Business Services Industry
Park City Group Increases Focus on Professional Services with New Vice President
Business Wire, May 25, 2005
PARK CITY, Utah -- Park City Group, Inc. (OTCBB:PKCY) announced today that Aaron Prevo has joined the Company as its Vice President of Professional Services. Mr. Prevo was most recently a Senior Manager with BearingPoint, a global consultancy leader in systems integration. Prevo is charged with developing and building Park City Group's professional services team and increasing the revenue generating potential of this aspect of the business.
"As part of our mission to provide our customers with solutions that improve their profitability, we must have a strong consulting component to our offering," states Jim Horton, Park City Group's President and COO. "Aaron's experience was a perfect match to our needs, because of his BearingPoint consultancy projects in the retail industry as well as his own personal experience in operating his family's grocery business."
A graduate of Western Michigan University, Prevo has broad experience such as category and merchandise management, marketing and as the Chief Financial Officer for the formerly family-owned Prevo's Family Market with 10 stores in Western Michigan. He leveraged his hands-on operations experience by joining Virginia-based BearingPoint. While at BearingPoint he led numerous projects such as developing the merchandising system requirements design for a global petroleum retailer; and designing an enterprise pricing application for a major supermarket retailer.
"What attracted me to Park City Group is its innovative product offering and deep category management expertise, especially in the area of fresh item management. I have had the experience of trying to perform perishable category management without an application like Fresh Market Manager, and realize the benefit this application, coupled with our implementation methodology, can bring to the industry," states Prevo.
"There is no question that Aaron's experience will be a significant addition to our existing consulting and service offering," notes Randy Fields, CEO and Chairman of Park City Group. "We have historically limited our consulting services to our customers implementations, but we now recognize that our value-add is more than just supporting the software. We have consolidated all our services that support our customers into Aaron's organization. We expect him to build a world-class consulting and services organization that will generate significant on-going revenues for the Company."
"We are now experiencing significant momentum within our targeted markets of grocery and convenience stores and Aaron's appointment is just one of many changes that will be required if we are to become the $25-30 million company we expect to be in the next few years," states Horton.
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 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" 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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