Dear Valued Shareholders,

We welcome you to our year-end update of Fiscal 2006! We would like to take this opportunity to do a look back at a very successful year and set the stage for our upcoming launch into fiscal 2007 - another year which we anticipate will be a breakthrough year for the Company.

Looking back, we’ve had a tremendous year highlighted by many laudable achievements that will be outlined later. Our hard work and dedication to our shareholders, coupled with our customers who have continued to achieve improved results through our products, have allowed us to achieve record breaking revenues and profits in 2006. We believe the most important factor to consider is that our products are rapidly gaining traction in the industry. There is a buzz in the retail industry about our Company, products, services and most importantly, the success our customers are experiencing. This is reflected in their willingness to spread the word about our products and services in industry meetings and publications. (more…)

PARK CITY, Utah–(BUSINESS WIRE)–In its continuing efforts to protect and preserve the value of its intellectual property, Park City Group (OTCBB:PCYG) announced today that it is aggressively defending its patented labor management method and process in a patent infringement litigation against Workbrain Corporation (TSX:WB). The Toronto-based Workbrain markets Total Workforce Management including a workforce scheduling component that Park City Group alleges infringes the company’s U.S. Patent No. 5,111,391.
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Financial Professionals Invited to Attend October 25 and 26, 2006 2-Day Conference at the Wynn Las Vegas

Park City Group, Inc. (PCYG.OB) today announced that management will present at the Value Rich Small Cap Financial Expo at the Wynn Las Vegas on October 25th and 26th. Members of Park City Group’s management team will be available in booth #416 for the duration of the conference, and will additionally conduct a 25-minute group presentation at 2:15 pm PT on Thursday October 26th, featuring a corporate overview and an update on the company’s strategic growth initiatives.

Management will be available for one-on-one meetings with financial professionals as well during the duration of the conference; those interested in scheduling such a meeting should contact John McNamara of Cameron Associates, at 212-554-5485 or email him at John@cameronassoc.com.

Vendor-managed inventory (VMI) is one of the most widely discussed partnering initiatives for improving supply chain efficiency in the retail grocery industry today. The practice was first tested by Wal-Mart and Procter & Gamble in the late 1980s. Over time, successful VMI initiatives have been implemented by Johnson & Johnson, Frito Lay, Campbell Soup, and Barilla, the pasta manufacturer and numerous other regional and national firms.
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