Leading Korean Noodle and Snack Manufacturer to use System to Ensure Compliance of International Suppliers, Reducing Risk and Protecting Its Customers
Salt Lake City | March 7, 2018 – ReposiTrak, Inc., the world’s only sourcing, compliance management and advanced commerce platform for retailing, today announced that Nongshim America, Inc., the US division of the leading Korean noodle and snack manufacturer, is adopting the ReposiTrak Compliance Management System to minimize its financial, brand and regulatory risk. Nongshim America has a comprehensive network of brokers and distributors in the US to supply a wide variety of branded food products to retailers, warehouse clubs, national discounters and convenience stores across the country.
“Manufacturing under the strictest guidelines of U.S. food safety standards, we strive to raise the level of excellence in freshness and quality for our customers,” said Abel Escalante, QA Senior Manager for Nongshim America. “As part of our goal to ensure food safety compliance and because we work with so many international suppliers, we were looking for a solution that would enable us to better collect and manage our list of required documents, and provide supply chain visibility and more immediate access to our records. ReposiTrak was the obvious choice, especially given our mutual relationship with SQFI.”
“More global brands are recognizing that the ReposiTrak platform is a cost-effective risk management solution,” said Randall K. Fields, Chairman and CEO of Park City Group. “We are proud to help Nongshim America not only ensure greater food safety compliance, but also consistently deliver higher quality products to their consumers.”
ReposiTrak, a wholly owned subsidiary of Park City Group (NASDAQ: PCYG), helps retailers control risk, reduce supply chain expense and grow sales via a unique technology solution platform. From new supplier discovery, vetting and onboarding using ReposiTrak MarketPlace, to risk mitigation via automated compliance management solutions, as well as a suite of advanced commerce solutions including scan-based trading and automated ordering, ReposiTrak helps retailers grow market share and increase their competitiveness in today’s dynamic retail environment.
About ReposiTrak®
ReposiTrak, Inc. is a wholly-owned subsidiary of Park City Group (NASDAQ:PCYG) and was co-founded with Leavitt Partners. ReposiTrak® provides food retailers and suppliers with a robust solution to help them protect their brands and remain in compliance with regulatory requirements. Additionally, ReposiTrak enables traceability as products and their ingredients move between trading partners and now helps customers source new compliant suppliers and drive sales through MarketPlace. More information is available at www.repositrak.com.
About Park City Group
Park City Group (PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information to ensure products are available when and where consumers demand them, helping retailers and suppliers to ‘Sell More, Stock Less, and See Everything’. Park City Group’s technology also assists all participants in the food and drug supply chains to comply with food and drug safety regulations through the Company’s ReposiTrak subsidiary. More information is available at www.parkcitygroup.com.
Media Contact | Ronald Margulis | RAM Communications | +1 908.272.3930 | ron@rampr.com
Investor Contact | Todd Mitchell | Park City Group CFO | +1 435.645.2212 | ir@parkcitygroup.com
