| [June 04, 2004] |
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Park City Group Signs Marvelous Market as First Pay-As-You-Go Customer
PARK CITY, Utah --(Business Wire)-- June 4, 2004 -- Park City Group Inc. (OTCBB:PKCY)(Berlin:WKN#925919) announced today that Marvelous Market will be the first customer for the Company's PAYGo (Pay-As-You-Go) deployment option. Pay-As-You-Go or PAYGo is a subscription service that provides a cost-effective deployment option that is rapidly implemented (60-90 days) and delivers the results the customers need for improving business operations.
Fairfax, Va. based Marvelous Market is a $10 million boutique food store chain, specializing in artisan breads, pastries, sandwiches and fresh ready-to-heat entrees. Marvelous Markets will initially be deploying Park City Group's Fresh Market Manager in its 10 store locations and will be deploying computer-assisted ordering for its Commissary, and will follow these deployments with the labor scheduling application.
With the addition of Marvelous Market to its customer list, the company will be able to expand its presence into the food service market segment in addition to their existing target markets, including grocery, convenience/gas, quick service restaurants and other retail markets.
Pascal Bouvier, chief financial officer of Marvelous Market, stated, "This opportunity will allow us to use a proven solution, with a minimum of costs, using a rapid deployment and attaining a return on our investment in months rather than years."
Marvelous Market, recently featured in Fortune Magazine as a Small Business Makeover Case Study, is in the process of evaluating its business options for growth and profitability.
"During the Small Business Makeover we were exposed to a number of industry luminaries, including Randy Fields, who provided us with invaluable wisdom from his Mrs. Fields Cookies days. We also discovered that Park City Group makes the very technology that we needed in our high growth company," added Bouvier.
"We are eager to begin working with Marvelous Market, a forward thinking company with a vision. We anticipate a rapid and successful implementation that will take weeks rather than months," added Randy Fields, CEO of Park City Group. "PAYGo has been well received and it has been amazing to see grocers actually get excited and more interested when we tell them they can use the same solutions as the large chains but for a fraction of the cost."
The Fresh Market Manager and ActionManager solutions, originally designed for Mrs. Fields Cookies, falls right in line with Marvelous Market's aggressive growth plans and their need for a rapid implementation and quickly achieving a return on their investment.
According to Fields, the PAYGo deployment option was a major factor in expediting the sales process with Marvelous Market.
About Marvelous Market
Marvelous Market, founded by bread impresario Mark Furstenberg in July 1990, marked the beginning of a neighborhood bread boutique producing and selling traditional European-style sourdough and other specialty breads. Generating amazing media coverage by The Washington Post and New York Times, TV coverage and word of mouth, product demand skyrocketed. After acquiring a local competitor, Baker's Place, in 1997, the Company expanded production capacity and developed the Marvelous Market concept, in addition to the wholesale production that supplies the finest dining facilities in the Washington DC area. To find out more about Marvelous Market, please visit their Web site at www.marvelousmarket.com.
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. Feel free to contact us (Media Contact Randy Fields) at 800-772-4556 or info@parkcitygroup.com. To find out more about Park City Group (OTCBB:PKCY)(Berlin:WKN# 925919), 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 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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