UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) March 31, 2006
Commission File Number 000-03718
PARK CITY GROUP, INC.
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(Exact name of small business issuer as specified in its charter)
Nevada 37-1454128
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
333 Main Street, P.O. Box 5000; Park City, Utah 84060
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(Address of principal executive offices)
(435) 649-2221
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(Registrant's telephone number)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
The following press release is being published April 25, 2006:
Contact:
John McNamara
Cameron Associates
(212) 245-8800 Ext. 205
john@cameronassoc.com
ORACLE CORPORATION SIGNS LICENSING AGREEMENT WITH PARK CITY GROUP
PATENT LICENSING BECOMES SIGNIFICANT REVENUE SOURCE FOR COMPANY
PARK CITY UT, - April 25, 2006 - Park City Group, Inc. (OTCBB: PKCY) today
announced a license agreement for Oracle Corporation to utilize its patented
technology in its applications. Oracle is the world's largest enterprise
software company and the agreement arises from Park City Group's ongoing efforts
to utilize the strength of its patent library to drive revenue and profits.
Park City Group granted the license to Oracle Corporation as part of its
shareholder value enhancement program that includes broadening the application
of its technology base to premier enterprise software development companies like
Oracle. Park City Group currently provides technology and applications that
automate business operations in over 70,000 retail outlets worldwide.
Speaking about the announcement, Randy Fields, Park City Group's Chairman said,
"We believe that there is a very substantial opportunity for licensing parts of
our intellectual property. When people think of license agreements, they
normally think in terms of licensing software. While that certainly represents
one source of revenue for us, what makes this agreement unique is that we have
licensed the intellectual property itself. This represents a new and separate
source of revenue for us. The licensing of a patent has much broader
implications and as such the size of these agreements can be significant. This
is another significant step for Park City Group and we will continue to utilize
the strength of our patent library in any way that is appropriate in order to
enhance shareholder value."
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. To find out more about Park City Group
(OTCBB: PKCY) please visit our website at www.parkcitygroup.com.
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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, 2003 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.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
Dated: April 25, 2006 PARK CITY GROUP, INC.
By: /s/ Randall K. Fields
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CEO
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