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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001038838-04-000018.txt : 20040129
<SEC-HEADER>0001038838-04-000018.hdr.sgml : 20040129
<ACCEPTANCE-DATETIME>20040129115800
ACCESSION NUMBER:		0001038838-04-000018
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040127
ITEM INFORMATION:		
FILED AS OF DATE:		20040129

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PARK CITY GROUP INC
		CENTRAL INDEX KEY:			0000050471
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				112050317
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-03718
		FILM NUMBER:		04551192

	BUSINESS ADDRESS:	
		STREET 1:		333 MAIN STREET, SUITE 300
		STREET 2:		P.O. BOX 5000
		CITY:			PARK CITY
		STATE:			UT
		ZIP:			84060
		BUSINESS PHONE:		435-649-2221

	MAIL ADDRESS:	
		STREET 1:		333 MAIN STREET, SUITE 300
		STREET 2:		P.O. BOX 5000
		CITY:			PARK CITY
		STATE:			UT
		ZIP:			84060

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIELDS TECHNOLOGIES INC
		DATE OF NAME CHANGE:	20010626

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERINET GROUP COM INC
		DATE OF NAME CHANGE:	19990803

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITY GROWTH SYSTEMS INC /DE/
		DATE OF NAME CHANGE:	19951214
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k012704.txt
<DESCRIPTION>FORM 8-K DATED JANUARY 27, 2004
<TEXT>
SEC 873 Potential persons who are to respond to the collection of information
contained in this form are (03/2003) not required to respond unless the form
displays a currently valid OMB control number.

- ---------------------------
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Expires: October 31, 2005
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                                  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 27, 2004

                              PARK CITY GROUP, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its chapter)

            NEVADA                       0003718                  37-1454128
- -----------------------------         -------------          -------------------
(State or other jurisdiction           (Commission              (IRS Employer
     of incorporation)                 File Number)          Identification No.)

                 333 Main Street #300
                 Park City, UT 84060                           84060
            -----------------------------                   -----------
            (Principal executive offices)                    (Zip Code)


       Registrant's telephone number, including area code (435) 649-2221

                                      N/A
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>

                    INFORMATION TO BE INCLUDED IN THE REPORT

Item 12. Results of Operations and Financial Condition.

On January 27, 2004, Park City Group, Inc. issued a press release announcing its
preliminary, anticipated revenue and net income/loss for the quarter and six
months ended December 31, 2003. A copy of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein in its entirety by reference into
this Item 9. The information furnished in this Item 9 (which is being furnished
under Item 12) shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, except
as shall be expressly set forth by specific reference in such a filing.




                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                            PARK CITY GROUP, INC.
                                            (Registrant)

Date:  January 28, 2004
                                             /s/ Randall K. Fields
                                            ------------------------------------
                                            Randall K. Fields, President and CEO


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ex991form8k012704.txt
<DESCRIPTION>PRESS RELEASE DATED JANUARY 27, 2004
<TEXT>
EXHIBIT 99.1

Press Release Dated January 27, 2004



 PARK CITY GROUP, INC. ANTICIPATES A NEAR DOUBLING OF REVENUES AND A QUARTERLY
                      PROFIT FOR SECOND QUARTER OF FY2004


PARK CITY, UTAH - January 27, 2004 - Park City Group, Inc. (OTCBB: PKCY) a
leading provider of profit enhancing software for the retail industry, announced
stronger than anticipated preliminary revenue and earnings per share figures for
FY2004 second quarter and six months ended December 31, 2003. The company
cautioned that these estimates are unaudited and that its final results are
subject to change.

Park City Group expects to report revenues in the range of $1.7 to $1.9 million
for the second quarter of FY2004 ended December 31, 2003. This approximately
represents a fifty-eight percent (58%) increase over the first quarter of FY2004
and a ninety-four percent (94%) increase over the same period in FY2003. The
Company anticipates second quarter profits to be in the range of $150 to $250
thousand. The six months revenues are expected to be in the range of $2.9 to
$3.1 million up twenty-eight percent (28%) over the prior year, with a loss of
$560 to $460 thousand, compared to a loss of approximately $1 million in the
prior year comparable period. Additionally, cash increased by $400 thousand as
compared to the first quarter of FY2004 and increased by $200 thousand over the
same period in FY2003.

"We are very pleased to announce that we expect to exceed our financial plan for
the second quarter of FY2004," said Randy Fields, Chairman, CEO and President of
Park City Group, Inc. "The fact that our customers are achieving improved
economic performance is the best measure of OUR performance. The recently
announced alliance for distribution of our labor management technology, and
continued efforts to control costs were key ingredients to this quarter's
anticipated profitability. We remain optimistic about our current fiscal year,
and believe that the success we are seeing with our customer's use of Fresh
Market Manager will enable us to show substantial improvement in this year's
revenues and operations." Q2 and Six Months Earnings Release and Conference
Call

<PAGE>

Park City Group will formally report its final results for the second quarter
and six months ended December 31, 2003 upon completion of the review by our
independent auditors. The Company will then host a conference call to review the
results. Details regarding conference call participation will be posted on the
company's website: www.parkcitygroup.com, or may be obtained by contacting the
company at 1-800-772-4556.

About Park City Group:

Park City Group is a leading provider of profit enhancing software and services
for the retail industry. The solutions were developed initially for the Mrs.
Fields Cookies business, and Randall K. Fields, who Co- Founded Mrs. Fields
Cookies is CEO of Park City Group. Park City Group has such marquee customers
like, The Home Depot, The Limited, Williams-Sonoma and many more recognized
retail operations. The company uniquely leverages its expertise in retail
operations management and state-of-the-art, patented technologies to simplify
the planning and execution of complex processes; deliver timely, relevant and
"action-able" information; and improve its customers' profitability by putting
the "best manager" in every store. Feel free to contact us at 800.772.4556 or
info@parkcitygroup.com. To find out more about Park City Group (OTCBB: PKCY),
visit our website at www.parkcitygroup.com.

Media Contact:
Carolyn Doll
Park City Group, Inc.
800.772.4556
cdoll@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 worldwide and U.S. economic conditions that
materially impact consumer spending and consumer debt, changes in demand for the
Company's products and services, risks associated with the integration of
acquisitions and other investments, 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 annual report on
Form 10-K for the year ended June 30, 2003 filed with the Securities and
Exchange Commission. Park City Group uses the paid services of investor
relations organizations to promote the Company to the investment community. Park
City Group does not intend to update these forward-looking statements prior to
announcement of quarterly or annual results.

                                     # # # #


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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