Park City Group Announces
New Ticker Symbol PCYG.OB
PARK
CITY UT, August 10, 2006 Park City Group, Inc. (OTCBB: PKCY) today announced that
effective Friday, August 11, 2006, the Company will begin trading under the new ticker
symbol (OTCBB: PCYG) This ticker symbol was changed by Nasdaq due to the required change
of the Companys common stock CUSIP number following the recently announced reverse
split, also effective August 11, 2006.
The new CUSIP number for Park City
Groups common stock will be 700215304. Shareholders, if they so desire, may
exchange their current stock certificates for newly issued shares reflecting the symbol
change, new CUSIP number and the post-split adjusted number of shares, but are not
required or obligated to do so. Shareholders wishing to exchange their shares should
contact the transfer agent who may be reached at: Liberty Transfer Co., 274B New York Ave.,
Huntington, NY 11743, 631-385-1616.
Commenting on the
split, Randall K. Fields, CEO of Park City Group said, We believe this change in our
capitalization makes us significantly more attractive to new retail and institutional
investors and is one additional step towards a national exchange listing. As we
continue to execute our business plan, we expect that the Park City Group investment case
will continue to offer investors a compelling way to participate in the growth of our
company.
About Park City Group
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, Victorias
Secret, The Limited, Anheuser Busch Entertainment and Tesco Lotus benefit from our
software. To find out more about Park City Group (OTCBB: PCYG) visit our website at http://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, 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.
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