PARK CITY GROUP CEO REPORTS FY2005 RESULTS AND
OPTIMISTIC FY2006 VIEW IN LETTER TO SHAREHOLDERS
PARK CITY, UTAH - October 13, 2005 - Park City Group, Inc. (OTCBB: PKCY)
announced today that its CEO, Randy Fields has reported FY2005 results from the
recently filed FY2005 10KSB and the expectations for the upcoming year in a
letter to the shareholders of the company. Key points of the letter include:
o FY2005 ended on a disappointing note, with two major contracts
being deferred until FY2006
o FY2005 - Excellent results already achieved by the
newly focused professional services consulting
practice.
o FY2005 - Addition of five new customer companies
o FY2005 - Increased market opportunities from
strategic alliances in Grocery and Convenience store
markets
o FY2006 a strong start to the year with expected first quarter
results soon to be reported, including significant
improvements to the Company's balance sheet and significant
reductions in the Company's outstanding debt
o FY2006 - A newly formed partnership between
IMI/Cannon and the Company to result in access to new
markets and increased retail market opportunities
o FY2006 - Increase efforts to improve Company
visibility with investors
The text in its entirety is posted on the Company's website -
http://www.parkcitygroup.com/pr/2005/10_2005_ceoletter.htm
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Page 2 - PARK CITY GROUP CEO REPORTS FY2005 RESULTS
AND OPTIMISTIC FY2006 VIEW IN LETTER TO SHAREHOLDERS
About Park City Group:
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Park City Group, Inc. develops and markets patented computer software that helps
its retail 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, CEO of Park City Group, Inc. Industry leading customers such as
The Home Depot, Victoria's Secret, The Limited, Anheuser Busch Entertainment and
Tesco Lotus benefit from our software. 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, Berlin: WKN# 925919), visit our website 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
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, 2005 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.
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