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Oracle Corporation Signs Licensing Agreement with Park City Group; Patent Licensing Becomes Significant Revenue Source for Company Apr 25, 2006 7:00:00 AM Copyright Business Wire 2006 PARK CITY, Utah--(BUSINESS WIRE)--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
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.
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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The 10 day average volume on this stock is only 237K so there could be some nice gains if huge volume rolls in today.
If it breaks a million shares then it should be a good day IMO. I'm not playing this since I'm all in TCLL. GLTA!
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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-------------------- I'm trying this day trading thing, cause an illegal took my job. Posts: 91 | From: Houston Texas | Registered: Mar 2006
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Del Monte Fresh Produce NA Signs Agreement with Park City Group to Enhance Its Customer Relationships Thursday May 4, 7:00 am ET Major Food Industry Supplier Establishes Relationship with Park City Group's Professional Services Division
PARK CITY, Utah--(BUSINESS WIRE)--May 4, 2006--Park City Group, Inc. (OTCBB: PKCY - News) 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.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
It's moving nicely...keep an eye on it. BUY SOME!
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
Been in since .05, and the CEO filed a Form 4 (purchase of shares).
Saw a bounce off the RSI=30 (historical charts shows it *always* bounced off of that!).
Been waiting for it to domore than just bounce based ont he last couple news releases. Hope she goes long!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
The plan is to buy in the 8s and sell in the teens. This one has strong fundamentals to back it.
Stolen from 3sof:
------------------------------------------- From Michael:
Hi G,
Yes I love Park City Group. It has all the ingredients for success.
The company is founded by Randall K. Fields, a very successful entrepreneur. He co-founded Mrs. Fields Cookies and grew the business from $200,000 to more than $100 million in revenues and grew its store base to over 650 stores.
He saw a huge opportunity for software systems to manage perishable food department operations. As all good entrepreneurs he pioneered the development of ActionManager software systems to provide innovative management solutions for Mrs. Fields Cookies.
This was the start of Park City Group. Toady the company has some of the largest retailers and consumer brands on their customer list:
* Home Depot * Tesco * Del Monte * Dodge's Store
To mention a few.
The licensing of the intellectual property to Oracle does not only provide a potential very significant revenue stream for the company (remember the market cap is only around $20 million) but is also recognition from a major player of the uniqueness of PKCY solution. To quote Randall Fields:
quote: 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
The restructuring of the Balance sheet has reduced the interest cost very significantly and the company has already posted a profit. From the April 28 press release:
quote: The Company earned $1.8 million on $4.8 million of revenue in the first six months of this year and this reduction in debt will have a meaningful impact on net income going forward as well. We are a much stronger company as a result..
posted
More big news. Profitable pennies don't stay pennies for too long. This one reminds me of PTSC.
quote:Park City Group Rolls out Next Generation Product with Significant Revenue Potential Thursday May 11, 7:00 am ET Overwhelming Response From Major Food Companies at 2006 Food Marketing Institute Trade Show
PARK CITY, Utah--(BUSINESS WIRE)--May 11, 2006--Park City Group, Inc. (OTCBB: PKCY - News) today launched Supply Chain Profit Link ("SCPL") as the next generation in its suite of perishable inventory management solutions at the Food Marketing Institute trade show in Chicago, Illinois. Supply Chain Profit Link builds on Park City Group's experience in identifying out-of-stock, shrink, and other significant elements of profitability in the retail supply chain channel. The new product was overwhelmingly praised by major food companies from around the world.
"Our reception from tier-one U.S. and global brands was beyond our highest expectations," said Randall K. Fields, Park City Group's Chairman and CEO. "During the show, we had opportunities to meet with several major brands and retailers and were overwhelmed with their response and immediate interest in the program. As a result, our expectations for the next 12 months and beyond have been raised for the product and we anticipate that Supply Chain Profit Link will be a significant revenue opportunity for Park City Group and our shareholders."
Encompassing the United States Food Export Showcase, United Produce and Expo Conference, Fancy Food Show and All Things Organic show, The 2006 FMI Show is the largest, most comprehensive annual event of its kind in the world. It features exhibits from top retailers and wholesalers and educational programs on industry trends that offer food professionals the tools and resources they need to serve their customers most effectively.
quote:Market-Pulse.com Announces Trade Alert for Park City Group, Inc. Thursday May 11, 9:05 am ET
ATLANTA, May 11, 2006 (PRIMEZONE) -- Market-Pulse.com announces its trade alert for Park City Group, Inc. (OTC BB:PKCY.OB - News). According to Bernard R. Schmitt of Market Pulse, ``The company just had excellent news out today regarding the roll out of its next-generation product with significant revenue potential.'' The new product was overwhelmingly praised by major food companies from around the world.
Supply Chain Profit Link (``SCPL'') is the next generation in the company's suite of perishable inventory management solutions was launched at the Food Marketing Institute trade show in Chicago, Illinois. Supply Chain Profit Link builds on Park City Group's experience in identifying out-of-stock, shrink, and other significant elements of profitability in the retail supply chain channel.
In a press release issued earlier today by Park City ``Our reception from tier-one U.S. and global brands was beyond our highest expectations,'' said Randall K. Fields, Park City Group's Chairman and CEO. ``During the show, we had opportunities to meet with several major brands and retailers and were overwhelmed with their response and immediate interest in the program. As a result, our expectations for the next 12 months and beyond have been raised for the product and we anticipate that Supply Chain Profit Link will be a significant revenue opportunity for Park City Group and our shareholders.''
Encompassing the United States Food Export Showcase, United Produce and Expo Conference, Fancy Food Show and All Things Organic show, The 2006 FMI Show is the largest, most comprehensive annual event of its kind in the world. It features exhibits from top retailers and wholesalers and educational programs on industry trends that offer food professionals the tools and resources they need to serve their customers most effectively.
quote:Park City Group Posts 2006 Third Quarter Results Monday May 15, 7:00 am ET Positive Momentum with Operations and Customer Agreements
PARK CITY, Utah--(BUSINESS WIRE)--May 15, 2006--Park City Group, Inc. (OTCBB:PKCY - News):
* Year-over-Year Revenues Increase 70% * Nine-Month Revenues Increase 126% * 9 Month Profit $1.4 Million Vs. $2.2 Million Loss
Park City Group, Inc. (OTCBB:PKCY - News), a leading provider of software and consulting services for the retail industry, today announced financial results for its 2006 fiscal year third quarter ending March 31, 2006. The company reported revenues for the quarter of $1,369,688, a 70% increase compared to $805,865 in the third quarter of the 2005 fiscal year. The net loss for the period narrowed sharply to $385,791 compared to a loss of $832,982 in last year's same period. The company also had a one time charge to earnings from their refinancing activity of about $103,000.
Chairman and CEO, Randy Fields commented, "We continued to make strong progress in all relevant categories during the quarter. Our results exceeded our own expectations for the quarter as we experienced improvement in software license revenues, maintenance revenues, ASP and consulting revenues during the quarter. Significantly, our gross margin for the quarter was 71% versus 51% for last year's third quarter, which is a testament to our focus on controlling costs and highlights the leverage that is inherent in our business.
Highlights of the Third Quarter include:
* Software license revenues increased 283% * 9 month software license revenues increase 657% * ASP revenues increased 68% * Consulting revenues increased 122% * Total liabilities have been reduced by $4.9 million or 56% since June 30 2005. * 9 months profit of $1.4 million vs. a loss of $2.3 million.
For the nine month period ending March 31, 2006, total revenues increased 126% to $6,182,209 from the $2,736,604 for the same period of 2005. Software license revenues increased to $3,434,927 from the $453,615 reported in the prior year. Net income for the nine-month period totaled $1,424,261 compared to a loss of $2,278,203 for the prior year period.
Mr. Fields added, "We continue to put in place the foundation we need to support our growth expectations. As previously reported, a restructuring of our balance sheet during the quarter has dramatically reduced the size of our outstanding debt and the reduced annual interest expense will add significantly to net income. Although we reported a small net loss for the quarter of $385,791, it should be noted that a significant portion of that loss was attributable to one time expenses related to the restructuring of the balance sheet. Looking beyond these one time expenses, we have announced several agreements and licensing deals with major customers. Our recent presentation at the 2006 Food Marketing Institute Trade Show was a great success and we expect to see some customer agreements arise out of that event. We are on track to have a great year and our market momentum should carry us into an excellent FY 07 as well."
quote:Park City Group Signs Agreement with Circle K Wednesday May 17, 7:00 am ET Second Largest C-Store Operator in North America to Use Park City Group's ActionManager(TM) Toolset
PARK CITY, Utah--(BUSINESS WIRE)--May 17, 2006--Park City Group, Inc. (OTCBB: PKCY - News) today announced that it has signed an agreement with Circle K Midwest for the company's ActionManager(TM) solution for its over 530 locations.
For more than 50 years, Circle K, a wholly owned subsidiary of Couche-Tard, Inc., has been one of North America's most popular and successful operators of convenience stores. Today, there are more than 2,100 Circle K stores across the USA and over 4,000 international locations. Couche-Tard is the second largest independent convenience store operator in North America, and the industry leader in Canada. Couche-Tard stores are located in three geographic markets in Canada (East, Centre and West), and in five major markets covering 23 American states (Midwest, Southeast, Florida and Gulf Region, Arizona Region and West Coast) in the United States. In addition, a network of more than 4,000 licensees extends into seven other regions worldwide (Japan, Taiwan, Hong Kong, Indonesia, Mexico, China (PRC), Guam).
"Circle K has led the way for the convenience store industry for many years. Their dedication to the highest levels of customer service is well known in every market they serve. Naturally, we are very pleased to be working with this highly successful industry leader," commented Randall K. Fields, Park City Group's Chairman and Chief Executive. Fields continued, "Our rapid expansion with top-tier convenience store retailers like Circle K further validates our service and technology offerings. We anticipate adding additional customers from this sector in the coming months."
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Secur
Item 1.01 Entry Into a Material Definitive Agreement. On June 2 and 14, 2006, the Registrant entered into a purchase agreements (the "Purchase Agreement"), with certain accredited investors (each an "Investor") signatory thereto, pursuant to which the Registrant issued 87,272,742 shares of restricted common stock (the "Shares") for an aggregate purchase price of $4,800,000 or $.055 per share. Commissions paid to Taglich Brothers, Inc. associated with the sale totaled $384,000 in cash and a warrant to purchase 8,727,273 shares of common stock. The remaining proceeds to the company were approximately $4,400,000.
On May 30, 2006 the Registrant entered into a Placement Agreement with Taglich Brother, Inc. ("Taglich") Under this agreement Taglich will use its best efforts to place the Registrants common stock. In return for these services Taglich will receive a success fee of 8% of the gross proceeds from the sale of the shares. Taglich will receive Warrants to purchase an amount of Common Stock equal to 10% of the shares sold in this offering. The warrants will have a 5 year term and an exercise price of 110% of the closing bid price on the Common Stock on the Final Closing Date. Taglich will also be reimbursed for its actual and reasonable out-of-pocket expenses incurred in connection with this offering.
The Registrant has agreed to file a registration statement with the Securities and Exchange Commission in order to register the resale of the Shares and the Warrant Shares (the "Registration Statement").
The description of the foregoing transactions as described hereinabove is qualified in its entirety by the Purchase Agreement, the Placement Agent Agreement, and the Form of Warrant that are attached as exhibits to this Form 8-K.
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities. On, June 14, 2006, the Registrant issued 87,272,742 shares of restricted common stock for an aggregate purchase price of $4,800,000, pursuant to the terms of the Purchase Agreement, as described under Item 1.01 above, and incorporated into this item by reference.
Commissions paid to Taglich Brothers, Inc. associated with the sale totaled $384,000 in cash and a warrant to purchase 8,727,273 shares of common stock. The remaining proceeds to the company were $4,400,000.
All shares of common stock were issued in non-registered transactions pursuant to the exemption from registration provided by Sections 4(2) and 4(6) of the 1933 Securities Act, as amended, and Regulation D promulgated thereunder.
The description of the foregoing transactions as described hereinabove is qualified in its entirety by the Purchase Agreement and the Placement Agent Agreement that are attached as exhibits to this Form 8-K.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (c) Exhibits.
10.1 Form of Securities Purchase Agreement, dated May 30, 2006 10.2 Placement Agent Agreement 10.3 Form of Warrant, dated June 14, 2006 20.1 Press Release - Park City Group Completes $4.8 Million Private Placement
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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Friday June 16, 9:36 am ET Company Enhances Working Capital as CEO Sees Rapid Industry Growth
PARK CITY, Utah, June 16 /PRNewswire-FirstCall/ -- Park City Group, Inc. (OTC Bulletin Board: PKCY - News) today announced it raised $4.3 million through the private placement of common stock with accredited investors. The first release of $1.425 million occurred on June 3, 2006. On June 14, 2006, the company received the balance of $2.938 million. The Company issued 87,272,742 common shares at $.055 per share raising approximately $4.8 million before deducting commissions and other expenses. The net proceeds from the private placement will be used for working capital and general corporate purposes. Taglich Brothers acted as the Company's placement agent. ADVERTISEMENT
Randall Fields, Park City Group chairman and chief executive officer, said, "This financing provides us with a significantly stronger balance sheet that will assist us in the continued execution of our business plan. We are very pleased that Taglich Brothers introduced our company to the high quality, long-term investors who participated in this deal, and we look forward to our association with their fine organization."
Fields continued, "Our markets are projected to grow substantially in the coming years as supermarkets, grocers, convenience stores and other retail customers grapple with the imperative to more profitably manage perishables and labor costs. As retailers recognize the solutions Park City Group offers, it is critical that we have the working capital strength necessary to grow with our client's demands for service. The added funds will help us greatly expand our development activities, our marketing and our services activities and the action represents a strong step towards what we ultimately hope to be a listing on a national stock exchange."
The shares of common stock have not been registered under the Securities Act of 1933 and may not be subsequently offered or sold by the investors in the United States absent registration or an applicable exemption from the registration requirements. Park City Group has agreed to file a registration statement covering resale of the common stock by investors. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
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 (OTC Bulletin Board: PKCY - News) 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.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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