PARK CITY, Utah - (Business Wire) Park City Group, Inc. (OTCBB: PCYG), a developer of patented, innovative retail supply chain solutions and services, today announced that Richard A. Jacobsen, President & Chief Executive Officer of Time Warner Retail Sales and Marketing (NYSE: TWX), has joined its Board of Directors. “Richard’s addition to our Board of Directors reflects our ability to add experienced advisors from both the retail and supplier community,” said Randall K. Fields, Park City Group’s Chairman and CEO. “In addition to his Fortune 500 experience, Richard brings a deep understanding of the supply chain inefficiencies in the magazine and publishing industry and broadens the experience of our already diverse Board of Directors. I’m sure Richard’s perspective will prove invaluable as we seek to penetrate the magazine and publishing industry.”
About Park City Group
Park City Group is a trusted business solutions and services provider that enables retailers and suppliers to work collaboratively as strategic partners to reduce out-of-stocks, shrink, inventory and labor while improving profits, efficiencies, and customer service. Our innovative solutions provide trading partners a common platform on which they can capture, manage, analyze and share critical data, bringing greater visibility throughout the supply chain, and giving them the power to make better and more informed decisions. For more information, go to www.parkcitygroup.com.
About Richard A. Jacobsen
Mr. Jacobsen was named President & Chief Executive Officer, Time Warner Retail Sales and Marketing in August of 2000. Rich returned to Time Warner after a brief hiatus as Vice-Chairman and Chief Operating Officer of The Source Information Management Company. Prior thereto, he was President & Chief Executive Officer of Time Distribution Services, serving in several executive capacities since 1981.
He is a member of the Board of Directors of the International Periodical Distributors Association, the President’s Advisory Council of the Grocery Manufacturers of America, Students in Free Enterprise (SIFE) and One-to-One Interactive. In 1999 Mr. Jacobsen was the recipient of the prestigious Folio: 40 Award.
Forward-Looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to Park City Group, Inc. (”Park City Group”) are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in Park City’s annual report on Form 10-K for the year ended June 30, 2009 and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
IR:
Darrow Associates
Neal Goldner, 631-239-6282
ngoldner@darrowir.com
