PKCY - 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.”
About Park City Group
Park City Group, Inc. (OTCBB: PCYG) develops and markets patented computer software that helps its 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 applications. 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, 2006 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.
