Park City Group, Inc. (OTCBB:PCYG), developer and marketer of patented computer software and consulting services which enable its retail customers to increase sales while reducing inventory and labor costs, announced it has deployed, under a previously announced subscription contract, its ActionManager® subscription service for a leading North American gift shop retailer. The retailer has identified more than 45 locations nationwide to roll out ActionManager. Among other features, the ActionManager suite of products manages labor scheduling and automates the HR workflow in the national chain.
Since the retailer’s initial October 2007 subscription for ActionManager, Park City Group has worked closely with this specialty retail customer to develop and deliver the precise tools and analytics necessary to determine the best way to address varied local, state, national and international requirements. In order to help maximize store level profitability, ActionManager optimized schedules based upon forecasted workload. By automating workflow, Park City Group enabled store managers to spend less time managing paperwork and more time assisting its customers.
ActionManager is a suite of operations management applications that provide an automated method for retail managers to plan, schedule and administer virtually every time-consuming task at the store level. ActionManager is rules-based, easily tailored and event driven.
“This retailer is successfully utilizing our ActionManager product under our new subscription-based model,” said Randall K. Fields, Chairman and CEO. “This specialty retailer is now addressing both labor demands and customer service needs by maximizing employee utilization and decreasing labor costs - without negatively impacting sales revenues.
“This successful deployment of subscription services demonstrates that our entire product line can be sold and serviced through a recurring revenue model which we introduced in 2007. Our ActionManager suite of products allows us to continue to deliver on our promise to ensure that the retailer has the ‘Right People, Doing the Right Things, At the Right Time’ by applying analytics to manage operational processes.”
Park City Group sells ActionManager as a hosted subscription service (software as a service), or on a per-store basis with annual maintenance based upon a percentage of the purchase price. Last year, Park City Group began to focus its business model on sales of subscription-based products in order to minimize ‘lumpy’ licensed-based sales. The benefits of subscription-based products to Park City Group include a shorter, less resource intensive sales cycle and a steady and recurring revenue stream.
About Park City Group
Park City Group, Inc. develops and markets patented computer software and consulting services that helps 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, 2007 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.
Contacts:
Bibicoff + MacInnis, Inc.
Terri
MacInnis, 818-379-8500
terri@BibiMac.com
