Park City Group to Redeem Series A Convertible Preferred Stock

Park City Group to Redeem Series A Convertible Preferred Stock

Action to Simplify Capital Structure and Increase Profitability

PARK CITY, Utah, March 13, 2013 (GLOBE NEWSWIRE) -- Park City Group (NYSE
MKT:PCYG), a Software-as-a-Service (SaaS) provider of unique supply chain
solutions for retailers and their suppliers, today announced that it will
redeem all of its issued and outstanding shares of Series A Convertible
Preferred Stock on April 15, 2013.

The Series A Convertible Preferred Stock will be redeemed at a redemption
price of $10.00 per share in cash, less any applicable tax withholding as may
be required by law. Each share of Series A Convertible Preferred Stock is
convertible into 3.33 shares of common stock.  Holders of the Series A
Preferred may convert their shares of Series A Preferred into shares of Park
City Group's common stock until the close of business (5:00 pm
MountainDaylight Time) on April 15, 2013. For more information, holders of
the Series A Preferred may contact Ed Clissold, the Company's Chief Financial
Officer at (435) 645-2200.

The Company also announced that it has entered into agreements with certain
accredited investors to purchase an aggregate of 600,000 shares of common
stock of the Company at a price of $3.50 per share, along with warrants to
purchase an additional 200,000 shares at an exercise price of $3.50 per share.
Gross proceeds of $2.1 million from this financing, together with available
cash, borrowings, and additional funding to be provided by the Company's
directors are expected to meet the cash required to redeem the Series A
Convertible Preferred Stock.

Randall K. Fields, Chairman and CEOof Park City Group said, "We believe the
redemption of the Series A Preferred will be accretive to shareholder value by
simplifying our capital structure and reducing our preferred dividend payments
by approximately $650,000 annually, or $0.04 per share.These savings,
combined with the anticipated continued acceleration of our revenue and
earnings, position us to deliver record results during fiscal 2013."

The securities offered and sold in the private placement have not been
registered under the Securities Act of 1933, as amended, or any state
securities laws, and may not be offered or sold in the United States absent
registration, or an applicable exemption from registration under the
Securities Act and applicable state securities laws.

Dawson James Securities, Inc. acted as the exclusive placement agent for a
portion of the securities sold in the private placement.

About Park City Group

Park City Group (NYSE MKT: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 services increase customers' sales and profitability while enabling
lower inventory levels, and help to ensure regulatory compliance for both
retailers and their suppliers.

Through a process known as Consumer Driven Sales Optimization™, 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.

In 2012 Park City Group worked with Leavitt Partners, an internationally-known
health care and food safety consulting firm to create ReposiTrak, Inc., which
provides food retailers and suppliers with a robust solution that helps them
protect their brands and remain in compliance with rapidly evolving
regulations in the recently passed Food Safety Modernization Act.Powered by
Park City Group, this solution, also called ReposiTrak™, is an internet-based
technology, which enables all participants in the farm-to-table supply chain
to easily manage tracking and traceability requirements as products move
between trading partners.

The Park City Group, Inc. logo is available at

Forward-Looking Statement

Statements made in this press release include forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, regarding,
but not limited to, the amount and use of proceeds the Company expects to
receive from the offering, the closing of the offering, the exercise of the
warrants, and the Company's ability to continue to grow revenue.
Forward-looking statements can be identified by the use of words such as
"may," "will," "plan," "should," "expect," "anticipate," "estimate,"
"continue," or comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many of which
the Company cannot predict with accuracy and some of which the Company might
not even anticipate, and involve factors that may cause actual results to
differ materially from those projected or suggested. Readers are cautioned not
to place undue reliance on these forward-looking statements and are advised to
consider the factors listed above together with the additional factors under
the heading "Disclosure Regarding Forward-Looking Statements" and "Risk
Factors" in the Company's Annual Reports on Form 10-K, as may be supplemented
or amended by the Company's Quarterly Reports on Form 10-Q. The Company
assumes no obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or otherwise.

CONTACT: Investor Relations Contact:
         Dave Mossberg
         Three Part Advisors, LLC

Park City Group, Inc. logo
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