January 9, 2013 | SALT LAKE CITY & BOISE, IDAHO January 9, 2013: ReposiTrak, Inc. a joint venture between Park City Group (NYSE Amex: PCYG) and Leavitt Partners, and Recall InfoLink, provider of a state-of-the-art product recall management system, today announced the signing of a joint marketing agreement. The agreement outlines the collaborative efforts to grow sales at both companies.
ReposiTrak uses Park City Group’s suite of solutions to enable grocery, supermarkets, packaged goods manufacturers, food processing facilities, drug stores and drug manufacturers, as well as logistics partners, to track and trace products and components to products throughout the food, drug and dietary supplement supply chains. In addition, the technology addresses the market need of receiving, storing, sharing and maintaining regulatory documentation all in one convenient location.
Recall InfoLink’s patented, web-based solution protects brand image and consumers, bringing value to all businesses by processing recalls faster and easier than ever before. The solution’s standardized messages, automated communications, inventory tracking and reporting simplify compliance efforts and significantly reduce the cost of managing recalls.
Quotes
“We believe there will be tremendous value delivered to our retail and supplier customers as a result of working with Recall InfoLink. This relationship will help trading partners improve their ability to quickly and effectively get products off the shelf and out of the distribution center, dramatically reducing the possibility of potentially harmful products reaching shoppers. This, in turn, will enhance the reputation of all companies involved and positively impact the bottom line.”
Randall K. Fields, Chairman and CEO of Park City Group
“Recall InfoLink and ReposiTrak together provide the first truly holistic process for product recalls throughout the supply chain. The combination of our solutions efficiently and effectively delivers product movement insights to retailers and their suppliers that will allow users to quickly act on recall events, and will create a competitive advantage in the marketplace.”
Roger Hancock, President and Founder of Recall InfoLink.
About Recall InfoLink
Recall InfoLink, based in Boise, Idaho, offers a global, web-based product recall management platform that improves the recall process by ensuring accuracy and protecting brands. More information about Recall InfoLink can be found by visiting http://recallinfolink.com
About ReposiTrak
ReposiTrak, Inc. is a venture of Leavitt Partners and Park City Group. The partnership provides food retailers and suppliers with a robust solution to help protect their brands and remain in compliance with rapidly evolving regulations in the Food Safety Modernization Act. Powered by Park City Group’s technology, the ReposiTrakTM software solution is an internet-based technology that enables all participants in the farm-to-table supply chain to easily manage tracking and traceability requirements as products move between trading partners.
About Park City Group
Park City Group (NYSE Amex: PCYG) is a Software-as-a-Service (“SaaS”) provider that brings unique visibility to the consumer goods supply chain, delivering actionable information that ensures product is on the shelf when the consumer expects it as well as providing food safety tracking information. The Company’s service increases customers’ sales and profitability while enabling lower inventory levels and ensuring regulatory compliance for both retailers and their suppliers.
Through a process known as Consumer Driven Sales OptimizationTM, Park City Group helps its customers turn information into cash and increased sales, using the largest scan based platform in the world. Scan based trading provides retail trading partners with a distinct competitive advantage through scan sales that provides store level visibility and sets the supply chain in motion. And since it is scan based, it can be used in a Direct Store Delivery (DSD) or warehouse setting.
Forward-Looking Statements
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, its quarterly report on Form 10-Q, 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.
