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Del Monte Fresh Produce NA Signs Agreement with Park City Group to Enhance Its Customer Relationships; Major Food Industry Supplier Establishes Relationship with Park City Group's Professional Services Division
Business Wire via COMTEX
May 4, 2006 7:00:01 AM
PARK CITY, Utah, May 04, 2006 (BUSINESS WIRE) --
Park City Group, Inc. (OTCBB: PKCY) today announced that it has established a relationship with Del Monte Fresh Produce NA to provide tools and analytics in support of their branded fresh cut fruit program. Del Monte Fresh will utilize Park City Group's analytic tools and professional consulting services to enhance their already successful relationship with their retail customers. Park City Group's Professional Services Division will assist Del Monte Fresh in efforts to provide better quality and freshness for consumers, while delivering improved sales and higher profits for their retail customers.
Del Monte Fresh Produce NA, based in Coral Gables, Florida is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages, snacks, and desserts in Europe, the Middle East and Africa. Del Monte Fresh Produce Company markets its fresh products worldwide under the Del Monte(R) brand, a symbol of product quality, freshness and reliability since 1892. In FY 2005, Fresh Del Monte Produce reported net sales of over $3.3 billion dollars.
Speaking of the agreement, Randall K. Fields, Park City Group's Chairman and Chief Executive, said, "This is another key milestone for Park City Group and our Professional Services Division. We are experiencing very rapid growth in our Professional Services group and this agreement with Del Monte adds to our momentum. Our Professional Service's staff is unparalleled in their brand and retail management experience, and Del Monte is one of the best known names in the food business. We are proud to be associated with them and their commitment to freshness, quality, and the success of their retail customers."
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, 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) 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, 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.
SOURCE: Park City Group, Inc.
Cameron Associates John McNamara, 212-245-8800 Ext. 205 john*cameronassoc.
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