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On July 31, 2012, Park City Group, Inc. (the "Company") entered into a services agreement to provide selected scan-based trading services to CVS Pharmacy, Inc. ("CVS") through May 2015. The agreement reflects the Company's previously announced focus on increasing the number of retailers that use its software on a subscription basis, and marks the Company's progress towards contracting with major retailers outside of the grocery industry. The Company expects the subscription revenue potential generated from these relationships to be significantly larger than any of the Company's existing client hubs within the grocery industry.
Park City Group, Inc. |
By: | /s/ David Colbert |
Name: David Colbert | |
Title: Chief Financial Officer |