June 25th, 2009 by dialing 877-660-6853 and entering the Account # 286 and the Conference ID # 323866.
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, go to www.parkcitygroup.com.
Park City Group recently acquired Prescient Applied Intelligence, click here to read more.
Forward-Looking Statement
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.
PARK CITY GROUP, INC.
Consolidated Condensed Statements of Operations (Unaudited)
For the Three and Nine Months Ended March 31, 2009 and 2008
Three Months Ended Nine Months Ended
March 31, 2009 March 31, 2009
Park City
Group, Inc. &
Subs
(Unaudited)
Revenues:
Subscriptions $ 1,372,127 $ 36,750 $ 1,509,397 $ 156,694
Maintenance 676,176 378,470 1,264,494 1,138,978
Professional 281,114 26,366 492,066 231,606
services
License fees 173,698 707,935 221,498 971,004
Total 2,503,115 1,149,521 3,487,455 2,498,282
revenues
Operating
expenses:
Cost of
services and 1,293,332 618,380 2,329,098 1,779,530
product
support
Sales and 445,677 467,284 978,681 1,469,130
marketing
General and 646,994 522,312 1,570,836 1,726,381
administrative
Impairment of
intangible 1,457,383 - 1,457,383 -
assets
Depreciation
and 238,497 135,448 511,738 369,991
amortization
Total
operating 4,081,883 1,743,424 6,847,736 5,345,032
expenses
Income (Loss)
from (1,578,768 ) (593,903 ) (3,360,281 ) (2,846,750 )
operations
Other income
(expense):
Income from
patent - 400,000 - 600,000
activities
Loss on equity
method - - (162,796 ) -
investment
Loss on
disposal of (295 ) 100 (295 )
assets
Interest
(expense) (257,068 ) 2,876 (337,001 ) 39,930
income
Loss before (1,835,836 ) (191,322 ) (3,859,978 ) (2,207,115 )
income taxes
(Provision)
benefit for - - - -
income taxes
Net (loss) $ (1,835,836 ) $ (191,322 ) $ (3,859,978 ) $ (2,207,115 )
income
Dividends on
preferred $ (200,108 ) $ (98,288 ) $ (528,182 ) $ (255,414 )
stock
Net loss
applicable to (2,035,944 ) $ (289,610 ) $ (4,388,160 ) $ (2,462,529 )
common
shareholders
Weighted
average 9,872,000 9,209,000 9,534,000 9,128,000
shares, basic
Basic (loss)
income per $ (0.21 ) $ (0.03 ) $ (0.46 ) $ (0.27 )
share
Three Months Ended Nine Months Ended
(In 000's) March 31, March 31,
Unaudited
Statement of FY 2009 FY 2008 FY 2009 FY 2008
Operations
Net loss
applicable to $ (2,036 ) $ (290 ) $ (4,388 ) $ (2,463 )
common
shareholders
Non-GAAP
Adjustments:
Impairment of
capitalized $ 1,457 $ - $ $ 1,457 $ -
software
Impairment of - - - -
goodwill
Depreciation
and 238 135 512 370
amortization
Bad debt - 18 81 75
expense
Stock issued
for services 20 18 76 75
and expenses
Income from
patent - (400 ) - (600 )
activities
Gain (loss) on
equity method - - 163 -
investment
Interest
income 257 (3 ) 337 (40 )
(expense)
Dividends on
preferred 200 98 528 255
stock
(b)
Acquisition 76 - 210 -
related costs
Adjusted
Non-GAAP $ 213 $ (422 ) $ (1,024 ) $ (2,327 )
EBITDA
Three Months Ended Nine Months Ended
(In 000's) March 31, March 31,
Unaudited
pro-forma
combined FY 2009 FY 2008 FY 2009 FY 2008
condensed
Statement of
Operations
Net loss
applicable to $ (2,036 ) $ (535 ) $ (6,916 ) $ (3,588 )
common
shareholders
Non-GAAP
Adjustments:
Impairment of
capitalized $ 1,457 $ - $ 1,457 $ -
software
Impairment of - - 2,370 -
goodwill
Depreciation
and 238 135 755 728
amortization
Bad debt - 18 102 90
expense
Stock issued
for services 20 18 71 142
and expenses
Income from
patent - (400 ) - 600
activities
Interest
income 257 (3 ) 415 (130 )
(expense)
Provision for - - 23 38
income taxes
Dividends on
preferred 200 98 1,537 1,961
stock
(b)
Acquisition 76 - 210 -
related costs
(a) Adjusted
Pro Forma $ 213 $ (668 ) $ 24 $ (160 )
EBITDA
(a) The unaudited pro-forma results of operations for the three and nine months ended
March 31, 2009 and 2008 include the operating results of Prescient, and assumes
Prescient had been acquired as of July 1, 2007.
(b) Acquisition related costs are certain costs that were incurred during the period
that were not capitalized. These costs include travel costs, rents incurred on vacant
corporate facilities, training and costs to rebrand the combined Company.
Source: Park City Group, Inc.
----------------------------------------------
PR Contact:
Park City Group
Courtney Behrens
610-719-1600 x332
cbehrens@prescient.com
or
IR Contact:
Bibicoff & MacInnis
Inc.
Terri MacInnis
818-379-8500
terri@bibimac.com
Park City Group, Inc. Schedules Third Quarter 2009 Financial Results Conference Call for May 26, 2009 at 4:30 P.M. EDT
May 19, 2009 8:22:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesPARK CITY, Utah--(BUSINESS WIRE)-- Park City Group (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, today announced that Randy K. Fields, CEO, will host a conference call Tuesday, May 26, 2009 at 4:30 P.M. EDT to discuss third quarter 2009 financial results.
Shareholders and other interested parties may participate in the conference call by dialing (877) 407-9205 or (International) (201) 689-8054 a few minutes before 4:30 P.M. EDT on the 26th.
The call is being webcast by Vcall and can be accessed at www.InvestorCalendar.com
The webcast will be available for replay through August 25th 2009. A replay of the conference call will be accessible until June 25th 2009 by dialing 877-660-6853 and entering the Account # 286 and the Conference ID # 323866.
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, go to www.parkcitygroup.com.
Park City Group recently acquired Prescient Applied Intelligence, click here to read more.
Source: Park City Group, Inc.
----------------------------------------------
PR Contact:
Park City Group
Courtney Behrens
610-719-1600 x332
cbehrens@prescient.com
or
IR Contact:
Bibicoff & MacInnis
Inc.
Terri MacInnis
818-379-8500
terri@bibimac.com
Park City Group's New Patent Deciphers 'Miscellaneous' Rings at Cash Register
Breakthrough Helps Retailers Accurately Measure and Forecast Demand for Perishable Items
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 7,292,991 B2, which is described as a system for “disambiguating point-of-sale data through item indexing.”
The patented software technology provides retailers with visibility into the exact assortment of items sold in general categories, such as bakery, deli or produce. For example, cookies are often rung up by cashiers as “general bakery” or “miscellaneous” items. Park City Group’s new technology automatically converts that general data into precise sales figure for each type of cookie.
“This technology can provide grocers and other retailers with an enormous competitive advantage,” said Randall K. Fields, Park City Group’s chairman and chief executive officer. “It can help retailers reduce spoilage, minimize out-of-stock situations, improve customer satisfaction, and increase profitability.”
He added, “Nobody sells ‘miscellaneous’ items. Stores sell specific types of vegetables, deli meats, doughnuts, cookies, flowers, and other perishable items. In order to procure or prepare the proper quantities of these items, retailers must have a reliable way of forecasting consumer demand. Thanks to our patented technology, retailers now have access to empirical data that can be used to forecast demand.”
Park City Group is incorporating the new technology into its popular Fresh Market Manager and Supply Chain Profit Link product suites that are used by many of the world’s most respected retailers and food suppliers. In addition, the company plans to explore licensing opportunities for the patented technology. Park City Group has an extensive library of intellectual property that it leverages to create new revenue streams.
About Park City Group
Park City Group, Inc. (OTCBB: PCYG) develops and markets patented computer software that helps its retail customers to increase their sales while reducing their inventory and labor costs -- the two largest, controllable expenses in the retail industry. The technology has its genesis in the operations of Mrs. Fields Cookies, co-founded by Randy Fields, chief executive officer of Park City Group. Industry-leading customers such as The Home Depot, Victoria’s Secret, The Limited, Anheuser Busch Entertainment and Tesco Lotus benefit from Park City Group software. To find out more about Park City Group, visit www.parkcitygroup.com.
Statements in this press release that relate to Park City Group’s future plans, objectives, expectations, performance, events and the like are forward-looking statements. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in economic conditions that may change demand for the Company’s products and services and other factors discussed in the “forward-looking information” section and the “risk factor” section of the management's discussion and analysis included in the Company’s report on Form 10-KSB/A for the year ended June 30, 2005 filed with the Securities and Exchange Commission. This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Park City Group uses paid services of investor relations organizations to promote the Company to the investment community. Investments in any company should be considered speculative and prior to acquisition, should be thoroughly researched. Park City Group does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
Media:
Split Rock Communications for Park City Group
Jeffrey Scott, 408-884-4017
jeff@splitrockpr.com
just noticed three additions to the customers listed on the PCYG website...
Wal-Mart, Minute Maid and Kellogs
oh the irony considering their product has helped smaller grocery stores to compete with the big boys. per their filings:
"The Supermarket industry is under increased competitive pressure from Value Retailers such as Wal-Mart, Costco, Target, and others. One of the strategies that traditional supermarkets are implementing is to increase the quantity and quality of their perishable offerings. Perishable departments, such as bakery, meat and seafood, dairy, and deli have historically been loosely managed but now have been forced to become a focus for profitability improvement. The Company's software and consulting are designed to address this specific business problem; increasing the profitability of perishable products."
Park City Group Hires Well Known Information Technology Veteran Roy Powell as Manager of Customer Implementations
PARK CITY, Utah, Aug 07, 2007 (BUSINESS WIRE) -- Park City Group, Inc. (PCYG), a leading provider of inventory and patented labor optimization software and business solutions for retailers, announced today that it has added Roy Powell as Manager of Customer Implementations. Mr. Powell's extensive background in the Supermarket Industry, and specifically in Perishable Inventory Management, will enable him to provide the necessary support to Park City Group's numerous Fresh Market Manager and Supply Chain Profit Link implementations.
Mr. Powell has a deep pedigree in the world of Retail Information Technology, having served most recently as Director of Information Services for Clemens Family Markets. Prior to his work with Clemens, Mr. Powell spent over 25 years at Fleming Companies in various data management and IT supervisory roles.
"Roy's extensive career knowledge of the vast requirements of both retailers and suppliers will bring resources to our existing and future customers that are rarely found in today's marketplace," said Randall K. Fields, Park City Group's Chief Executive Officer. "Recent interest in our product suites from grocery, convenience store, general merchandise retailers, and product manufacturers and distributors has been very high and we are staffing up to service our current clients while positioning ourselves to better manage the anticipated influx of new business."
In recent months, Park City Group has added employees in data analytics, account management, finance, and product development. The company currently employs over 40 resources in seven U.S. states and Bangalore, India.
Park City Group Signs Significant Contract with Source Interlink Companies for Data Management and Business Analytics
Leading Magazine, CD and DVD Distributor to Utilize Park City Group’s Visibility and Data Analytics Tools
Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions, today announced that Source Interlink Companies, Inc. (NASDAQ: SORC), a leading provider of merchandising and fulfillment services for home entertainment content products, has agreed to use Park City Group’s data management and business intelligence tools to help analyze retail front-end profitability, and manage inventory distribution, merchandising, and product placement.
“Optimizing inventory management is essential for maximizing front-end profitability and maintaining strong relationships both with our retail partners and our suppliers,” said James Gillis, Source Interlink President and CEO. “We believe that Park City Group’s trading solutions provide the visibility and analytics necessary to help us fine tune our supply chain and enable us to provide consumers with a compelling product selection across the 1,000 retail chains we support.”
Park City Group’s advanced analytics supplements the collaborative relationships that distributors and merchandisers such as Source Interlink Companies have with supermarkets and other retail outlets by providing customer-driven assortment plans, improving in-stock conditions, reducing waste, and optimizing promotion strategies. These capabilities help maximize the selection for consumers while driving improved sales and higher profits for retailers.
Speaking of the agreement, Randall K. Fields, Park City Group’s Chairman and Chief Executive, said, “Source Interlink is a leading distributor of magazines, CDs and DVDs. The decision by Source to utilize Park City Group’s analytics validates our service and technology offering to manufacturers and distributors as the premier resource for optimizing category management. Source Interlink is committed to selection, quality, and superior customer service and we are proud to be associated with them.”
last weeks 6-22 8k filing for the private placement lists the following 100 accredited investors:
6/20/2007
50,000
$500,000.00
Hillson Partners LP
/s/ Daniel H Abramowitz
Daniel H Abramowitz, President of GP
6/22/2007
40,000
$400,000.00
Meadowbrook Opportunity Fund LLC
/s/ Michael Ragins
Michael Ragin, Manager
6/11/2007
30,000
$300,000.00
London Family Trust
/s/ Robert S London
Robert S London
/s/ Heath H London
Heath H London
6/5/2007
25,000
$250,000.00
Robert W Allen & Susan M Allen JTWROS
/s/ Robert W Allen
Robert W Allen
/s/ Susan M Allen
Susan M Allen
6/20/2007
25,000
$250,000.00
Neal Goldman
/s/ Neal Goldman
Neal Goldman
6/8/2007
25,000
$250,000.00
E H Arnold
/s/ Edward H Arnold
Edward H Arnold
6/6/2007
25,000
$250,000.00
Michael N Taglich
/s/ Michael N Taglich
Michael N Taglich
6/7/2007
25,000
$250,000.00
Robert F Taglich
/s/ Robert F Taglich
Robert F Taglich
6/13/2007
20,000
$200,000.00
Shadow Capital LLC Attn B Kent Garlinghouse
/s/ B Kent Garlinghouse
B Kent Garlinghouse, Manager
6/1/2007
20,000
$200,000.00
John R Bertsch Trust Dtd 12/4/2004 John R Bertsch Trustee
/s/ John R Bertsch
John R Bertsch, Trustee
6/19/2007
15,000
$150,000.00
Sara Bower Penn TTEE Sara Bower Penn Living Trust Dtd 4/30/02
/s/ Sara J Penn
Sara J Penn, Trustee
6/4/2007
15,000
$150,000.00
Dennis Fortin
/s/ Dennis Fortin
Dennis Fortin
6/19/2007
12,500
$125,000.00
Susan Thorstenn & Magnus Thorstenn JTWROS
/s/ Magnus G Thorstenn
Magnus G Thorstenn
/s/ Susan E Thorstenn
Susan E Thorstenn
6/15/2007
10,500
$105,000.00
Paul Seid
/s/ Paul Seid
Paul Seid
6/21/2007
10,000
$100,000.00
John L Palazzola
/s/ John L Palazzola
John L Palazzola
6/21/2007
10,000
$100,000.00
Videotape Products, Inc
/s/ John L Palazzola
John L Palazzola, President
6/12/2007
10,000
$100,000.00
Clyde Berg
/s/ Clyde Berg
Clyde Berg
6/19/2007
10,000
$100,000.00
Lighthouse Capital LLC
/s/ Lloyd B Emberg
Lloyd B Emberg, Managing Member
6/20/2007
10,000
$100,000.00
Hillson Private Partners II, LLLP
/s/ Daniel H Abramowitz
Daniel H Abramowitz, President of GP
6/21/2007
7,500
$75,000.00
Sandra L Brecher
/s/ Sandra L Brecher
Sandra L Brecher
6/5/2007
6,500
$65,000.00
William C Steele TTEE William C Steele Living Trust UAD 5-11-98
/s/ William C Steele
William C Steele
6/18/2007
6,000
$60,000.00
Keith Becker
/s/ Keith Becker
Keith Becker
6/20/2007
6,000
$60,000.00
Glenn Schabel
/s/ Glenn Schabel
Glenn Schabel
6/7/2007
5,600
$56,000.00
Alvin R Bonnette Rev Trust U A Dtd 1/31/85 Alvin R Bonnette Trustee
/s/ Alvin R Bonnette
Alvin R Bonnette, Trustee
6/7/2007
5,000
$50,000.00
Thomas J Bean
/s/ Thomas J Bean
Thomas J Bean
6/7/2007
5,000
$50,000.00
Robert G Moussa
/s/ Robert G Moussa
Robert G Moussa
6/7/2007
5,000
$50,000.00
Biscayne National Corp
/s/ Milton J Wallace
Milton J Wallace, President
6/13/2007
5,000
$50,000.00
Albert Esposito & Margaret Esposito JTWROS
/s/ Albert J Esposito
Albert J Esposito
/s/ Margaret Esposito
Margaret Esposito
6/18/2007
5,000
$50,000.00
William P Kaiser
/s/ William P Kaiser
William P Kaiser
6/15/2007
5,000
$50,000.00
Peder G Larsen and Margaret S Larsen JTWROS
/s/ Margaret S Larsen
Margaret S Larsen
/s/ Peder G Larsen
Peder G Larsen
6/19/2007
5,000
$50,000.00
Mike Taglich POA Tag/Kent Partnership F/B/O Garlinghouse/M Taglich B Taglich
/s/ Michael Taglich
Michael Taglich
6/19/2007
4,200
$42,000.00
John P Junge & Sue H Junge TTEE FBO Junge Revocable Trust UAD 12-9-91
/s/ John P Junge
John P Junge, Trustee
6/10/2007
4,200
$42,000.00
RFS Trust U/A/D 12/30/96 Richard F Sherman TTEE
/s/ Richard F Sherman
Richard F Sherman
6/11/2007
4,000
$40,000.00
Richard A Kraemer Trust U A/D 12/12/96 Richard A Kraemer TTEE
/s/ Richard A Kraemer
Richard A Kraemer, Trustee
6/13/2007
4,000
$40,000.00
David L Allen
/s/ David L Allen
David L Allen
6/17/2007
4,000
$40,000.00
Robert W Allen Jr
/s/ Robert W Allen Jr
Robert W Allen Jr
6/5/2007
3,000
$30,000.00
Mark Ravich
/s/ Mark Ravich
Mark Ravich
6/11/2007
3,000
$30,000.00
Frank M Durrance
/s/ Frank M Durrance
Frank M Durrance
6/13/2007
3,000
$30,000.00
Kenneth Bodenstein TR Kenneth Bodenstein TTEE Dtd 7/30/84
/s/ Kenneth A Bodenstein
Kenneth A Bodenstein, Trustee
5/12/2007
3,000
$30,000.00
Brian F Leonard and Martha E Leonard JT TEN WROS
/s/ Brian F Leonard
Brian F Leonard
/s/ Martha E Leonard
Martha E Leonard
6/19/2007
3,000
$30,000.00
Mark C Ladendorf & Debra Ladendorf JTWROS
/s/ Mark C Ladendorf
Mark C Ladendorf
/s/ Debra L Ladendorf
Debra L Ladendorf
6/5/2007
3,000
$30,000.00
B Roy Smith & Joyce L Smith JTWROS
/s/ Roy Smith
Roy Smith
/s/ Joyce Smith
Joyce Smith
6/22/2007
2,800
$28,000.00
Arthur H Finnel
/s/ Arthur H Finnel
Arthur H Finnel
6/21/2007
2,800
$28,000.00
Harvey Bibicoff and Jacqueline Bibicoff Trustees of the Bibicoff Family Trust Dtd May 16, 2000
/s/ Harvey Bibicoff
Harvey Bibicoff, Trustee
6/1/2007
2,800
$28,000.00
Michael P Hagerty
/s/ Michael P Hagerty
Michael P Hagerty
6/5/2007
2,800
$28,000.00
Robert Whitfield Donegan
/s/ Robert W Donegan
Robert W Donegan
6/14/2007
2,800
$28,000.00
Stephen Friedland and Linda Friedland JTWROS
/s/ Stephen Friedland
Stephen Friedland
/s/ Linda Friedland
Linda Friedland
6/20/2007
2,800
$28,000.00
James B Deutsch & Deborah M Deutsch JTWROS
/s/ James B Deutsch
James B Deutsch
/s/ Deborah M Deutsch
Deborah M Deutsch
6/5/2007
2,800
$28,000.00
Donald McCulloch & Jacqueline McCulloch JTWROS
/s/ Donald McCulloch
Donald McCulloch
/s/ Jacqueline McCulloch
Jacqueline McCulloch
6/4/2007
2,500
$25,000.00
Raymond M Beebe & Joan D Beebe JTWROS
/s/ Raymond M Beebe
Raymond M Beebe
/s/ Joan P Beebe
Joan P Beebe
6/14/2007
2,500
$25,000.00
Albert C Esposito Brooke Crowley Esposito JT TEN
/s/ Albert C Esposito
Albert C Esposito
/s/ Brooke V Crowley
Brooke V Crowley
6/14/2007
2,500
$25,000.00
Dr Baldev S Brar & Dr Gurmukh K Brar JT TENWROS
/s/ Baldev S Brar
Baldev S Brar
/s/ Gurmukh K Brar
Gurmukh K Brar
6/21/2007
2,500
$25,000.00
Robert G Paul
/s/ Robert G Paul
Robert G Paul
6/4/2007
2,500
$25,000.00
Applebaun Family LTD Partners Irving Applebaum General Ptnr
/s/ Irvine Applebaum
Irvine Applebaum, General Partner
6/11/2007
2,100
$21,000.00
IRA FBO Russel J Bernier Pershing LLC as Custodian Rollover Account
/s/ Russell J Bernier
Russell J Bernier
6/5/2007
2,000
$20,000.00
Lawrence Kane
/s/ Larry Kane
Larry Kane
6/8/2007
2,000
$20,000.00
SEP FBO John Stevens Pershing LLC as Custodian
/s/ John Stevens
John Stevens
6/11/2007
2,000
$20,000.00
T Mark Sledge
/s/ T Mark Sledge
T Mark Sledge
6/12/2007
2,000
$20,000.00
William Kehl
/s/ William W Kehl
William W Kehl
6/5/2007
2,000
$20,000.00
Angus Bruce Lauralee Bruce
/s/ Angus Bruce
Angus Bruce
/s/ Lauralee Bruce
Lauralee Bruce
6/8/2007
1,500
$15,000.00
SEP FBO Ronald C Hintz Pershing LLC as Custodian
/s/ Ronald C Hintz
Ronald C Hintz
6/8/2007
1,500
$15,000.00
IRA FBO Arthur Resnikoff Pershing LLC as Custodian Rollover Account
/s/ Arthur Resnikoff
Arthur Resnikoff
6/5/2007
1,400
$14,000.00
Jeffrey L Sadar & Barbara A Sadar JTWROS
/s/ Jeffrey L Sadar
Barbara A Sadar
/s/ Barbara A Sadar
6/6/2007
1,400
$14,000.00
Terry E Hagen and Dawn R Hagen as JTWROS
/s/ Terry E Hagen
Terry E Hagen
/s/ Dawn R Hagen
Dawn R Hagen
6/5/2007
1,400
$14,000.00
Tad Wilson
/s/ Tad Wilson
Tad Wilson
6/14/2007
1,400
$14,000.00
Robert B Cashion
/s/ Robert B Cashion
Robert B Cashion
6/18/2007
1,400
$14,000.00
John W Crow
/s/ John W Crow
John W Crow
6/16/2007
1,400
$14,000.00
Wulf Paulick & Renate Paulick JTWROS
/s/ Wulf Paulick
Wulf Paulick
/s/ Renate Paulick
Renate Paulick
6/15/2007
1,400
$14,000.00
Steve Redmon & Brenda Redmon JT TEN WROS
/s/ Steve Redmon
Steve Redmon
/s/ Breda Redmon
Breda Redmon
6/19/2007
1,400
$14,000.00
Kenneth J Feroldi Nancy J Feroldi JTWROS
/s/ Nancy J Feroldi
Nancy J Feroldi
/s/ Kenneth J Feroldi
Kenneth J Feroldi
6/19/2007
1,400
$14,000.00
IRA FBO Angel Rosario Pershing LLC as Custodian Rollover Account
/s/ Angel Rosario
Angel Rosario
6/19/2007
1,400
$14,000.00
David J Larkworthy TOD Dtd 1/20/06
/s/ David Larkworthy
David Larkworthy
6/20/2007
1,400
$14,000.00
Samuel L Box & Lisa Marsh Box JT TEN WROS
/s/ Samuel L Box
Samuel L Box
/s/ Lisa M Box
Lisa M Box
6/18/2007
1,400
$14,000.00
Elliot D Cohen & Bonnie S Cohen JTWROS
/s/ Elliot D Cohen
Elliot D Cohen
/s/ Bonnie S Cohen
Bonnie S Cohen
6/19/2007
1,400
$14,000.00
Peter S Gold
/s/ Peter S Gold
Peter S Gold
6/21/2007
1,400
$14,000.00
Ronald Courey
/s/ Ronald Courey
Ronald Courey
6/5/2007
1,200
$12,000.00
Paul Berko
/s/ Paul Berko
Paul Berko
6/22/2007
1,000
$10,000.00
David G Linville
/s/ David G Linville
David G Linville
6/15/2007
1,000
$10,000.00
Joseph F Domenice
/s/ Joseph F Domenice
Joseph F Domenice
6/5/2007
1,000
$10,000.00
Darrell Frost
/s/ Darrell Frost
Darrell Frost
6/5/2007
1,000
$10,000.00
Charles M Thompson
/s/ Charles M Thompson
Charles M Thompson
6/7/2007
1,000
$10,000.00
Dr Richard V Nuttall & Annetta Mets Nuttall JTWROS
/s/ Richard V Nuttall
Richard V Nuttall
/s/ Annetta Mets Nuttall
Annetta Mets Nuttall
6/12/2007
1,000
$10,000.00
Barbara Susca
/s/ Barbara Susca
Barbara Susca
6/15/2007
1,000
$10,000.00
Walter E Beisler
/s/ Walter E Beisler
Walter E Beisler
6/15/2007
1,000
$10,000.00
Michael L Smith & Larry E Smith JT TEN WROS
/s/ Michael L Smith
Michael L Smith
/s/ Larry E Smith
Larry E Smith
6/12/2007
1,000
$10,000.00
Joseph Martha
/s/ Joseph A Martha
Joseph A Martha
6/8/2007
1,000
$10,000.00
Bart & Wendy Baker JTWROS
/s/ Bart Baker
Bart Baker
/s/ Wendy Baker
Wendy Baker
6/16/2007
1,000
$10,000.00
Mark Bourque
/s/ Mark S Bourque
Mark S Bourque
6/13/2007
1,000
$10,000.00
Tom C Mina
/s/ Thomas C Mina
Thomas C Mina
6/15/2007
1,000
$10,000.00
Ann B Oldfather
/s/ Ann B Oldfather
Ann B Oldfather
6/15/2007
1,000
$10,000.00
Ronald D Cowan
/s/ Ronald D Cowan
Ronald D Cowan
6/15/2007
1,000
$10,000.00
Powell Family Limited Partners C/O Ron Powell
/s/ Ron Powell
Ron Powell, General Partner
6/15/2007
1,000
$10,000.00
John J Resich Jr TTEE John J Resich Jr RET Trust
/s/ John J Resich
John J Resich
6/17/2007
1,000
$10,000.00
Mary M Schnurer
/s/ Mary M Schnurer
Mary M Schnurer
6/19/2007
1,000
$10,000.00
Stephen C Radocchia
/s/ Stephen Radocchia
Stephen Radocchia
6/19/2007
1,000
$10,000.00
John Faure
/s/ John P Faure
John P Faure
6/19/2007
1,000
$10,000.00
Thomas R Jennett & Jodi K Jennett JT TEN WROS
/s/ Thomas R Jennett
Thomas R Jennett
/s/ Jodi K Jennett
Jodi K Jennett
6/21/2007
1,000
$10,000.00
Mavin J Loutsenhizer
/s/ Marvin J Loutsenhizer
Mavin J Loutsenhizer
6/4/2007
1,000
$10,000.00
Valdemar Skov
/s/ Valdemar A Skov
Valdemar A Skov
6/1/2007
1,000
$10,000.00
Peter Carroll & Maureen Carroll JT/WROS
Park City Group Completes $5.8 Million Private Placement
Company Enhances Working Capital Position as Demand for its Products and Services Grows
Park City Group, Inc. (OTCBB: PCYG) today announced it raised $5.8 million through a private placement of 584,000 shares of convertible Series A Preferred Shares with accredited investors. Each share is convertible into common shares at a conversion price of $3.00 per share. The net proceeds from the private placement will be used for information systems expansion, the purchase of redundancy infrastructure and storage, deployment of hardware to improve processing speed, and provide working capital for general purposes. Improvements will be made to address the growing demand for its Supply Chain Profit Link, Fresh Market Manager and Action Manager products and services. Taglich Brothers acted as the Company’s placement agent in connection with this private offering.
Randall Fields, Park City Group Chairman and CEO said, “The additional capital position will provide us with the financial flexibility to scale our technological requirements sooner than what we originally envisioned without straining our immediate resources. This supplemental liquidity will allow us to balance our accelerated growth track while optimizing the technological resource requirements to achieve our capital and operating objectives.”
The shares of common stock have not been registered under the Securities Act of 1933 and may not be subsequently offered or sold by the investors in the United States absent registration or an applicable exemption from the registration requirements. Park City Group has agreed to file a registration statement covering the underlying common stock associated with the conversion rights of the preferred stock and warrants by investors.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Park City Group Selects Representative for Growing Japanese Retail Market
Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions, today announced that it has entered into an agreement with Nikkohren, Inc. to introduce PCG’s Fresh Market Manager, Supply Chain Profit Link, and ActionManager™ product suites to the Japanese convenience store and grocery market. Nikkohren, Inc. is a retail field marketing agent for over 250 brands in Japan who has established successful relationships through their many contacts in the supermarket and convenience store industries for several U.S. based companies.
Nikkohren, Inc. has over 50 years experience as a specialist in retail marketing and has six offices located throughout Japan. More than 40,000 convenience stores and more than 18,000 food specialty superstores can be found across Japan.
Park City Group products and services have already been adopted by several multi-national companies. The strategic relationship with Nikkohren enables Park City Group to continue expanding its worldwide distribution with its first foray into Japan. Through the arrangement, Park City Group will provide software and consulting services to new and existing Nikkohren clients that will help them manage inventory and control labor for increased profitability.
Thanks to its Language QuickSwitch, Park City Group products can be used anywhere in the world. The patented QuickSwitch feature allows users to change the language of any written program with a single mouse click without having to log on or off.
Speaking of the agreement, Randall K. Fields, Park City Group’s Chairman and Chief Executive, said, “We are very pleased to be working with Nikkohren and their C.E.O. Mr. Ken Homma as our Japanese agents. Their fine reputation and vast experience in the supermarket and convenience store markets in Japan will help expand our global marketing objectives. Park City Group will provide our new Japanese clients with inventory and labor management systems that are more robust than any they might have seen in their market. With Nikkohren’s help, we find ourselves well positioned to meet the requirements of the dynamic market and increasingly competitive environment in Japan.”
Park City Group Integrates Fresh Market Manager and ActionManager(TM) Products for International Retailer
Leading Multinational Supermarket Retailer to Utilize Park City Group’s FMM and AM Products to Optimize Operations and Freshness for Consumers
Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions, today announced that a leading international retailer has begun integrating its Fresh Market Manager and ActionManager products to optimize assortment plans, labor and task schedules, manage shrink and stock-outs, and improve quality and freshness for consumers. While numerous convenience stores have integrated Park City Group’s primary products to improve their operations, this is the first time that a supermarket retailer has done so.
The integration of these two suites allows retailers to plan production and have the correct labor plan to insure product freshness thereby maximizing sales and profits from their perishable departments. This system provides a coordinated planning of resources to deliver consumers the right product, at the right price, at the right time. The combined effort marks the completion of the first truly end-to-end Fresh Item Management system in existence delivering capabilities for category management, production planning, forecasting, promotion and pricing optimization, perpetual inventory management, computer aided ordering, work flow and labor scheduling, paperless documentation and more.
Fresh Market Manager is a fully integrated management solution for bakery, deli, food service, meat, seafood, frozen, floral and produce departments. The product helps grocers to achieve improved economic performance by managing shrink (or waste) and stock-outs. FMM also involves suppliers through Supply Chain Profit Link to deliver sales data to both sides facilitating fact-based and profit-focused category review meetings.
Together with its ActionManager solutions, Park City Group delivers one of the most robust integrated business solutions available in the industry. The systems address operations management tasks including: item level category management, inventory and production planning, work flow, scheduling, forecasting, supply and ingredient ordering, producing sales reports/projections, administering skill tests, interviewing assistance, and assessing employee knowledge.
Speaking of the agreement, Randall K. Fields, Park City Group’s Chairman and Chief Executive, said, “Inventory and labor management are the two key controllables for optimizing profit in large, sophisticated supermarket operations. This particular customer has already seen phenomenal results from our Fresh Market Manager product. The integration of both of our primary product suites will yield results far beyond what we have already witnessed when either FMM or ActionManager are installed individually.”
Park City Group's Supply Chain Profit Link Continues Rapid Growth
Adds Three Top Tier Supermarket Retailers and Five Category Engagements
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 retailer’s 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.”
Fields continued, “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.”
May 17, 2007
"Park City Group Hires Industry Veteran Linda Heft as Manager of Business Solutions
Increasing Demand for SCPL Business-Intelligence Solution Requires Additional Resources to Scale Multiple Implementations
Park City Group, Inc. (OTCBB: PCYG), a leading provider of inventory and labor optimization solutions for retailers, today announced that Ms. Linda Heft, a highly experienced senior retail industry executive, has joined the company to manage business processes for its Supply Chain Profit Link (SCPL) category management application.
Supply Chain Profit Link has grown from a customer base of two retailers and three categories in January 2007 to seven retailers and twenty-one categories today. This faster than expected acceleration in growth necessitates Park City Group to create a position where the primary role is to scale the significant increase in demand. Ms. Heft will also oversee internal demand requirements to continually enhance the efficiency and quality of data processes and analytics for Park City Group’s Business Metrics Group, the consulting arm of the Supply Chain Profit Link offering.
Ms. Heft most recently served as Director of Retail Operations for Valassis Communications/ NCH Marketing, Inc. overseeing implementation and training for the company’s eSettlement trade promotion solutions. Prior experience includes several positions within the Kroger/Fred Meyer, Inc. organization supervising IT projects and merchandising functions.
“Because of the enormous growth and accelerating demand that we are experiencing in Supply Chain Profit Link, there was a need to focus on scaling the business as quickly as possible while remaining consistent with the quality of services and actionable insights our customers have come to expect from Park City Group. Linda’s vast experience and reputation for quality supervision of complex implementations precedes her. Her addition to our team certainly makes her an excellent staffing decision that will reflect well on both Park City Group and our customers,” said Randall K. Fields, Park City Group’s Chief Executive Officer. “The addition of Linda Heft will insure that our impeccable reputation for superior products and customer results continues.”
A graduate of Portland State University with a degree in Project Management, Ms. Heft will office in Portland, Oregon and Park City, Utah.
In the past six months, Park City Group has added employees in data analytics, account management, finance, and product development. The company currently employs over 40 resources in seven U.S. states and Bangalore, India."
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