<SEC-DOCUMENT>0001415889-15-003215.txt : 20150930
<SEC-HEADER>0001415889-15-003215.hdr.sgml : 20150930
<ACCEPTANCE-DATETIME>20150930120704
ACCESSION NUMBER:		0001415889-15-003215
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150928
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150930
DATE AS OF CHANGE:		20150930

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:				371454128
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34941
		FILM NUMBER:		151133136

	BUSINESS ADDRESS:	
		STREET 1:		299 S. MAIN STREET
		STREET 2:		SUITE 2370
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
		BUSINESS PHONE:		435-645-2100

	MAIL ADDRESS:	
		STREET 1:		299 S. MAIN STREET
		STREET 2:		SUITE 2370
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111

	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>form8k-09302015_090957.htm
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<html><head><title>Park City Group, Inc. - FORM 8-k</title></head><body bgcolor="#ffffff">
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman;">Date of report (Date of earliest event reported): &nbsp;</font><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman; TEXT-DECORATION: underline">September 28, 2015</font></div>
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	<font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Park City Group, Inc.</font><br><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">(Exact name of small business issuer as specified in its charter)</font>
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			<font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">37-1454128</font><br><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: times new roman">(IRS Employer Identification No.)</font>
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	<font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">299 S Main Street, Suite 2370, Salt Lake City, Utah 84111</font><br><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">(Address of principal executive offices)</font>
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	<font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline">435-645-2000</font><br><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">(Registrant's Telephone number)</font>
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	<font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman;  TEXT-DECORATION: underline">Not Applicable</font><br><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">(Former Name or Former Address, if Changed Since Last Report)</font>
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	<font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">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):</font>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; text-align:left;"><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt;text-align:left;"><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt;text-align:left;"><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt;text-align:left;"><font style="DISPLAY: inline; font-size: 10pt; FONT-FAMILY: Times New Roman">[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>

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<p align="left">
	</p><div class="left" style="text-align:left;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;"><b>Item 1.01 Entry into a Material Definitive Agreement.</b></font></div>

<p align="left" style="clear:both;"><font style="display: inline; font-size: 10pt; font-family: Times New Roman;text-align:left;">See Item 5.02.</font></p>

<p align="left">
	</p><div class="left" style="text-align:left;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;"><b>Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</b></font></div>

<p align="left" style="clear:both;"><font style="display: inline; font-size: 10pt; font-family: Times New Roman;text-align:left;">On September 28, 2015, Park City Group, Inc. (the "Company") announced the appointment of Todd Mitchell as the Company's Chief Financial Officer, effective immediately. A copy of the press release announcing Mr. Mitchell's appointment is attached to this Current Report on Form 8-K as Exhibit 99.1.<br><br>
Prior to his appointment, Mr. Mitchell served as a Senior Analyst and the Director of Research for Brean Capital, LLC. From March 2005 until joining Brean Capital (formerly Brean Murray, Carret &amp; Co.) in June 2011, Mr. Mitchell was a Senior Analyst with Kaufman Bros., L.P. Mr. Mitchell holds a B.A. in Political Science from Vassar College, and a MBA/MA in International Finance and Economics from The George Washington University School of Business.<br><br>
In connection with Mr. Mitchell's appointment, the Company and Mr. Mitchell entered into a two-year employment agreement (the "Employment Agreement"), a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1.  Under the terms of the Employment Agreement, Mr. Mitchell will receive an annual base salary of $225,000, and 43,144 restricted shares of the Company's common stock, par value $0.01 per share (the "Incentive Shares"), which Incentive Shares are subject to vesting conditions set forth in the Employment Agreement.  <br><br>
There are no relationships or related party transactions between the Company or any of its executive officers or directors and Mr. Mitchell that would require disclosure under Item 401(d) or 404(a) of Regulation S-K, or arrangements or understandings in connection with Mr. Mitchell's appointment.<br><br>
Concurrently with Mr. Mitchell's appointment, Ed Clissold resigned from his position as the Company's Chief Financial Officer. Mr. Clissold will continue to serve as the Company's General Counsel and Corporate Secretary.<br></font></p>

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	</p><div class="left" style="text-align:left;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;"><b>Item 9.01 Financial Statements and Exhibits.</b></font></div>

<p align="left" style="clear:both;"><font style="display: inline; font-size: 10pt; font-family: Times New Roman;text-align:left;">See Exhibit Index.</font></p>


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	</p><div class="left" style="text-align:left;"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;"><b>Disclaimer.</b></font></div>

<p align="left" style="clear:both;"><font style="display: inline; font-size: 10pt; font-family: Times New Roman;text-align:left;">The description of the Employment Agreement is qualified, in its entirety, by reference to the full text of the Employment Agreement, a copy of which is attached here to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated by reference herein.</font></p>

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<div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt;" align="center"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;">SIGNATURES </font></div>
<div style="display: block; text-indent: 0pt;">&nbsp;</div>
<div style="display: block; margin-left: 0pt; text-indent: 0pt; margin-right: 0pt; text-align: justify;" align="justify"><font style="display: inline; font-size: 10pt; font-family: Times New Roman;">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. </font></div>
<div style="display: block; text-indent: 0pt;">&nbsp;</div>
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    <div style="float:left; width:49%; text-align:left;"><font style="font-size: 10pt; font-family: Times New Roman;">&nbsp;</font></div>
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       				<font style="font-size: 10pt; font-family: Times New Roman;FONT-WEIGHT: bold;">Park City Group, Inc.</font>
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    <br><br><div style="clear:both;"></div>

        <div style="float:left; width:49%; text-align:left;"><font style="font-size: 10pt; font-family: Times New Roman;">Date:&nbsp;&nbsp; <i>September 30, 2015</i></font></div>
        <div style="float:left;width:49%;">
            <table width="300" cellpadding="0" cellspacing="0" align="center"><tr><td width="30" rowspan="4" valign="top"><font style="font-size: 10pt; font-family: Times New Roman;">By:</font></td>
                    <td nowrap align="left"><font style="font-size: 10pt; font-family: Times New Roman;">/s/ Randall Fields</font></td>
                </tr><tr><td style="height:2px;"><hr></td>
                </tr><tr><td nowrap align="left"><font style="font-size: 10pt; font-family: Times New Roman;"><i>Name: Randall Fields</i></font></td>
                </tr><tr><td align="left"><font style="font-size: 10pt; font-family: Times New Roman;"><i>Title: Chief Executive Officer</i></font></td>
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<div align="center"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;">Exhibit Index</font></div>
<div><font size="2">&nbsp;</font></div>
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				<div align="left"><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;"><b>Exhibit&nbsp;No.</b></font></div>
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				<font size="2">&nbsp;&nbsp;</font>
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				<div><font style="display: inline; font-weight: bold; font-size: 10pt; font-family: Times New Roman;"><b>Description</b></font></div>
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				<div><font style="display: inline; font-size: 10pt; font-family: Times New Roman;">EX-10.1</font></div>
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				<font size="2">&nbsp;&nbsp;</font>
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				<div><font style="display: inline;font-size: 10pt; font-family: Times New Roman;">Mitchell Employment Agreement</font></div>
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				<div><font style="display: inline; font-size: 10pt; font-family: Times New Roman;">EX-99.1</font></div>
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				<font size="2">&nbsp;&nbsp;</font>
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				<div><font style="display: inline;font-size: 10pt; font-family: Times New Roman;">Mitchell Press Release</font></div>
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<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex10-09302015_090957.htm
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<p style="margin-top:0px; margin-bottom:9.8px; font-size:11pt">CFO Employment Agreement</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:11pt; float:left">1)</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-2px; font-size:11pt">Position: Park City Group (the Company) hereby appoints Todd Mitchell to the position of Chief Financial Officer (CFO) of the Company, with such duties, authority and responsibilities as are normally associated with such position as determined by Randall Fields, the Chief Executive Officer (CEO) of the Company. </p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:11pt; clear:left; float:left">2)</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-2px; font-size:11pt">Compensation and Related Matters:</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:11pt; clear:left; float:left">a.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:96px; text-indent:-2px; font-size:11pt">Base Salary: The Company will pay the CFO an annual base salary of $225,000, payable in installments in the Company<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s regular payroll periods. </p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:11pt; clear:left; float:left">b.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:96px; text-indent:-2px; font-size:11pt">Signing Bonus: The Company will provide the CFO with a bonus constituting of unvested restricted common stock in the Company (Bonus Equity) with a value of $450,000 based on the Company<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s stock price on the date of the signing of this agreement (the Effective Date). &nbsp;&nbsp;</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:117.333px; width:144px; font-size:11pt; clear:left; float:left">i.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:144px; text-indent:-2px; font-size:11pt">25% of the Bonus Equity received will vest one-year after the Effective Date, and every one year anniversary thereafter provided the CFO is employed by the Company.</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:117.333px; width:144px; font-size:11pt; clear:left; float:left">ii.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:144px; text-indent:-2px; font-size:11pt">In the event of a Change in Control the vesting of any unvested Bonus Equity shall be accelerated and vested as of the effective date of such Change in Control. </p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:117.333px; width:144px; font-size:11pt; clear:left; float:left">iii.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:144px; text-indent:-2px; font-size:11pt">A <font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>Change in Control<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font> is defined as the sale or transfer of the CEO<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s Company Equity such that the CEO relinquishes his ownership interest and control of the Company, and/or the sale of substantially all of the assets or stock of the Company whether though merger, acquisition, reorganization, or consolidation.</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:11pt; clear:left; float:left">c.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:96px; text-indent:-2px; font-size:11pt">Performance Bonus: The CFO will be eligible to receive and annual discretionary bonus on account of the CFO<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s performance to be determined by the CEO based on the CFO<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s job performance and the success of the company.</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:72px; width:96px; font-size:11pt; clear:left; float:left">d.</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:96px; text-indent:-2px; font-size:11pt">Benefits and Business Expenses: The CFO will be eligible to participate in all social benefits provided by the Company including Healthcare, 401K, and will be reimbursed by the Company for all expenses incurred in the roll of CFO as determined appropriate by the CEO.</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:11pt; clear:left; float:left">3)</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-2px; font-size:11pt">Early Termination: The Company may terminate the CFO <font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>at will<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font> prior the end of the initial two year Term of this Agreement provided the Company provides the CFO with a cash severance payment of $100,000. The CFO will also retain any portion of the Company Equity received as a Signing Bonus which has vested. &nbsp;</p>
<p style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-size:11pt; clear:left; float:left">4)</p>
<p style="margin-top:0px; margin-bottom:9.8px; padding-left:48px; text-indent:-2px; font-size:11pt">Indemnification: The Company agrees to indemnify the CFO if the CFO is made a party or is threatened to be made a party to any action, suit or proceeding, whether civil, criminal, administrative or investigative by reason of the fact that the CFO is or was a trustee, director, officer, CFO, agent or employee of the Company, and against all Expenses incurred or suffered by the CFO in connection therewith.</p>
<p style="margin-top:0px; margin-bottom:9.8px; font-size:11pt; clear:left">Randall K Fields (CEO)</p>
<p style="margin-top:0px; margin-bottom:9.8px; font-size:11pt">Signed: <u>/s/ Randall Fields &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;Date: <u>September 28, 2015 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;</p>
<p style="margin-top:0px; margin-bottom:9.8px; font-size:11pt">Todd Mitchell (CFO)</p>
<p style="margin-top:0px; margin-bottom:9.8px; font-size:11pt">Signed: <u>/s/ Todd Mitchell &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;Date: <u>September 28, 2015</u></p>
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<p style="margin:0px; font-size:12pt" align="center"><b>Park City Group Appoints Todd Mitchell Chief Financial Officer</b></p>
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<p style="margin-top:0px; margin-bottom:8px; font-family:Calibri,Times New Roman; font-size:11pt" align="justify"><b>SALT LAKE CITY, Utah. <font style="font-family:Arial Unicode MS,Times New Roman">&ndash;</font> </b><b>September</b><b> </b><b>28</b><b>, 2015</b><b> </b><font style="font-family:Arial Unicode MS,Times New Roman">&ndash;</font> Park City Group, Inc. (NASDAQ: PCYG), a cloud-based software company that uses big data management to help retailers and their suppliers <b><i><font style="font-family:Arial Unicode MS,Times New Roman">&lsquo;</font></i></b><b><i>Sell more</i></b><b><i>, Stock less and See everything<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font></i></b>, today announced Todd Mitchell will join the company as Chief Financial Officer effective September 28, 2015. </p>
<p style="margin-top:0px; margin-bottom:8px; font-size:11pt" align="justify"><font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>We are excited to have Todd Mitchell join our team as Chief Financial Officer,<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font> said Randall K. Fields, Chairman and Chief Executive Officer. &nbsp;<font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>Todd has an extensive background in capital markets, finance and public equites, most recently serving as Director of Research at Brean Capital, LLC where he covered Park City Group. &nbsp;Todd has an in depth knowledge of the Company<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s business model and of the market in which we operate, and we look forward to his contributions to the Company going forward. &nbsp;We would also like to thank Ed Clissold for his service for the past three years where he served both as CFO and General Counsel. &nbsp;Ed will continue as our General Counsel, but our growth adds to both roles so this is the right time to split the functions,<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font> concluded Mr. Fields. </p>
<p style="margin-top:0px; margin-bottom:8px; font-size:11pt" align="justify"><font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>I am thrilled to join the management team of Park City Group at such a key point in the Company<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s development,<font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font> said Todd Mitchell. <font style="font-family:Arial Unicode MS,Times New Roman">&ldquo;</font>With the promulgation of new food safety regulations, and ReposiTrak<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s truly unique solution for helping industry participants to comply with these new challenges, I see a tremendous opportunity. &nbsp;I believe Park City has a truly differentiated technology platform, a very attractive business model, and the ability to scale rapidly and profitably, creating significant value for its shareholders. <b style="font-family:Calibri,Times New Roman;font-weight:normal;">I look forward to working with Randy an</b><b style="font-family:Calibri,Times New Roman;font-weight:normal;">d the team at Park City to </b><b style="font-family:Calibri,Times New Roman;font-weight:normal;">grow the business and deliver significant returns for investors.</b><font style="font-family:Arial Unicode MS,Times New Roman">&rdquo;</font> &nbsp;&nbsp;</p>
<p style="margin-top:0px; margin-bottom:8px; font-size:11pt" align="justify">Todd Mitchell joins Park City Group after a two decade career as a Research Analyst on Wall Street covering media and technology companies. Todd has a strong track record of finding and championing successful small cap growth companies. Over the course of his career Todd has received many accolades for his research activities. Most recently, Todd was the #1 ranked analyst in his sector for Stock Picking and #1 ranked analyst in his sector for Earnings Accuracy for 2014/2015 by Thomson Reuters Starmine Analyst Awards. For the past three years Todd also served as the Director of Research for Brean Capital LLC, where he oversaw the expansion of the department and helped the firm to grow its cash equities business by nearly 50% during this period. Todd earned an MBA and a master<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s degree in economics from George Washington University, and a BA from Vassar College. </p>
<p style="margin-top:0px; margin-bottom:8px; font-size:11pt" align="justify"><b>About Park City Group</b></p>
<p style="margin-top:0px; margin-bottom:8px; font-size:11pt" align="justify">Park City Group (PCYG) is a Software-as-a-Service ("SaaS") provider that brings unique visibility to the consumer goods supply chain, delivering actionable information to ensure products are available when and where consumers demand them, helping retailers and suppliers to 'Sell More, Stock Less, and See Everything'. Park City Group's technology also assists all participants in the food and drug supply chains to comply with food and drug safety regulations through the Company's ReposiTrak subsidiary. More information is available at <b style="color:#0000FF;font-weight:normal;"><u>www.parkcitygroup.com</u></b> &nbsp;and <b style="color:#0000FF;font-weight:normal;"><u>www.repositrak.com</u></b>. </p>
<p style="margin:0px; font-size:11pt"><b>Forward-Looking Statement</b></p>
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<p style="margin:0px; font-size:11pt">Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if", "should" and "will" and similar expressions as they relate to Park City Group, Inc. ("Park City Group") are intended to identify such forward-looking statements. Park City Group may from time to time update these publicly announced </p>
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<p style="margin:0px; font-size:11pt">projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in Park City's annual report on Form 10-K, its quarterly report on Form 10-Q, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. </p>
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<p style="margin:0px; font-size:11pt"><b>Investor Relations Contact:</b></p>
<p style="margin:0px; font-size:11pt">Dave Mossberg</p>
<p style="margin:0px; font-size:11pt">Three Part Advisors, LLC</p>
<p style="margin-top:0px; margin-bottom:8px; font-size:11pt">817-310-0051</p>
<p style="margin:0px; font-size:11pt">Jeff Elliott</p>
<p style="margin:0px; font-size:11pt">Three Part Advisors, LLC</p>
<p style="margin:0px; font-size:11pt">972-423-7070</p>
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