PARK CITY, UT--(MARKET WIRE)--Jan 19, 2004 -- Park City Group, Inc. (OTC BB: PKCY), a leading provider of business analytics, inventory management, workforce management and HR/Workflow processing software and services to the retail industry, announced that its solid product offering, sustaining revenues from a marquee customer base including such industry luminaries as Victoria's Secret, The Home Depot and Anheuser Busch Entertainment and increasing interest by prospective customers, positions the company to be looked upon quite favorably noted Randy Fields, Chairman and CEO of Park City Group, Inc. in an exclusive interview with the Wall Street Reporter. Park City Group, Inc. anticipates meeting and exceeding its financial plan in Q2 of FY2004 and expects continued gains through the balance of the fiscal year. The interview, which will be available through the end of this week, can be accessed at: http://www.******************.com/profiles/ParkCityGroup.html.

"Our operational experience as co-founder of the Mrs. Fields Cookies business and taking that hands-on experience and sharing that knowledge with our customers makes us very different from other vendors in our market. This is especially important as many of our grocery and supermarket customers are experiencing extraordinary pressures from Wal-Mart's invasion into their traditional market space. Our Fresh Market Manager application is just the right product at this critical time, but the true test is that our customers have experienced success with Fresh Market Manager. The fact that that they are achieving improved economic performance is the best measure of OUR performance," said Fields.

"It's a challenge to get visibility in today's marketplace," notes Fields. "We have had good response from potential investors. We feel that there is such a strong momentum of increasing interest in our products and for our strategy as we build strong alliances to present our solutions to a greater portion of the retail market that we believe that those investors who look at us today will be very happy that they did."

Chart Looks Pretty Good
http://stockcharts.com/def/servlet/SC.web?c=PKCY,uu[m,a]daclyyay[da][pb5!b10][vc60][iUp66,5,3!Lg10]&pref=G

Chart looks pretty good.

I am in with 10000 shares @ 0.065

This should rally, It is going thru a correction right now. I thought the PR will ride this up but too much selling pressure I guess. 15% down today, that hurts....

STO still looks great around 70

Composite Indicator
Trend Spotter (TM) Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold

Short Term Indicators Average: 80% - Buy
20-Day Average Volume - 226225

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Hold
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 153678

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Sell

Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 115347

Overall Average: 72% - Buy

Price Support Pivot Point Resistance

0.06 0.05 0.06 0.07

Here is more DD by the way...
http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=pkcy,uu[l,a]daclyyay[db][pb5!b10][vc60][iup66,5,3!lg10]&r=4801

STO is above 70 supported by 5 & 10 DMA converging with the price. A breakout signal in overbought scenario.

OBV breakout was around Jan 13, price was above 10 DMA which is a good signal.

Park City Group Inc. Anticipates a Near Doubling of Revenues and a Quarterly Profit for Second Quarter of FY2004
Tuesday January 27, 5:30 pm ET

PARK CITY, Utah--(BUSINESS WIRE)--Jan. 27, 2004--Park City Group Inc. (OTCBB:PKCY - News) a leading provider of profit enhancing software for the retail industry, announced stronger than anticipated preliminary revenue and earnings per share figures for FY2004 second quarter and six months ended Dec. 31, 2003. The company cautioned that these estimates are unaudited and that its final results are subject to change.

Park City Group expects to report revenues in the range of $1.7 to $1.9 million for the second quarter of FY2004 ended Dec. 31, 2003. This approximately represents a 58% percent increase over the first quarter of FY2004 and a 94% percent increase over the same period in FY2003. The company anticipates second quarter profits to be in the range of $150 to $250 thousand. The six months revenues are expected to be in the range of $2.9 to $3.1 million up 28% percent over the prior year, with a loss of $560 to $460 thousand, compared to a loss of approximately $1 million in the prior year comparable period. Additionally, cash increased by $400 thousand as compared to the first quarter of FY2004 and increased by $200 thousand over the same period in FY2003.

"We are very pleased to announce that we expect to exceed our financial plan for the second quarter of FY2004," said Randy Fields, chairman, CEO and president of Park City Group Inc. "The fact that our customers are achieving improved economic performance is the best measure of our performance. The recently announced alliance for distribution of our labor management technology, and continued efforts to control costs were key ingredients to this quarter's anticipated profitability. We remain optimistic about our current fiscal year, and believe that the success we are seeing with our customer's use of Fresh Market Manager will enable us to show substantial improvement in this year's revenues and operations."

Q2 and Six Months Earnings Release and Conference Call

Park City Group will formally report its final results for the second quarter and six months ended Dec. 31, 2003 upon completion of the review by our independent auditors. The company will then host a conference call to review the results. Details regarding conference call participation will be posted on the company's Web site at www.parkcitygroup.com, or may be obtained by contacting the company at 800-772-4556.

About Park City Group

Park City Group is a leading provider of profit enhancing software and services for the retail industry. The solutions were developed initially for the Mrs. Fields Cookies business, and Randall K. Fields, who co-founded Mrs. Fields Cookies is CEO of Park City Group. Park City Group has such marquee customers like, The Home Depot, The Limited, Williams-Sonoma and many more recognized retail operations. The company uniquely leverages its expertise in retail operations management and state-of-the-art, patented technologies to simplify the planning and execution of complex processes; deliver timely, relevant and "action-able" information; and improve its customers' profitability by putting the "best manager" in every store. Feel free to contact us at 800-772-4556 or info@parkcitygroup.com. To find out more about Park City Group, visit our Web site 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 worldwide and U.S. economic conditions that materially impact consumer spending and consumer debt, changes in demand for the company's products and services, risks associated with the integration of acquisitions and other investments, 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 annual report on Form 10-K for the year ended June 30, 2003 filed with the Securities and Exchange Commission. Park City Group uses the paid services of investor relations organizations to promote the Company to the investment community. Park City Group does not intend to update these forward-looking statements prior to announcement of quarterly or annual results.
Contact:

Park City Group Inc.
Carolyn Doll, 800-772-4556
cdoll@parkcitygroup.com