parkcity8k_jan72009.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, 2009
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
8 – Other Events
Item 8.01
Other Events.
On,
January 8, 2009, the Registrant announced the hiring of Mark Deuschle as Sr.
Vice President.
The
following press release announcing this appointment was published January 8,
2009:
Park
City Group Appoints Mark Deuschle as Senior Vice President
Consumer Packaged Goods Industry
Veteran to Lead New Sales & Marketing Initiative
PARK
CITY, Utah--(BUSINESS WIRE)--Park City Group, Inc. (OTCBB:PCYG), a developer of
patented retail supply chain solutions and services, today announced that
consumer packaged goods industry veteran Mark Deuschle, has joined Park City
Group as Sr. Vice President, reporting to CEO, Randall K. Fields.
Deuschle
has served as an entrepreneur and senior executive in the greeting card industry
for more than 20 years. Deuschle most recently has served as President of
Gartner Studios, Stillwater, MN. Gartner Studios serves the social expressions
category in both stationery and greeting cards for a variety of national chains
and regional Mass, Supermarket, Office Superstore and Craft
retailers.
“Given
the current economy, I believe the marketplace is ripe for the solutions that
the newly expanded Park City Group has to offer to both retailers and
manufacturers,” stated Deuschle. “As part of the Park City Group team, an
integral part of my role will be to showcase to retailers and suppliers the
far-reaching vision and high value of the Company’s products and
services.”
Upon the
closing of its acquisition of Prescient Applied Intelligence (OTCBB:PPID) next
week, Park City Group will become the leading provider of Scan Based Trading
(SBT). “I come from an industry that pioneered the use of SBT, a market is in
its early stages of development,” Deuschle continued. “The opportunity to expand
SBT as a primary way of doing business is enormous. The retail industry now
recognizes the advantage of shifting inventory responsibility to suppliers while
at the same significantly increase manufacturer and retailer sales.
“The key
parties involved in commerce today (manufacturers/retailers) need a neutral
third party who can provide category intelligence that allows the parties to
operate on a set of principles that deliver an ‘alignment of interests,’
resulting in improved sell through, reduced inventories and out of stocks and
most importantly ‘consumer satisfaction.’ I know from my own experience as a
manufacturer - along with the dealings I have had with major retail executives -
that a solution is desired by both ends of the transaction,” concluded
Deuschle.
“Mark
adds an important component of retail expertise during this turning point in the
history of Park City Group,” commented Randall K. Fields, CEO. “He has the
proven talent and skills to not only prospect and develop new business but to
also maintain and renew existing relationships. Mark’s deep knowledge of and
experience in Scan Based Trading will be most valuable as we actively expand
upon our business in that area. We expect to tap all facets of Mark’s expertise
as we aggressively expand our marketing outreach and forge new sales
opportunities. Our pending acquisition of Prescient Applied Intelligence gives
us a unique market position. I am confident that with Mark at the head of our
Sales, Account Management and Marketing teams, we will make great strides in
strengthening our market position in Scan Based Trading and all of our products
and services.”
About Park City
Group
Park City
Group provides innovative solutions and services that enable retailers and
suppliers to work collaboratively to improve profits, efficiencies, and customer
service. Our patented solutions provide trading partners a common network on
which they can capture, manage, analyze and share critical data, giving them the
power to make better and more informed decisions. Upon completion of the
acquisition of Prescient, Park City Group will be processing approximately $1.5
billion dollars of Scan Based Trading transactions and helping hundreds of
retailers and suppliers reduce their out-of-stocks and thereby increase their
sales. To find out more about Park City Group, please visit
www.parkcitygroup.com.
Contacts
PR
Contact:
Park City
Group, Inc.
Courtney
Behrens
610-719-1600
x332
cbehrens@prescient.com
or
IR
Contact:
Bibicoff
& MacInnis, Inc.
Terri
MacInnis
818-379-8500
terri@bibimac.com
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
9, 2009 |
PARK CITY
GROUP, INC. |
| |
|
| |
By: /s/ John
Merrill |
| |
CFO |