parkcitygroupinc8k010708.htm
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of
report (Date of earliest event reported) January 7, 2008
Commission
File Number 000-03718
PARK
CITY GROUP,
INC.
(Exact
name of small business issuer as specified in its charter)
|
Nevada
|
37-1454128
|
|
(State
or other jurisdiction of incorporation or organization)
|
(IRS
Employer Identification No.)
|
3160
Pinebrook Road; Park City, Utah 84098
(Address
of principal executive offices)
(435)
645-2000
(Registrant's
telephone number)
____________________________________________________
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Section
5 – Corporate Governance and Management
Item 5.02
Departure of Directors or Principal Officers; Election of Directors; Appointment
of Principal Officers.
On,
January 4, 2008, the Registrant appointed Richard S. Krause to be a Director
to
fill a vacancy on the board and to serve until the next annual meeting of the
shareholders.
The
following press release announcing this appointment was published January 7,
2008:
Media
Contact:
Jeffrey
Scott
SplitRock
Communications
(408)
884-4017
jeff@splitrockpr.com
Park
City Group Appoints Noted Innovative Business Leader Richard S. Krause to Board
of Directors
Park
City, Utah – January --,
2008: Park City Group, Inc. (OTCBB: PCYG), a leading provider of
patented inventory and labor optimization software solutions for retailers,
announced today that innovative business leader Mr. Richard S. Krause has
joined its Board of Directors.
Mr.
Krause is a seasoned executive with many years of experience in senior
leadership roles with consumer packaged goods manufacturers and marketers such
as Procter & Gamble, Newell Rubbermaid and ConAgra Foods. Mr.
Krause has over twenty years of experience in leading organizations through
significant milestones and inflection points by creating motivated, highly
competitive, and winning cultures.
Mr.
Krause is currently President and Chief Executive Officer of Elan Nutrition,
Inc. (an affiliate of Sun Capital Partners, Inc.) a major manufacturer and
formulator of sports-performance, weight management and healthy lifestyle
nutrition bars. Prior to this, he was President of Cannon Solutions,
Inc., a global operating group with businesses in the merchandising systems,
automated distribution and retail technologies sectors serving major brand
marketers and retailers.
Throughout
his career, Mr. Krause has consistently developed and instituted share
increasing, cost saving, and revenue building programs for several well-known
consumer packaged goods brands. He has also successfully partnered with major
retailers and brand marketers to build businesses globally.
“As
we continue to refine and advance our marketing and sales models, Richard’s
leadership, vision and years of experience in the retail sector will be
invaluable assets for our team,” noted Randall K. Fields, Park City
Group’s
Chairman. “Richard brings his unique talents and innovative
thinking to a team of industry leaders who are committed to helping Park City
Group execute its core business strategy and enhance value for all PCG
stockholders.”
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, Pacific Sunwear of California, Anheuser Busch
Entertainment and Tesco Lotus benefit from our software. To find out more about
Park City Group (OTCBB: PCYG) 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.
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-KSB/A for the year ended June 30, 2007 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.
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto
duly
authorized.
|
Dated: January
7, 2008
|
PARK
CITY GROUP, INC.
|
| |
|
| |
By:
/s/ John
Merrill
|
| |
CFO
|