Park City Group, Inc. Receives Letter From NYSE MKT Pursuant to Sections 301
and 711 of the Exchange's Company Guide
SALT LAKE CITY, Oct. 25, 2013 (GLOBE NEWSWIRE) -- Park City Group, Inc. (NYSE
MKT:PCYG), a Software-as-a-Service provider of unique supply chain solutions
for retailers and their suppliers, today announced that it recently received a
letter from the NYSE MKT regarding noncompliance with the Exchange's Company
Guide requiring shareholder approval of two 2011 equity compensation plans
approved by the Company's board of directors, and the failure by the Company
to file an application for, and obtain Exchange approval for the listing of,
securities issued pursuant to such equity compensation plans. The Company's
shareholders approved amended and restated equity compensation plans at its
2013 annual meeting of shareholders, and the Exchange's letter relates to
shares issued under the plans between 2011 and the date shareholders approved
the amended and restated equity compensation plans at the 2013 annual meeting.
The NYSE MKT advised the Company that it is required to disclose receipt of
the letter in a press release.This action will not adversely affect the
Company's listing status with the NYSE MKT.
In response to the letter, the Company will request that shareholders ratify
the issuances under the equity compensation plans referenced in the letter in
connection with its upcoming annual meeting of shareholders.
As previously announced, the Company plans to begin trading on the NASDAQ
Capital Market on October 28, 2013.
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 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
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.
CONTACT: Investor Relations Contact:
Three Part Advisors, LLC
Three Part Advisors, LLC
Park City Group, Inc. logo
Press spacebar to pause and continue. Press esc to stop.