After Reporting a 94% Revenue Increase and a Profitable Second Quarter, Park City Group Inc. Receives Positive Response to Earnings Conference Call.Business Editors PARK CITY, UTAH--(BUSINESS WIRE)--Feb. 24, 2004 Park City Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : PKCY) whose technology had its genesis in the operations of Mrs. Fields Mrs. Fields Cookies is a chain of bakeries, located mostly in the United States, founded by Debbi Fields (b. 1956, Park City, Utah). Mrs. Fields and her husband started their business in the late 1970s, opening the first of many retail bakeries in Palo Alto, California, selling Cookies, develops and markets patented computer software that helps its retail customers increase their sales while reducing their inventory and labor costs, announced that its first earnings conference call received positive response from the participants. "This is just one of many opportunities to execute our plan for improving communications," said Randy Fields, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of Park City Group, Inc. "We have an aggressive investor relations Investor relations The process by which the corporation communicates with its investors. plan in place to increase our visibility to our existing and potential shareholders. We have been pretty quiet in the past, working heads down heads down - [Sun] Concentrating, usually so heavily and for so long that everything outside the focus area is missed. See also hack mode and larval stage, although this mode is hardly confined to fledgling hackers. to deliver and enhance our software. This is the perfect time to make sure our investors know that we have judiciously spent our monies to improve shareholder value." The call focused mainly on the financial results from the second quarter of Fiscal Year 2004, but there was additional information regarding the anticipated benefits from the new strategic alliances and the recent product announcement of the Center Store Inventory Manager, that the company anticipates will be able to nearly double the potential revenues from each new and existing customer of the Fresh Market Manager product. Fields added, "Based on the questions that were asked, I think we can confidently say that many of our shareholders have a good understanding of our strategy and that the call provided us with a good method of not only reporting but explaining our actions and activities. We are looking forward to continuing with this type of dialog." About Park City Group Park City Group is a leading provider of profit enhancing software and services for the retail industry. The solutions were developed initially for the Mrs. Fields Cookies business, and Randall K. Fields, who co-founded Mrs. Fields Cookies is CEO of Park City Group. Park City Group has such marquee customers like, The Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box , The Limited, Williams-Sonoma and many more recognized retail operations. The company uniquely leverages its expertise in retail operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. and state-of-the-art, patented technologies to simplify the planning and execution of complex processes; deliver timely, relevant and "action-able" information; and improve its customers' profitability by putting the "best manager" in every store. Feel free to contact us (Media Contact: Randy Fields) at 800-772-4556 or info@parkcitygroup.com. To find out more about Park City Group (OTCBB: PKCY), visit our Web site at 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" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 worldwide and U.S. economic conditions that materially impact consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. and consumer debt, changes in demand for the company's products and services, risks associated with the integration of acquisitions and other investments, and other factors discussed in the "forward-looking information" section and the "risk factor" section of the management's discussion and analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial included in the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2003 filed with the Securities and Exchange Commission. Park City Group uses the paid services of investor relations organizations to promote the company to the investment community. Park City Group does not intend to update these forward-looking statements prior to announcement of quarterly or annual results. |
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