Archive for October, 2008

Southeastern Retailer Subscribes to Park City Group’s Supply Chain Profit Link After $5.2M Opportunity Gap Identified

Friday, October 31st, 2008

Subscription Follows Completion of SCPL Opportunity Identification Program

PARK CITY, Utah – October 31, 2008 – Park City Group, Inc. (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, today announced that a 225 store southeastern grocery chain has signed a subscription agreement for Supply Chain Profit Link (SCPL). The subscription for the first product category, ice cream, comes after the completion of a successful SCPL opportunity identification program in three categories, in which a $5.2M opportunity gap was recognized through out-of-stock identification and promotion optimization. The opportunity gap in ice cream represented over 50% total gap uncovered. The grocery chain plans to expand SCPL into the other categories in coming months.

The grocery chain will initially utilize SCPL as the foundation for collaboration across 20 brands with multiple suppliers. SCPL will allow the retailer to view category and item product movement at various aggregations including corporate, division, region, and department level, down to hourly increments.  This visibility allows for unprecedented tracking and continuous correction of store and shelf-level issues, eliminating out-of-stocks and reducing shrink. The retailer and its suppliers will be working together to focus on mutual opportunities and realize the sales and profit improvement identified in the significant opportunity gap.

 

SCPL is a service offering for both perishable and non-perishable product categories which analyzes retail data and provides specific action steps to improve sales and implement cost savings measures not previously recognized by retailers and suppliers. Results of these engagements with other retailers have historically uncovered tens of millions of dollars in lost opportunities, including improvements to assortment/store clustering, increased service level and improvement in distribution voids.

Randall K. Fields, Park City Group Chairman and CEO, commented, “Our opportunity identification program provides retailers just a taste of what SCPL can do. The millions of dollars in cost savings and/or lost sales we have uncovered to date will most definitely increase as we expand across additional suppliers and categories. We take pride in the level of cost savings and increased revenue we provide our customers.”

About Park City Group:

Park City Group, Inc. develops and markets patented computer software and consulting services that help retailers and their suppliers to increase sales while reducing inventory and labor costs — the two largest, controllable expenses. 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, please visit www.parkcitygroup.com.

 

Statements in this news release that relate to Park City Group’s future plans, objectives, expectations, performance, events and the like are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. 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-K for the year ended June 30, 2008 and in any risk factors or cautionary statements contained in the Company’s periodic reports on Form 10-Q or current reports on Form 8-K filed with the Securities and Exchange Commission. This presentation 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.

Park City Group Initiates Second Supply Chain Profit Link Opportunity Evaluation This Month

Thursday, October 23rd, 2008

Assessment to Uncover Improvements for In-Stock Positions and Assortment Planning  In Three Product Categories for 160+ Stores of Northeast-Based Grocery Retailer 

PARK CITY, Utah – October 23, 2008 – Park City Group, Inc. (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, announced today that a Northeast grocery chain, a division of a global food retailing leader, has initiated a Supply Chain Profit Link (SCPL) opportunity identification program throughout its 160+ store chain. This latest SCPL evaluation comes on the heels on last week’s announced opportunity identification by a prominent northwest grocery retailer in 120+ stores in two product categories.

 

The SCPL service offering for perishable and non-perishable categories analyzes retail data and provides specific action steps to improve sales opportunities and cost saving measures not previously recognized by retailers and suppliers. Across categories, SCPL allows retailers and suppliers to view category and item-level product movement from a high-level corporate, division, region, store, department level, down to hourly increments allowing for unprecedented tracking and correction of store- and shelf-level issues.

 

During the 2-3 month pilot opportunity identification period, Park City Group will analyze inventory and sales data provided by the retailer, in the rotisserie chicken, ground beef and milk categories, and perform a detailed analysis using patented technology that results in identification of quantifiable areas.  Results of these engagements with other retailers have historically uncovered tens of millions of dollars in lost opportunities, including improvements to assortment/store clustering, increased service level and improvement in distribution voids. Subsequent subscription to the ongoing SCPL service builds upon the opportunity identification program and its analytic foundation, providing recommended specific action and ongoing steps that enable the retailer and its suppliers to capture millions of dollars of missed sales and profits.

 

“The ability to respond and react quickly to the changing needs of retail customers is a competitive advantage all retailers are looking for. Supply Chain Profit Link is that competitive advantage. It gives retailers an hour-by-hour view of sales, allowing them to base assortment planning and store clustering on actual item performance, and ensures the right item is on the shelf for the customers,” commented Randall K. Fields, Park City Group Chairman and CEO.

 

 

About Park City Group:

Park City Group, Inc. develops and markets patented computer software and consulting services that help retailers and their suppliers to increase sales while reducing inventory and labor costs — the two largest, controllable expenses. 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, please visit www.parkcitygroup.com.

 

Statements in this news release that relate to Park City Group’s future plans, objectives, expectations, performance, events and the like are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. 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-K for the year ended June 30, 2008 and in any risk factors or cautionary statements contained in the Company’s periodic reports on Form 10-Q or current reports on Form 8-K filed with the Securities and Exchange Commission. This presentation 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.

Park City Group Announces Prominent Northwest Grocery Retailer Initiates Supply Chain Profit Link Evaluation To Identify Lost Opportunity In Sales, Stock Outs And Shelf Optimization

Monday, October 20th, 2008

120+ Store Supermarket Chain Assessment in Two Product Categories

PARK CITY, Utah - October 20, 2008 – Park City Group, Inc. (OTCBB: PCYG), a developer of patented retail supply chain solutions and services, announced today that a Northwest division of one the largest US grocery retailers has initiated a Supply Chain Profit Link (SCPL) opportunity identification program throughout its 120+ store chain. The SCPL service offering for perishable and non-perishable categories analyzes retail data and provides specific action steps to improve sales opportunities and cost saving measures not previously recognized by retailers and suppliers. Results of these engagements with other retailers have historically uncovered tens of millions of dollars in lost opportunities, including improvements to assortment/store clustering, increased service level and improvement in distribution voids.

During the 60-90 day pilot opportunity identification period, Park City Group will analyze inventory and sales data provided by the retailer, in the commercial bakery and poultry categories, and perform a detailed analysis using patented technology that results in identification of quantifiable improvement areas. Subscription to the ongoing SCPL service builds upon the opportunity identification program and its analytic foundation, providing recommended specific action steps that enable the retailer and its suppliers to capture millions of dollars of missed sales and profits. Across categories, SCPL allows retailers and suppliers to view corporate, division, region, store, department, category and item-level product movement down to hourly increments allowing for unprecedented tracking and correction of store- and shelf-level issues.

“Due to the current economic climate, there is a heightened interest level within the retail community for SCPL services. Now more than ever, there is a growing need to utilize technology throughout the supply chain to maximize shrinking margins,” commented Randall K. Fields, Park City Group Chairman and CEO. “The recently announced merger agreement between Park City Group and Prescient Applied Intelligence allows us to service a growing customer base, which presently includes seven of the top ten grocery retailers, through a deeper staff and highly scalable platform.

Transcript of Year End Results Conference Call

Tuesday, October 7th, 2008

Participants
Terri MacInnis, Director of Investor Relations
Randall K. Fields, Chairman and Chief Executive Officer
John R. Merrill, Chief Financial Officer
Jane Hoffer, Chief Operating Officer

Listen to the conference call

Presentation

Operator
Greetings, ladies and gentlemen and welcome to the Park City Group Year End Results Conference Call. At this time, all participants are on a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press *0 on your telephone keypad. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ms. Terri MacInnis, Director of Investor Relations. Thank you, Ms. MacInnis, you may begin.

Terri MacInnis – Park City Group, Inc. – Director of Investor Relations
Good afternoon, everyone. Thank you for joining us today for our discussion of Park City Group’s financial results for the fiscal year ended June 2008. I’m Terri MacInnis, Director of Investor Relations of Bibicoff & MacInnis. Joining me this afternoon from Park City Group is Randy Fields, Chairman and CEO; John Merrill, CFO; and Jane Hoffer, COO.

Before we begin, let me remind you that the information presented and discussed today includes forward-looking statements which are made under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties related to such statements are detailed in our SEC filings.

Today’s call is being recorded and archived. A replay of the call will be available on the investor relations section of the Park City Group website, www.parkcitygroup.com.

On today’s call, Randy Fields will provide some prepared remarks and will then turn the call over to John Merrill. Afterwards, we will open up the call for your questions, which you may direct to either Randy, John, or Jane.

Now, it is my pleasure to turn the call over to Randy Fields, Chief Executive Officer.

Randall K. Fields – Park City Group, Inc. – Chairman and Chief Executive Officer
I want to thank everybody for taking time out this afternoon. I know it’s an important day in the market and the world to listen to our year end conference call. Really the topics that we’ll cover today, I suspect, involved not just last year but equally importantly what’s going on in terms of our acquisition of Prescient so we’re fully prepared to talk about that as well. But to kick things off, let me turn it over to our CFO, John Merrill, who’ll give us an outline of what happened in the prior fiscal year. He’ll turn it back to me and I’ll sort of give you what I consider to be the managerial highlights.
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